Flight Centre Results Show Shift Back to Corporate Travel

The corporate division of Flight Centre Travel Group is outperforming the company's leisure travel bookings, pointing to a comeback for a sector that has suffered significant cutbacks during the pandemic.

Flight Centre reported its corporate travel business, which includes the FCM and Corporate Traveler brands, saw $7 billion (AU$11 billion) in sales for the fiscal year ended June 30, which was 24% above pre-Covid-19 levels. The company's leisure travel division reported $6.4 billion (AU$11 billion) in sales for the same period.

Pre-Covid, the company saw about two-thirds of its sales generated through leisure travel and one-third through corporate travel sales. This has shifted to "corporate travel sales accounting for 50% and leisure about 45%," with the remaining 5% attributed to other ancillary services within the group, stated Adam Campbell, Flight Centre's chief f