Flight Centre: Interim result 2014

The travel retailer's first-half result goes some way to allaying our concerns about the lower Aussie dollar.

If the weaker dollar is going to discourage Australians from travelling abroad, there wasn’t much sign of it in Flight Centre’s latest half-year result. In fact, the company pointed to data from the Australian Bureau of Statistics showing that outbound travel actually accelerated from 4% to 8% on an annualised basis as the A$ fell between April and August last year, and that it has remained close to that level since.

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