Bloody Horrific News For Anyone Looking To Buy Flights
Flight centre shares have hit a three-year high after they signalled the end of heavily discounting their international airfares.
The company revealed today that its profits before tax was $325.4 million, which was down 5.7%.
Significant discounting has learnt earnings as the company takes a percentage of each transaction but the trend looks to normalise in the second half of the year.
Flight Centre said it "currently expects a more normal environment, with modest fare decreases or increases, rather than steep discounting across the board", for 2018.