Flight Centre's Momentum Keeps Bull Onside -- Market Talk

Dow Jones

2025/02/28

0122 GMT - Flight Centre's strong recent momentum keeps the Australian travel agent's bull at Macquarie onside. The ASX-listed company's underlying profit was about 9% lower than Macquarie analysts had anticipated over its fiscal first half, but the decline was heavily weighted toward the first quarter. The analysts point out in a note to clients that underlying profit actually rose 14% in the second quarter and that management says momentum is continuing in both leisure and business into its second half. Macquarie keeps an outperform rating and A$22.34 target price on the stock, which is down 0.25% at A$16.18. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 27, 2025 20:22 ET (01:22 GMT)

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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 20:22 ET (01:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLT.AU","symbol_name":"FLIGHT CENTRE TRAVEL GROUP L","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514365542","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514365542","pubTimestamp":1740705720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0122 GMT - Flight Centre's strong recent momentum keeps the Australian travel agent's bull at Macquarie onside. 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