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Flight Centre has been one of the travel companies negatively impacted by the coronavirus pandemic, as strict travel bans have left the company unable to operate as normal and resulted in mass staff redundancies and office closures. Its share price has dropped significantly as a result, falling more than 70% in a matter of weeks to its lowest levels since 2009 (as of March 2020). As a result the company announced the cancellation of its interim dividend on 23 March 2020, set to be 40 cents a share, to save the company more than $40 million.
Flight Centre Travel Group (FLT) is the largest retail travel agency in Australia with almost 3000 offices around the country. Its most well-known brand, Flight Centre, helps Australians book domestic and international travel including fights, travel packages, hotels, travel insurance, cruises and tours. Other popular travel brands owned by Flight Centre Travel Group are Student Flights and Topdeck.
Standard brokerage - Australian shares
Competitive broker fees on Australian and international shares
Important: Share trading carries risk of capital loss.
This is not a recommendation, it represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Flight Center (FLT) is a leading Hotels, Restaurants & Leisure business based in the Australia. Flight Center (FLT) is listed on the ASX and employs 19993 staff.
|Industry||Travel Services||Currency symbol||A$|
|Type||Common Stock||Country ISO||AU|
|Name||Flight Centre Travel Group Limited||ISIN||AU000000FLT9|
|Currency code||AUD||Sector||Consumer Cyclical|
|Currency name||Australian Dollar||Full-time employees||19993|
Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel sectors in Australia, New Zealand, Europe, the Middle East, Africa, the Americas, Asia, and Internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries. It also supplies products to its national and international network, or travel retail outlets. In addition, the company offers other travel related services, including foreign currency exchange and travel academies; recruitment marketing and bike retailing; and employee benefit services. It provides its services primarily under the Flight Centre brand, as well as other travel brands, such as Student Flights, Travel Associates, My Adventure Travel, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, cievents, and Campus Travel. The company was formerly known as Flight Centre Limited and changed its name to Flight Centre Travel Group Limited in November 2013. Flight Centre Travel Group Limited was incorporated in 1987 and is headquartered in Brisbane, Australia.
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