Peter Costello, the former federal treasurer, will join the Helloworld Travel Limited board on 1 June 2026, the travel group announced today.
As a long-time treasurer of Australia, Helloworld says Costello has an “extraordinary amount of experience at government, financial and commercial levels”.
He served as federal treasurer for more than 11 years, an extraordinary tenure in Australian politics.
In addition to that, he chaired the Independent Advisory Board to the World Bank, Australia’s Future Fund for a decade, and Nine Entertainment Group, as well as “many other significant roles”.
In a message to the ASX, Helloworld CEO Andrew Burnes welcomed Costello to the board, saying he looked forward to working with him “to continue to grow and develop the business in the years ahead”.
In February, Helloworld Travel Limited (HLO) reported underlying EBITDA (earnings before interest, taxes, depreciation and amortisation) of $30.5 million for the first half of FY26, a 12.1 per cent rise on the same period last year, as wholesale growth and improving margins offset softer airfare conditions across Australia and New Zealand. Read more about that here.
Helloworld stores have marked several milestones of late, including expanding its Queensland presence in April.
KARRYON UNPACKS: Helloworld adding Peter Costello to its board signals the travel giant wants heavyweight economic and government expertise as competition intensifies.
