The Melbourne-based company cut operating losses for the calendar year 2022 to £14 million, down from a deficit of £33 million in 2021.
Intrepid said the 2022 loss had occurred in the first half of the year when Omicron affected travel. “Intrepid went on to generate a profit in the second half of the year and the business now has a goal to achieve a pre-tax profit of above pre-pandemic levels in 2023,” it said in its annual report.
It added: “This reflects the resilience of Intrepid’s business model, the rapid recovery in the global travel industry and the growing global demand for sustainable and experiential travel.”
