Flight Centre: Result 2014

Flight Centre is going back to where it all began, on the top deck of a double-decker London bus.

Overshadowing this morning's annual result from Flight Centre is the news that it is returning to its roots with the acquisition of 90% of Topdeck Tours for up to $42m (an implied value for the whole of £26m, or about $46m).

Flight Centre founder, 15% shareholder and managing director Graham Turner famously started Topdeck in Earls Court, London, in 1973, with an old double-decker London bus to take (what we would now refer to as) backpackers around Europe.

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