One year of record returns was a nice surprise, but a second and a third and now a fourth – that’s just bloody awesome.
Airline employees aren’t the only ones financially benefiting from their company’s surplus this year, because Travellers Choice is also giving its network members a slice of the profit… again!
The group announced it’s giving its shareholders (which are exclusively the network’s members) record dividends for the fourth year in a row to mark the company’s fourth consecutive year of record profits.
Travellers Choice reported its pre-tax operating profits for the 2015/16 year jumped 13 percent on the previous 12 months to $2.10 million.
Some 95 percent of the 2015/16 profit will be returned directly to the national retail network’s members. They’ll receive 25 cents per share, while the rest of the profit is distributed through trading rebates based on sales support for Travellers Choice’s suite of airline and wholesale partners.
Including the latest profit distribution, during the year Travellers Choice returned more than $2.47 million in additional commissions, incentives and overrides directly to its members – a 15 percent increase on 2014/15. This is over and above the supplementary override commissions members earned at source.
If that’s not enough to attract new members, Travellers Choice Managing Director Christian Hunter said the company’s model of low fees, extensive support services and a unique ownership structure is an appealing proposition for consultants.
Unsurprisingly, he expects new members to join the business over the next 12 months and beyond.
