Johannesburg, 1 March 2026 - Flight Centre Travel Group (FCTG) has reported a half-year underlying profit before tax (UPBT) of AUD$124.6 million for the period ending 31 December 2025 – 4% growth year-on-year and a record 6% rise in total transaction value (TTV) for the corporate travel division, with FCM's ability to solve broader business challenges emerging as a key driver of the Group's strong first-half performance. The full market release is here.

Beyond standard travel management

FCTG’s managing director Graham Turner said the company’s first-half (1H FY26) profit growth was achieved in a challenging global trading climate and was underpinned by:

  • Record TTV of $12.5b (+7%) group-wide;
  • A record low 1H cost margin (9.6%), reflecting disciplined cost management and productivity gains;
  • Strong leisure TTV growth and profit in line with expectations after a period of high volatility; and
  • Corporate growth outperforming expectations, with record TTV and accelerated profit gains.

Meetings and events, payments, and consultancy now account for approximately 10% of global revenue – which Mummy Mafojane, GM of FCM South Africa, says reflects FCM's growing role as a broader business travel partner, solving complex organisational challenges rather than simply booking flights and hotels.

The first-half results reflect the hard work of FCM teams across the globe. Our focus has never simply been on managing travel – it's about understanding our clients' broader business objectives and designing platforms and programmes that actively support them. Whether that's through our meetings and events offering, smarter payment solutions or strategic consultancy, we're having deeper, more meaningful conversations with our clients than ever before. The results speak to what happens when expert people are empowered by the right technology. 

- Mummy Mafojane

Comments by Steve Norris, Flight Centre Travel Group Managing Director, EMEA:

“FCM has achieved significant growth and operational advancements across its European corporate business. Robust expansion in FCM Meetings and Events has led the way, with the UK delivering a 46% year-over-year increase.

“This success reflects the stability and reliability of FCM’s service delivery, highlighted by its highest post-COVID SLA performance – reaching 94.1% for phone and email inquiries. Clients can trust that this level of consistency gives their travel programmes real confidence.

“Looking to the second half of fiscal year 2026, we expect a strong pipeline of new business for FCM.”

Comments by Chris Galanty, Flight Centre Travel Group, Global Corporate CEO

“The corporate travel industry is consolidating rapidly. New entrants are disrupting traditional models. Economics is shifting. This creates opportunity for well-positioned players – and we're capitalising on it with a robust pipeline of new accounts and strong retention.

“We've launched AI tools that handle routine enquiries while our consultants focus on what they do best: solving complex travel challenges. This isn't AI replacing people. It's automating the ordinary to deliver the extraordinary.

“Our FCM platform now integrates customer-facing and operational technologies, creating a seamless experience that combines the speed of automation with the personal touch clients demand.

“We're expanding into higher-margin services beyond flight and hotel bookings. FCM generated approximately 10% of global revenue this half from meetings and events, payments, and consultancy – solving broader business problems for clients.

“We enter H2 with strong momentum, improving margins, and multiple growth levers. Industry consolidation is creating opportunities. Our productivity initiatives are gaining traction.

“The corporate travel landscape is transforming rapidly. FCTG's combination of scale, service culture, and technological capability means we're not just navigating – we’re leading.”

Read the full ASX announcement