The diversified travel agent has started FY24 strongly and will return capital to shareholders that supported the company through COVID-19.
Flight Centre says higher prices are not impacting bookings; profits are risingFlight Centre expects a return to “more favourable dynamics for travellers” after reporting record performance in corporate travel, taking its total sales to their second-highest level ever.
It will pay an 18¢ a share fully franked dividend for the first time since the pandemic, representing 52 per cent of its $47 million net profit after tax. It expects to pay 50 per cent to 60 per cent of its after tax net profit as dividends or buybacks, including of convertible notes, from this year.
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