The trajectory of Corporate Travel Management’s share price over ten years is bumpier than flying through a hurricane in a Cessna. The company that’s had plenty of fans and a legion of detractors is now feeling the negative glare of both the Australian and UK governments.

It’s a long way back from this level of scrutiny and controversy.

The company, which is one of Queensland’s largest, is now facing its existential crisis – a tail spin from which it will be difficult to pull out due to accusations of overcharging. These governments are big and influential customers with the means and power to get answers.

This week Corporate Travel Management was belatedly hit with a “please explain” note from the Australian government, whose travel management contract it looks after and which is up for renewal in 2027.

Corporate Travel Management chief executive Jamie Pherous, and a barge in England, part of a contract with Corporate Travel Management.Credit: Getty, Attila Csaszar

A letter from Australia’s federal finance department has

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