Flight Centre Travel Group Ltd
FLT: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.g | LOCK|^N | LOCK|#d#tC%& |
Flight Centre Shares Showing Value
Business Strategy and Outlook
A wave of covid-19-induced damages has been inflicted on Flight Centre since March 2020. However, the measures to execute a drastic reduction in costs (cuts to store network/leases, staff, marketing), combined with the AUD 697 million equity capital raising in April 2020 and the subsequent rapid recovery in travel activities, have stabilized the no-moat-rated group.
