Flight Centre profit up 9-10% year-on-year.
Flight Centre Travel Group has just advised it expects to report “record profits” for seven of the ten geographies in which it trades.
In a statement this afternoon to the Australian Securities Exchange outlining its preliminary results for the 2013/14 financial year, the group said it has recorded an underlying profit before tax (PBT) of between $375 million and $377 million, based on a Total Transaction Value of more than $16 billion.
The result is between 9-10% above its $343.1 underlying profit result last year, which was itself a record at the time.
Record profits are expected in seven of ten regions in which Flight Centre Travel Group operates – Australia, UK, US, New Zealand, South Africa, Greater China and Singapore.
Inclusive of three non-recurring items, one of which includes an $11 million fine imposed by the ACCC earlier this year, the company will report a statutory PBT of around $324 million upon the release of its audited accounts next month.
TripAdvisor announces plans to acquire Viator for US$200 million.
Online attraction booking website Viator will be purchased by TripAdvisor, with the deal expected to close in the third quarter of this year.
The deal marks TripAdvisor’s fourth acquisition this year following lafourchette, Tripbod, and Vacation Home Rentals.
Viator retails more than 200,000 products including single-day and multi-day tours, tickets, transfers, attractions and more, and features more than 600,000 user-submitted reviews, photos and videos.
Viator CEO Barrie Seidenberg said the deal will help more travellers experience the best activities their destination has to offer.
More information on both of these breaking stories in Monday’s Travel Daily.