ASX Announcements
Market Sensitive
AGM Presentation (Inc. Trading Update and Profit Guidance)
Profit Guidance, Company Presentation, Trading Update
- Nov 14, 2024
- 44 pages
Market Sensitive
CEO's AGM Address (inc. trading update & profit guidance)
Profit Guidance, Trading Update, Chairman's Address - Other
- Nov 14, 2024
- 8 pages
October
Cruise passengers skew younger as Flight Centre gets aboard UK outfit
A post-pandemic surge in cruising has driven the average age of cruise ship customers much lower.
- Ayesha de Kretser
Flight Centre shares follow rivals sharply down as travel demand falls
The boom in post-pandemic travel is over, with stocks feeling the brunt of the recession in demand and falling airfares as Qantas adds back capacity.
- Ayesha de Kretser
August
- Results Wrap
- Chanticleer
McLachlan just reset Tabcorp’s strategy. It’s smart, but painful
Tabcorp resets investors expectations yet again, Flight Centre’s Graham Turner provides his verdict on airfares, and APA braces for regulatory change.
- Updated
- James Thomson and Anthony Macdonald
Flight Centre reveals who is travelling (and who isn’t)
The travel booking company has streamlined and boosted efficiency and says the corporate travel segment is still weak but it’s still winning market share.
- Ayesha de Kretser
July
Qantas hopes downturn doesn’t extend to business class
Fears of a lull in demand sent airline stocks lower across the globe, but wealthier older travellers appear to be prioritising spending on more expensive seats.
- Updated
- Ayesha de Kretser
Why only four execs have kept spot on rich bosses list over decade
Chris Ellison, Graham Turner, David Teoh and Gerry Harvey have maintained their positions while some of their richer peers of yesteryear have bowed out.
- Sally Patten and Patrick Durkin
February
- Opinion
- Chanticleer
What we learnt: Flight Centre, Worley, Clinical Labs and Kelsian
Flight Centre rides the friendly skies, Worley cauterises a wound, Clinical Labs backs rival’s blood test move, and Kelsian delivers a miss.
- James Thomson and Anthony Macdonald
New player in market set to spark fare wars to Europe
Turkish Airlines will start flying direct into Melbourne (via Singapore) two weeks sooner than previously announced - igniting consumer hopes of better prices.
- Fiona Carruthers and Ayesha de Kretser
January
- Analysis
- Bulls & bears
Travel bulls still buying Webjet’s B2B growth story
Webjet is flying high despite concerns about the economy as it carves out a niche as an intermediary between businesses and hotels.
- Ayesha de Kretser
- Analysis
- Short-selling
Short sellers crowd lithium companies to start year
But some of the country’s biggest hedge funds are saying conditions are still tough to make money betting against stocks.
- Jemima Whyte
December 2023
Airfares are falling fast, but not to every city
Travellers looking for a reprieve on prices for their European summer soirée will have to keep waiting, or redirect their trip to New York.
- Ayesha de Kretser
November 2023
The factors that could block Flight Centre’s resurgence
The global travel agency says transactions have been rising after the pandemic. But the bigger question among the bears is whether its profit margin can hit a lofty target.
- Liam Walsh
Catherine King really is the minister for higher airfares
She says she wants Qantas to do better by customers. But platitudes are easy for politicians. What they actually do with their immense power matters far more.
- Updated
- Myriam Robin
King is the ‘minister for higher airfares’: Flight Centre boss
The travel industry is still stinging about a decision to block additional flights from Qatar Airways, which was seen as a boost to Qantas.
- Liam Walsh
How Aussies with a party bus turned Top Deck into a 50-year business
Flight Centre boss “Skroo” Turner was in London for the half-century birthday bash of his coach-tour company. A new film breathes life into its origin story.
- Hans van Leeuwen
October 2023
99 Bikes parent valuation pummeled after lockdown boom
An oversupply of bicycle stock has hit profits at Pedal Group, the cycling venture partly owned by Flight Centre.
- Liam Walsh
September 2023
Airlines wasting half their capacity: Sydney Airport boss
Sydney Airport has accused airlines operating out of the United Arab Emirates of wasting almost half of the capacity they have been awarded – some 84 flights every week.
- Ronald Mizen and Ayesha de Kretser
Business class to London from $3793? Airfare relief is coming
Sky-high airline prices have angered people desperate to see more flights allowed in, to drive down cost. The Qatar Airways controversy aside, other carriers are helping ease the pain.
- Fiona Carruthers
August 2023
- Opinion
- Chanticleer
Flight Centre gets 52pc more out of each employee
Flight Centre has found a way to do more with less, proving it didn’t waste its crisis moment. Other companies are now scrambling to find ways to boost productivity.
- Anthony Macdonald
Flight Centre reinstates dividend as earnings and sales soar
The diversified travel agent has started the 2024 financial year strongly and will return capital to shareholders that supported the company through COVID-19.
- Ayesha de Kretser