Flight Centre Travel Group Ltd
Flight Centre Travel Group Limited is a travel retailer and corporate travel manager.
The business
Flight Centre Travel Group Limited is a travel retailer and corporate travel manager. The Company's principal activities consist of leisure travel retailing and corporate travel management, plus in-destination travel experience businesses, including tour operations, destination management companies (DMCs) and wholesaling. It also provides meetings and events agency services. The Leisure segment combines the retail storefront and online brands for retail customers, luxury travel brands Travel Associates and Scott Dunn, independent agents and complementary offerings. The Corporate segment includes the FCM brand, corporate traveler and other corporate customer brands. The Global HQ segment includes Brisbane-based and other support businesses, including Supply, that support the global network and also includes In Destination activities which incorporate touring and ground-handling. Its brands include Flight Centre, Aunt Betty, ignite, and Scott Dunn, among others.
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Latest news
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 […]
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