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Flight Centre Limited’s net profit after tax for the six months to December 31, 2009, jumped 95.8 percent to $51.5 million, from $26.1 million in the prior corresponding period.

Published: 26 Feb 2010

Flight Centre Limited’s net profit after tax for the six months to December 31, 2009, jumped 95.8 percent to $51.5 million, from $26.1 million in the prior corresponding period.

Revenue fell 6.9 per cent to $818.5 million.

Flight Centre’s chief financial officer, Andrew Flannery, shared that strong Australian demand has more than offset losses in its US business, and weakness in the UK, Canada and New Zealand.

“Certainly consumer confidence here rebounded much faster than most other markets, there was certainly some pent up demand when people deferred international travel on the last part of the cycle, the strong Australian dollar and certainly the outstanding deals have all contributed to a very strong Australian result,” he said.

Flight Centre recorded pre-tax profit of $73.6 million in the half, which was within the range of $70 million to $74 million managing director Graham Turner forecast in January.

The company has reaffirmed its guidance of full-year pre-tax profit coming in between $160 million and $180 million.