The company’s half-year results in Feb suggested underlying EBITDA for FY25 would be between $56-$62 million, however an update this week has revised the range to $52-$56 million, subject to no material adverse change in operating conditions in 2025.
Outbound volumes to the US are broadly holding in line with expectations, HLO noted, adding air sales are only marginally down on the previous year.
The United States also remains HLO’s number one destination for land sales, piling on 4% in yearon-year growth. Outside of North America, the company has seen sales to Europe and the UK drop by 3% on last year, while total air sales to NZ also decreased by 2.1%, with margins holding steady.
In encouraging news, HLO’s wholesale arms are performing well, with sales in Australia up 30% to the end of Apr, while NZ wholesale is up over 40%.
Cruise sales have continued to increase over the year, with 40% growth noted across its top 20 destinations and cruise lines, while total forward bookings for FY26 are also experiencing 15% growth as at the end of Apr.
Meanwhile, 96% of agents across the networks have resigned for terms of between one and five years, allowing HLO to maintain 2,700 members in its franchise, buying group and travel broker networks across ANZ. A further 10 new agencies are expected to open during the first half of FY26.
