Business
Flight Centre pins black-ink target on open borders – The Australian Financial Review
The travel giant just posted a $233 million loss, but aims to break even – with caveats.
It stood by guidance of breaking even if total transaction values (TTV), the amount of money flowing through the agency before taking its clip of revenue, was at 40 per cent of normal levels.
Flight Centre said TTV in July-December was at 12 per cent of the previous corresponding period, at $1.5 billion. The corporate arm was faring better at 17 per cent while the leisure division was only at 7 per cent.
Based on what we have seen so far, travellers have been keen to take off as soon as they have…
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