Sydney Morning Herald, 24 August 2017 – Flight Centre shares have soared almost 11 per cent, hitting a three-year high after the travel group signalled the era of heavily discounted international airfares is coming to an end.
The company revealed on Thursday its profit before tax was $325.4 million for the 2017 financial year, down 5.7 per cent from the previous year.
Significant airfare discounts hurt earnings as the company takes a percentage of each transaction, but the trend started to normalise in the second half of the year, the travel group said. Read more…
