Menu
Menu
Jetset Travelworld's 1H profit falls 68% to $4.9m

Jetset Travelworld's 1H profit falls 68% to $4.9m

Travel agent franchise Jetset Travelworld (ASX:JET) said its first-half profit fell 68% year-on-year to $4.9 million, with the company left reeling from a decline in the corporate travel sector.

The company, which operates both online and brick-and-mortar travel agencies, said it recorded total transaction values (TTV) of $1.05 billion, a 21% decline from the year before.

But TTV improved marginally from Q2, with improvements in the leisure sector helping to offset the corporate declines.

JET shares have today fallen 10.4% to $1.20.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags financial resultsonline storeJetset Travelworld

Show Comments
Computerworld
ARN
Techworld
CMO