FCm Travel Solutions parent Flight Centre reported 18 percent growth in half-year profits before taxes of A$119.7 million (US$121.8 million) for the period ending Dec. 31, 2011.

Australian travel conglomerate Flight Centre reported "strongest growth from Australia, the United Kingdom and Dubai, plus the Canada and U.S. corporate travel businesses," according to managing director Graham Turner. Total transaction value of travel sales across the company's global portfolio increased 9 percent to A$6.2 billion (US$6.3 billion) as the company reported a 4 percent increase in revenues on those sales to A$954.1 million (US$971 million), also compared to the year-ago period. While the company said its U.S. operations generated a A$4 million (US$4.1 million) loss, officials noted that it marked a "52 percent reduction in overall U.S. losses" as compared to a year ago.