FLT -6.65%: Was hit today after saying that their FY EBITDA will be a loss of $195-$225m despite seeing positive trends in recent months. They talked to a strong recovery from late January/early February as Omicron concerns abated & as travel restrictions ease with their global corporate business profitable in March. Their leisure business is close to breakeven in March & expected to recover further during Q4 while they see large potential upside, particularly in US, with many customers just resuming travel programs. They sighted a lack of capacity on international routes out of Australia as an issue currently, however that’s expected to ease during 4Q. Clearly a turnaround happening, just taking longer than expected, plus don’t forget about the hugely dilutive equity raise they were forced to do during Covid.
scroll
Question asked
Question asked
Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
Close
Performance for February & 4 stocks we like here and now
Close
Thursday 28th March – DOW up +477pts, SPI up +60pts
Close
MM prefers QAN to FLT in the travel sector
Add To Hit List
Related Q&A
Thoughts on Flight Centre (FLT) SPP please
What do you think about the FLT SPP
Relevant suggested news and content from the site
Podcast
LISTEN
Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
Daily Podcast Direct from the Desk
Video
WATCH
Performance for February & 4 stocks we like here and now
Recorder Friday 8th March
Podcast
LISTEN
Thursday 28th March – DOW up +477pts, SPI up +60pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.