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Flight Centre Travel Group Ltd (FLT.AX)

FLT.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Flight Centre Travel Group continues European expansion
Monday, 15 May 2017 06:46pm EDT 

May 16 (Reuters) - Flight Centre Travel Group Ltd ::Agreed to acquire minority interest in 3mundi.  Full Article

Flight Centre Travel Group says acquired a 24.1 pct interest in Bibam
Tuesday, 11 Apr 2017 06:45pm EDT 

Flight Centre Travel Group Ltd : Today announced that it had acquired a 24.1% interest in Bibam, an Argentina- based travel and technology group . FLT will pay $US7million for its 24.1% stake in Bibam .During 2017 financial year, FLT expects its online leisure businesses to generate in order of $1billion in total transaction value (TTV) globally.  Full Article

Flight Centre Travel outlines plans to create a new global business
Friday, 31 Mar 2017 02:45am EDT 

Flight Centre Travel Group Ltd : outlined plans to create a new global business that will provide in-destination services to travellers. . plans, which are being implemented in conjunction with Vietnam's Thien Minh will see companies create a larger asia-based destination management company . plans to create destination management company (dmc) by combining TMG's Buffalo Tours business in Vietnam with smaller joint venture DMC businesses . services provided by dmc will include transfers, excursions and day-trips, arrangements for meetings and incentive groups . new asia dmc is expected to turnover about $us70 million and generate in order of $us5mln in earnings before interest and tax during 2017 calendar year . Tmg transfer Vietnam business into JV . FLT increase its holding from 49% of current jv to 58.5% of new business . plans,with Vietnam's Thien Minh , will see cos acquire or launch similar businesses in other regions in short to medium-term to create a world-wide dmc network . agreements are in place for flt to increase its holding further in 2018 .agreements are in place for TMG to invest in global DMC offering that companies plan to create in short to medium term.  Full Article

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

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BRIEF-Flight Centre Travel Group continues European expansion

* Agreed to acquire minority interest in 3mundi Source text for Eikon: Further company coverage: