Flight Centre Travel Group Ltd
Boomer spending boost could fuel domestic tourism bonanza
Could the combination of a lower Australian dollar, higher interest rates and big spending boomers produce a domestic tourism bonanza? It is an interesting question given some of the recent evidence that higher interest rates are already producing higher spending by those aged above 50. Actual spending information is much better than spending intentions and […]
Flight Centre upgrades forecast FY23 profit guidance based on recovering market
Flight Centre Travel Group (ASX: FLT) has announced an upgrade to its profit guidance for the 2023 financial year. Based on preliminary trading data, the business now expects to report underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of between $295 million and $305 million for the 12 months to end June. The new […]
Australia’s major banks raise rates, Flight Centre reopens 35 stores and Perpetual rejects $1.7b takeover
Australia’s four major banks, Commonwealth Bank (ASX: CBA), National Australia Bank (ASX: NAB), Australia and New Zealand Banking Group (ASX: ANZ), and Westpac (ASX: WBC) have announced increases to home loan rates by 25 basis points this month. The move follows the Reserve Bank of Australia’s hike, seventh in as many months, which raised the […]
Which travel and tourism stocks look good ahead of Australia’s ‘Great Reopening’?
Ahead of The Great Reopening – terms and conditions apply – investors pre-emptively have been piling into the travel and tourism faves such as Flight Centre (ASX: FLT), Webjet (ASX: WEB) and Qantas (ASX: QAN). There’s nothing wrong with that, especially given the travel agents have a heavy presence in offshore markets where the malevolent […]