Flight Centre Travel Group Ltd

FLT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$92.00	Ygnh	Lkfwfvs

Flight Centre: Both Business and Leisure

Brian Han

Jul 10, 2024

Shares in Flight Centre are trading in line with our AUD 21 per share fair value estimate. However, they remain volatile due to perceptions of the group as a leisure-centric travel intermediary. That isn't surprising, given Flight Centre’s roots and the brick-and-mortar-fueled brand strength. At its peak in 2019, it had more than 1,600 shops in Australia and 1,200 overseas.

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