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Flight Centre Travel Group Ltd - Stock Quote FLT

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Morningstar's Flight Centre Travel Group Ltd Stock Analysis

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Corporate Travel Thematic: Better Than Good or Too Good to Be True?

Brian Han Director

Analyst Note

| Brian Han |

Shares in Corporate Travel and Flight Centre are trading at a premium to our fair value estimates, by 11% and 27%, respectively. Investor expectations for travel recovery are building. In the leisure space, pent up demand is bursting at the seams, as was evident in the horrendous Disney theme park-like queues at the airport check-ins during the recent school holidays and Easter break in Australia. Corporate travel bookings are trending up, for instance, at more than 60% of pre-COVID-19 levels for Amex GBT as of early April 2022.

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Flight Centre Travel Group Ltd's Company Profile

Business Description

Flight Centre Travel is one of the biggest travel agencies in the world. It operates an extensive network of shops globally, most of them located in Australia, the United States, and Europe. The group participates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

275 Grey Street, South Brisbane
Brisbane, QLD, 4101, Australia
T +61 730830088
Sector Consumer Cyclical
Industry Travel Services
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 8,947