Helloworld has appointed Australian politician Martin Pakula as an independent non-executive director on its board.
A member of the Labor Party, Pakula stepped down as MP for Keysborough in the recent state elections in Victoria after serving six-and-a-half-year and 10-year terms as a member of the Legislative Council in the 2000s. As a member of the Legislative Assembly from 2013 to 2022.
the news continues Resignation of Andrew Finch From the Helloworld board earlier this month Qantas divestment at the company.
Finch is General Counsel and Group Executive of National Carrier.
“Mr. Pakula brings a wealth of experience across a variety of industries and the political spectrum,” said Garry Hounsell, Chairman of Helloworld.
“He has served the people of Victoria impeccably over the years and we look forward to his input on the ongoing development of Helloworld Travel.
Helloworld also announced its October trading update numbers, which improved from last month with monthly EBITDA of $3.2 million and total YTD EBITDA of $8.5 million.
Total traded value (TTV) for October was $227 million, yielding a YTD result of $788 million.
YTD revenues were $41.6 million, up 180% from the same period last year in continuing operations, representing a 5.3% earnings margin.
Based on these results, Helloworld reaffirmed its previous underlying EBITDA guidance for FY23. This is conditional on the business environment continuing to recover from the COVID-19 pandemic without a material adverse impact.
Featured Image: Twitter/@MartinPakulaMP