Flight Centre Travel Group Ltd
FLT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$52.00 | Zlzy | Jggmthz |
Flight Centre Earnings: Pandemic Turnaround Progressing
No-moat Flight Centre’s fiscal 2024 profit before tax, or PBT, of AUD 320 million came in at the middle of management’s guidance range. However, revenue of AUD 2.7 billion missed our estimate by 8%, mostly due to lower-than-forecast revenue margins in the US and Europe segments.