Flight Centre saw a pre tax loss of $602m in the 2021 financial year...but it's feeling optimistic again.
Background: Lockdowns and travel restrictions have really hurt Flight Centre. They saw a pre tax loss of $602m in the 2021 financial year. That has REALLY gotta hurt.
What happened: Flight Centre is feeling optimistic again. NSW plans to reopen international travel and Queensland plans to reopen its borders by Christmas (baby steps QLD, baby steps).
What else: And recently, flightcentre.com.au recorded its largest day of online sales since June. They're targeting a return to monthly profitability and told investors that it can reach break-even point even sooner.
💡A break-even point is the point at which the total costs in the business and the total revenue for the business are equal. At this point, the company has not yet made any profit.
💡Knowing the business’ break-even point can help a business set product pricing, set sales budgets and help create the basis of a business plan.
💡For Flight Centre, they are aiming to get to that break-even point this financial year.
Sign up for Flux and join 100,000 members of the Flux family