Analysis of AMP, BHP and Flight Centre
Fund Manager Chris Pedersen discusses AMP, BHP Group and Flight Centre Travel Group.
Watch Now
The Flight Centre Travel Group Limited (FLT) is one of the world’s largest travel groups and now has more than 20,000 people across the globe. The company’s vast leisure and corporate travel sales network now extends throughout four major regions:
Australia and New Zealand
The Americas, specifically the United States, Canada and Mexico
EMEA (the United Kingdom, South Africa, Ireland, the Netherlands, Germany, Denmark, Sweden, Norway, Finland and the United Arab Emirates); and
Asia (Greater China, India, Singapore and Malaysia)
In addition, FLT’s global corporate travel management network, FCM Travel Solutions, extends to about 75 other countries through strategic licensing agreements with independent local operators. After starting with one shop in the early 1980s, FLT has enjoyed remarkable ongoing growth under its founder and CEO, Graham “Skroo” Turner.
The company now has more than 30 brands, including the flagship Flight Centre leisure travel brand and Liberty, the iconic US travel agency group. Key corporate brands include Corporate Traveller and FCM.
FLT has been listed on the Australian Securities Exchange since 1995 and currently has a market capitalisation in the order of $AU 5 billion, making it an ASX S&P 100 company.
The company has twice been judged Australia’s best employer, in addition to claiming a number of other employer and travel agency awards in Australia and overseas.
During the 2019 fiscal year, FLT generated a record $AU 23.7 billion in total transaction value and delivered a $AU 343.1 million underlying profit before tax.
Fund Manager Chris Pedersen discusses AMP, BHP Group and Flight Centre Travel Group.
Watch Now
For such a strong (but well-guided) annual result, the 2.9% rise for Flight Centre Group (ASX:FLT) shares on Wednesday seemed appropriate.
Read More
Shares in travel giant Flight Centre (ASX:FLT) fell more than 8% on Wednesday morning after the company issued what investors perceived as a downgrade, tempered with weak news.
Read More
Flight Centre (ASX:FLT) shares experienced a nearly 3% decline at one point yesterday, despite the company unveiling a better-than-expected performance for 2022-23 as travel rebounded to pre-pandemic levels across most markets in Australia and internationally.
Read More
Tuesday's ASX session saw news from infant formula manufacturer Bubs Australia that led to a big selloff, as well as word of an acquisition by travel group Flight Centre.
Read More
Quiet confidence of a full recovery in the tourism industry from both Flight Centre and Qantas on Thursday, the latter of which backed up its upbeat words with a $400m buyback.
Read More
Travel agency group Fight Centre has narrowed its forecast loss for the year to June in a trading update issued Monday, a month or so it before it reveals its full 2021-22 figures.
Read More
The target price falls to $19.60 from $20.34, while the Hold rating is maintained.
Read More
A number of leading retailers of all sizes presented trading updates to the Macquarie investment conference yesterday. Some numbers were solid but investors remained unimpressed.
Read More
The circumstantial siege that has beset the travel sector since Covid emerged in 2020 shows no signs of letup, just as it seemed some light was breaking through at the end of the tunnel.
Read More
Despite revealing that it is selling more international tickets than domestic ones for the first time since the start of the pandemic, Flight Centre saw 4% carved off its share price in Wednesday’s trading session.
Read More