Flight Centre to redeploy $61.7 million from Pedal Group exit as Middle East tensions hit profits
AI Market Summary
Flight Centre reported solid operating momentum with EBITDA up 24.4% and transaction volume up 4.7%, but noted Middle East conflict reduced Q4 pre-tax profit by about A$60m and UAE volumes fell 15%. The sale of its Pedal Group stake and redeployment of A$61.7m signals a tighter focus on core travel exposure and reduced non-travel volatility. Geopolitical risk remains a key swing factor for travel demand.
Impact level
● Low
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Flight Centre reported EBITDA of $275 million, up 24.4% from the prior financial year, as total transaction volume rose 4.7% to nearly $26 billion. The company said Middle East tensions cut about $60 million from its fourth-quarter pre-tax profit and reduced transaction volume through the United Arab Emirates by 15%. Flight Centre also said it will redeploy $61.7 million raised from selling its stake in Pedal Group, as it refocuses on its core travel business.
