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Flight Centre soars to £101m
21 Jul 2008Discount travel agency Flight Centre today unveiled a 40% profit rise to A$212 million (£101.1 million), and said the UK will drive an earnings increase in the coming months.
Australia's largest travel agent expects earnings to rise by up to 15% in the next 12 months, with operations in Britain, South Africa and New Zealand the driver.
"Our businesses continue to perform reasonably well, particularly in our established markets," finance chief Shannon O'Brien said.
He said the firm would continue to expand organically but did not rule out strategic acquisitions and alliances.
The company, which has 160 outlets in the UK, said its leisure travel business has shown strong growth.
It also owns business travel firm FCm Travel Solutions, which it launched in 2005 when it merged with Britannic Travel amid ambitious plans to challenge travel management giants American Express, BTI and Carlson Wagonlit Travel.
