First half of 2013 financial year a winner for Flight Centre

Sarah Stowe

Flight Centre has reported a net profit of $91.8 million for the six months to 31 December 2012, which is a 13 percent jump from the previous corresponding period, where its net profit was just $81.6 million.

In the same period, the company’s total revenue rose from $954.1 million to $1 billion.

These figures represent the company’s success not only in the Australian market, but overseas in countries including China, Britain and Singapore, too.

Flight Centre continued to perform well in January, and it believes its full year pre-tax profit may reach anywhere between $305 and $315 million, reports The Australian.

Graham Turner, managing director, Flight Centre said while flights have been relatively cheap of late, many travellers are opting to upgrade, which is good news for both airlines and the company.

“The overall move from economy to business, particularly in leisure (travel), is a positive move for us and the travel industry generally,” he said.

According to The Australian, Turner said Flight Centre was focused on organic growth; however acquisitions are not out of the question.

The company has plans to open its 2500th store during the fourth quarter of the 2013 financial year.