Skip to main content

Flight Centre Travel Group acquires Iglu ending two-year search for buyer

Agents
Harry Kemble
10 December 2025

Flight Centre Travel Group (FLT) has bought online travel agency Iglu for an upfront payment totalling £100 million and up to £27 million in performance-based earnouts.

David Gooch and Iglu team
Credit: Iglu

Iglu chief executive David Gooch will continue to lead the Iglu team post-acquisition (Credit: Iglu)

The deal includes all three of the company's brands – Iglu Cruise, Planet Cruise and Iglu Ski – and is expected to be concluded on Thursday (11 December).

With Iglu joining FLT and its growing number of brands, FLT's cruise-related total transaction value (TTV) is expected to almost double to surpass $2 billion during its financial year 2026 – two years ahead of plan.

Cruise sales at FLT and Iglu have jumped between 15% and 20% year-on-year, thanks to a "a resilient customer base and a supply chain that is investing heavily in new ships and partnerships", the FLT announcement to the Australian Securities Exchange said.