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Flight Centre Travel Group Ltd (FLT.AX)

FLT.AX on Australia Stock Exchange

29.28AUD
29 Mar 2017
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384,395
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$27.69

Latest Key Developments (Source: Significant Developments)

Flight Centre Travel says underlying FY17 PBT to be at lower-end or below initial guidance
Wednesday, 22 Feb 2017 05:28pm EST 

Flight Centre Travel Group Ltd : Believe that underlying FY17 PBT is likely to be at lower-end or below initial guidance, result between $300 million and $330 million is more likely . Recent india and china acquisitions are not expected to materially affect 2H results . Translation of uk results remains issue and yoy differences in average airfare prices are not yet narrowing to extent we anticipated .In line with normal seasonality in USA, stronger 2H results are expected; overall U.S. business to be profitable by end of month.  Full Article

Flight Centre Travel says half-year net profit after tax $74.4 million
Wednesday, 22 Feb 2017 05:20pm EST 

Flight Centre Travel Group Ltd : Half-year net profit after tax $74.447 million versus $116.7 million last year . HY revenue $1.250 billion versus $1.26 billion . FLT believes it is appropriate to amend its fy17 guidance to an underlying pbt between $300million and $330million . Directors declared a 45 cents per share fully franked interim dividend . Difficult to achieve accelerated 2h ttv and revenue growth that flt currently expect .Trading conditions globally remain uncertain, FX movements and airfare deflation may continue throughout 2H & slow bottom-line growth.  Full Article

Flight Centre Travel acquires corporate businesses owned by Edreams Odigeo
Monday, 26 Sep 2016 06:26pm EDT 

Flight Centre Travel Group Ltd : Flight Centre continues its expansion in Europe . Says the acquisition which will be cash-funded . Says acquired businesses are expected to turnover about euro 110 mln during their 2017 fiscal year . Secured presence in Sweden, Denmark, Norway, finland,germany through deal to acquire corporate businesses owned by eDreams Odigeo .Acquisition expected to be formally completed late in the first half of the 2017 fiscal year.  Full Article

Flight Centre Travel posts FY statutory Npat $244.6 million
Wednesday, 24 Aug 2016 06:22pm EDT 

Flight Centre Travel Group Ltd : Flight Centre Travel Group releases full year results . FY statutory npat $244.6 million versus $256.6 million . Says FY revenue $2.7 billion, up 11.2 percent . Final dividend 92 cents per share . Says "flt expects continued leisure growth globally " . Says relation to the trading environment at the start of FY 2017, conditions remain volatile in some markets, including the UK and the USA . In UK, brexit vote has adversely affected consumer confidence and demand for both corporate and leisure travel late in FY 2016 and at start of FY 2017 . In relation to FY 2017 profit expectations, co believes it is too early to provide meaningful guidance . Says "we will be disappointed if we don't improve on our FY 2016 performance" .  Full Article

FlexiGroup signs new agreement with Flight Centre Travel Group
Sunday, 7 Aug 2016 07:21pm EDT 

FlexiGroup Ltd : To initiate the program and commence operations FlexiGroup will make an investment of around $3M in FY 2017 . Says signed a new agreement with Flight Centre Travel Group to provide interest free finance to approved customers across Australia . Agreement has "potential to more than double the group's card business' revenue and profitability over the next several years" .  Full Article

Serko says Flight Centre partners with serko.travel
Tuesday, 5 Jul 2016 04:31pm EDT 

Serko Ltd : Flight centre partners with serko.travel . Says Flight Centre partners with Serko to complete panel of travel experts powering new sme travel app, serko.travel .  Full Article

Flight Centre Travel expects FY underlying PBT to finish about 2-5 pct down on PCP
Sunday, 22 May 2016 11:59pm EDT 

Flight Centre Travel Group Ltd : Expects to surpass its annual sales record by $1.4billion during 2015/16 as all countries/regions track towards new milestones . Underlying profit before tax (PBT) is, however, now likely to finish below the initial target for 2015/16 . Total transaction value for the year to June 30 2016 was expected to exceed $19billion globally . "Expects its leisure websites to deliver about $au1billion in ttv" . "Full year underlying PBT may finish about 2%-5% down on the $366.3million PBT recorded during 2014/15" .  Full Article

Flight Centre Travel made an offer to acquire studentuniverse.com group of companies
Tuesday, 15 Dec 2015 04:29pm EST 

Flight Centre Travel:Announced plans to significantly boost its presence in both the online and student and youth travel sectors.Says that it had made an offer to acquire the studentuniverse.com group of companies.Under the terms of the offer, which has been communicated to travelonomy's shareholders today, flt will pay $US28million for 100% of SU.Plans to use company cash to fund the acquisition, which is expected to be accretive to the company's earnings during 2015/16.  Full Article

Flight Centre Travel to acquire interest in worldwide aviation services in Malaysia
Sunday, 15 Nov 2015 11:49pm EST 

Flight Centre Travel:Secured a footprint in Malaysia by agreeing to acquire a 40% interest in worldwide aviation services.Says "business will be closely aligned to flt's operations in Singapore, which are headed by suyin Lee".  Full Article

Flight Centre Travel Group Ltd signs agreement to acquire corporate travel management business in Mexico.
Monday, 4 May 2015 07:04pm EDT 

Flight Centre Travel Group Ltd:Signs preliminary agreement to acquire corporate travel management business in Mexico.Legally non-binding agreement, which is subject to further due diligence and ratification by the FLT board, relates to Mexico City-based Koch Overseas de Mexico.Acquisition price has not been disclosed.  Full Article

More From Around the Web

Australia's Flight Centre blames airfare war for 36 pct profit drop

SYDNEY, Feb 23 Australia's biggest listed travel agent, Flight Centre Travel Group Ltd, cut guidance and reduced its dividend after unprecedented airfare discounting pushed it to a 36 percent half-year profit drop.