News

Most companies will only resume business travel if their organization deems it safe to do so, according to the second poll in a multi-national ‘State of the Market’ study by Corporate Traveler and FCM Travel Solutions. The majority will also revamp their travel policies to reflect increased duty of care considerations post COVID-19. 
Flight Centre Travel Group’s (FCTG) corporate business has delivered a record amount of new accounts during a challenging period for the travel industry. The corporate business, which includes brands FCM, Corporate Traveller, Stage & Screen, Flight Centre Business Travel and cievents, has fueled the company’s revenue generation during COVID-19 lockdowns, given that essential services have generally been permitted to travel.
We wanted to share with you the news that Corporate Traveler’s parent company, Flight Centre Travel Group (FCTG), has secured AUD $900 million in additional funding (through a capital raising and new debt facilities) to further strengthen its balance sheet and liquidity position and prepare for further growth once the prevailing business climate improves.