Flight Centre in the departure lounge
After an incredibly turbulent few years, we’re preparing to part ways with this long-term travel buddy. All up, it’s been a profitable journey.
Flight Centre's abrupt ascent
We knew the company’s previous 2010 financial year forecast – for pre-tax trading profit of $125m to $135m – was undercooked. But we didn’t quite realise by how much.
A new perspective on Flight Centre: Part 3
Over the past few issues, we looked at how this travel business has morphed over the past five years. Here, we take out our crystal ball to see what the next five years might bring.
A new perspective on Flight Centre: Part 2
Having analysed this company’s traditional ‘cash cow’ last issue, we now examine the competitive position and economics of its rising ‘star’.
A new perspective on Flight Centre: Part 1
The travel business has changed markedly over the past five years, presenting significant threats and opportunities for Flight Centre. We’ve undertaken a reappraisal over the past few months, resulting in this three-part analysis.
Investors forgive Flight Centre
The share price of this travel company is up a whopping 290% in five months. The recent results were good, but perhaps not that good.
11 Aug 09 - Reporting wrap
Today saw a profit update from Flight Centre as well as a report from one of our favourite blue chips, Cochlear, among a number of others.
Ho-hum on Flight Centre's ascent
In Gareth Brown’s absence, James Greenhalgh has taken a look at Flight Centre’s result update. And he’s wondering why the market got all excited.
Flight Centre price recovery sparks downgrade
This travel retailer’s share price has jumped significantly over the past three months, and we’re downgrading our recommendation as a result.
Flight Centre's American blowout
Management must now regret the late 2007 acquisition of US company Liberty Travel. Shareholders certainly do. But today’s price for the stock remains too cheap.
Flight Centre's loss of Liberty
There wasn’t much to cheer about in the latest profit result from this travel company. But bad news is already factored into the share price.
Flight Centre gloom is just the ticket
With a global recession looming, a struggling Australian dollar, terrorism in India and political strife in Thailand, there are plenty of reasons to worry about Flight Centre – and it has all combined to provide a great opportunity.
Flight Centre gets an upgrade
This travel business has given us a few bites of the cherry over the years, and late 2008 is shaping up as another tasty opportunity.
Flight Centre delivers the good stuff
This travel retailer has delivered a cracking result, but you wouldn’t know that from reading the papers. After years of bullish claptrap, the media has become pervasively bearish.
Profits soar at Flight Centre
This travel business has gone from strength to strength over the past 18 months. Just ignore the stock price and focus on the prodigious profits.
Flight Centre's love of Liberty
For some time Flight Centre has been looking at a large US acquisition. Now it's been announced, it seems to stack up, without any 'synergies' mumbo jumbo.
Flight Centre: Nur Bares ist Wahres
Austrian shopkeepers say that 'only cash is the truth'. It's something that's worth bearing in mind when examining Flight Centre's latest results, especially if you followed our Buy recommendation of two years ago.
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