Business at Flight Centre Travel Group's corporate brands was "strong" in the first quarter of its fiscal year, which ran through Sept. 30.
In its annual general meeting on Wednesday, Flight Centre Travel Group CEO Graham Turner said total transaction value for the group's corporate business was up 7 percent year over year, as FCM is "securing a pipeline of account wins totaling almost A$400 million [US$261.8 million]" and "Asia [is] returning to modest profitability."
The Group's corporate business in the Americas also has had "strong growth" at the start of the fiscal year, with "accelerated" expansion of Corporate Traveler and "several new global business wins" for FCM in the region, the Group's Americas president Charlene Leiss said in a statement.
"Despite ongoing economic volatility and geopolitical tensions, both divisions have shown exceptional resilience and adaptability," according to Leiss. "Our ability to pivot and provide real-time support in an increasingly complex travel environment has been integral to helping companies navigate uncertainty and turn their business travel programs into catalysts for sustainable growth."
Flight Centre has been trimming its workforce for its corporate business, and Turner said the business had an average full-time employee reduction of 5 percent for the quarter.
Since the close of the first quarter, Turner said performance in October has confirmed "momentum across both corporate and leisure segments."