The travel giant posted a smaller $287 million loss, and says underlying earnings are turning around from the pandemic’s depths.
Flight Centre is pitching travel demand as shielded against inflation, arguing people see trips as a must-spend item amid higher cost-of-living pressures.
“After two years of unprecedented disruption to normal global travel patterns and other everyday activities, we are pleased to start [this year] with a considerably brighter outlook,” Flight Centre chief executive Graham ‘Skroo’ Turner said.“Travel demand has recovered rapidly since most governments globally removed or relaxed border restrictions and we have started the new fiscal year with strong momentum.
Mr Turner said Flight Centre would monitor the impact of any future strains. “While we believe further lockdowns are highly unlikely, there is little visibility around government’s future strategies or intentions,” he said.
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