Procurement
Australian travel conglomerate Flight Centre Limited posted record revenues and profits for its fiscal year ending June 30.
In announcing an overall net profit after tax that jumped 43 percent to A$200.1 million (US$203.3 million), the parent of travel management company FCm Travel Solutions cited strong corporate travel growth in Australia, Canada, South Africa and the United States. "U.S. corporate [is] growing rapidly and set to open in Houston, San Diego and Philadelphia this year," the company noted, adding that the U.S. corporate business now is "one of Flight Centre's fastest-growing businesses."