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Magellan $10m prediction

MAGELLAN Travel Group is currently finalising its full year result, with expectations the profit to be distributed to its 120 members will exceed $10 million. Speaking exclusively to Travel Daily, ceo Andrew Macfarlane said 2015/16 was the eighth consecutive year of double digit profit growth, despite it being a “good, not great year for our member agents”. He said Magellan’s corporate focused members had been impacted by the transitioning economies in Queensland and WA and subdued confidence. “But many are also winning ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 13 Jul 16

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