Flight Centre's Share Price Falls on Mixed Outlook
Dow Jones
1 hour ago
0106 GMT - Flight Centre's outlook looks mixed to Jefferies. The Australian travel agent highlighted signs of recovery in early FY 2027 trading. Its Leisure business posted a record total transaction value in July, surpassing the pre-pandemic 2019 peak. Leisure's July profit was its strongest since 2015. Analyst Michael Simotas says this suggests Flight Centre can claw back a meaningful part of the A$60 million drag on its FY 2026 profit in Leisure from the Middle East conflict. On the downside, pretax profit in Flight Centre's Corporate business is expected to be 2H-weighted given forward investment. Flight Centre falls 4.2% to A$12.41.
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