Flight Centre has announced a $287.2 million loss for the year ended June 30 but signalled growing confidence in its outlook.
After two years of pandemic-induced travel restraints, the travel group?s corporate and leisure travel businesses both returned to profit in the second half after a strong fourth quarter, driven by higher total transaction value.
?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?, said CEO Graham Turner.
Flight Centre shares dropped 4.44% in morning trade.