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In a strategic move to bolster its technological capabilities, FCM Travel India has appointed Shailendra Pandey as its new Chief Technology Officer. Pandey brings 17 years of experience in the technology sector, previously in roles such as a Development Engineer, Solutions Manager, and was most recently the Director of Engineering for a billion-dollar company before joining FCM Travel India.

Flight Centre Travel Group has upgraded its 2023 fiscal year profit guidance, expecting underlying earnings between $295m and $305m for the 12 months to June 30, 2023. The new midpoint represents a 7% increase in underlying EBITDA and a $483m turnaround from the underlying $183m loss in FY22. Total transaction value (TTV) is expected to be around $22bn, with record TTV in corporate travel and $10bn in leisure.