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Flight Centre Travel Group Ltd - Stock Quote FLT

Morningstar's Flight Centre Travel Group Ltd Stock Analysis

Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Flight Centre Reports Another Big Loss in First-Half Fiscal 2022

Brian Han Director

Business Strategy and Outlook

| Brian Han |

A wave of COVID-19-induced damages has been inflicted on Flight Centre since March 2020. Government restrictions on travel and border control (international, domestic), grounding of airline capacity and strict lockdown measures on consumers have created an unprecedented squeeze on the group. We believe the measures to execute a drastic reduction in costs (cuts to store network/leases, staff, marketing), combined with the AUD 700 million equity capital raising in April 2020, is enough for the no moat-rated group to weather the malaise.

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Flight Centre Travel Group Ltd's Company Profile

Business Description

Flight Centre Travel is one of the biggest travel agencies in the world. It operates an extensive network of shops globally, most of them located in Australia, the United States, and Europe. The group participates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

275 Grey Street, South Brisbane
Brisbane, QLD, 4101, Australia
T +61 730830088
Sector Consumer Cyclical
Industry Travel Services
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 8,947