Flight Centre Travel Group (ASX: FLT) is emerging from turbulence as the Omicron wave of COVID-19 begins to subside, announcing today its revenue doubled during the December half with that trend continuing into the new year.
Though the company’s underlying loss after tax is essentially the same as it was in the prior first half, FLT today reported its total transaction value (TTV) rose by 112.9 per cent to $3.2 billion, and its revenue doubled to $315 million in the first half.
As such, FLT says it is targeting a near-term return to profitability after a “significant recent improvement in market conditions globally”, driven by the easing of international border closures and general COVID-19 restrictions, as well as Omicron cases decreasing in key markets.
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