Flight Centre Travel Group Ltd

FLT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Flight Centre: Flexing Controllables to Navigate Unknowables

Brian Han

Nov 12, 2025

Flight Centre provided fiscal 2026 underlying profit before tax guidance range of AUD 305 million to AUD 340 million, implying growth of 6% to 18%. However, PBT is likely to be skewed to the second half, with the first half tracking in line with the AUD 120 million achieved a year ago.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Flight Centre Travel Group Ltd

Flight Centre: Flexing Controllables to Navigate Unknowables

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