A subdued outlook from travel services giant Flight Centre left investors fearing that a booming aviation market is starting to cool, sending the company’s shares down almost a fifth on Friday.
The fall in Flight Centre’s share price came only days after Web Travel Group – a wholesale travel bookings business once part of Webjet – flagged a “subdued” start of the year, which pushed its stock 32 per cent lower.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
