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.

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Tags financial resultsonline storeJetset Travelworld

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