Flight Centre Makes a Dig at Bigger Rivals as it Takes Their Clients
Photo Credit: Flight Centre's corporate business delivered a $9.42 million profit during its 2022 fiscal year. Unsplash / Omar Prestwich
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With so much consolidation taking place, the group reckons its FCM Travel arm is now the only global alternative to the legacy travel management companies. They may disagree.
The corporate division of Flight Centre Travel Group now has a seat at the table when it comes to pitching for business from the biggest clients around.
That's according to Chris Galanty, its corporate CEO, who said that consolidation had played a large part. In the past year the division, which includes the FCM and Corporate Traveller brands, scooped $1.74 billion worth of “new wins” (based on what those companies would have spent on travel in 2019), Galany said as the group reported its full-year 2022 results.
During the 12 months to June 30, 2022, the corporate business delivered a $9.42 million profit, which included a $26.9 million fourth quarter result. New customers include Shell (a former CWT client) and PwC.
Since the pandemic began, Galanty said the division had won a total of just over
