Flight Centre Travel Group had $218 million in profit before taxes (PBT) for fiscal year 2024 (FY24), according to the company’s filing with the Australian Securities Exchange. (Figures are given in U.S. currency, based on a rate of 68 cents to the Australian dollar.) That result was a 131% increase over FY23. (The fiscal year ended on June 30.)

Total transaction value (TTV) reached a record $16.14 billion, slightly above the $16.12 billion in FY19 and a $1.2 billion year-on-year increase.

FCTG’s global corporate business delivered a 44% underlying PBT increase to $143.5 million, with Corporate Traveller, a division, contributing a record profit.

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Charlene Leiss, The Americas president, said that throughout the last year, the company has taken important steps in its flagship business travel divisions Corporate Traveller and FCM Travel that have enabled it to fast-track expansion in the Americas. FCTG, she said, has secured key accounts, while prioritizing and deepening its connection with existing clients.

Chris Galanty, global corporate CEO, said it’s been a robust year for the corporate pillar of the Flight Centre Travel Group, with the flagship brands of Corporate Traveller and FCM Travel delivering record total transaction value in a sector that has recovered only to 80% of pre-COVID transaction volumes. This result, he said, “has been driven by high customer retention rates and a large pipeline of new account wins, some of which have yet to be fully implemented, so we’ll see the benefits of these flow over the coming months once they begin trading.”