CTD has been a stellar performer since their IPO in 2010. Jamie Pherous shares an update about the last 12 months and beyond. Show More
travel
Online travel agent Webjet (WEB) has been a phenomenal performer with the share price up over 300% in the last three years, compared to the ASX Small Ords Accumulation Index which is up 60% (obviously not a return to be baulked at either!). Show More
India Avenue conducted its inaugural Grassroots Tour of India over 3 days from March 11th to the 14th. The tour included nine delegates from Australia and the Pacific with the purpose of exploring India as a long-term investment opportunity as well as myth-busting some antiquated stereotypes. We travelled to Mumbai... Show More
In the latest Morgans "40 under 40" podcast series, I sit down with Chris Steiner, Age 38, from Flight Centre to talk about his 15 years plus at the company as well their approach to the startup sector and their continual innovation with technology. Show More
Flight Centre (ASX: FLT) announced a downgrade to its forecast profit guidance on Monday. The company said it now expects full year underlying profit before tax (PBT) to be down approximately 2% to 5% on last year’s result of $366.3 million, which is below the initial guidance of a 4%... Show More
We have often discussed market power as a driver of competitive advantage. Last week a major player in the travel industry launched a campaign to assert dominance, which, if successful, could have profound implications for Flight Centre (ASX: FLT) and Webjet (ASX: WEB). Show More
John O’Shea one of our Senior Research Analysts talks about the key themes impacting the Travel & Tourism sector and how they have evolved materially over the last 6-12 months. In general terms, these themes have enhanced the growth outlook for the sector (hence the large number of Buy ratings).... Show More
Wilson Asset Management: The global opportunity for CTM is huge. Corporate Travel Management, which floated at a valuation of just $70m back in 2010 is now worth more than $1bn and competing for top tier corporate travel accounts against the likes of Flight Centre. Chris Stott, the CIO at Wilson... Show More
Sydney Airport has announced a 7.3% increase in earnings before interest, tax, depreciation and amortisation to $910 million from $848 million previously. The result was ahead of the market's expectations which centred on EBITDA of $895 million. The last 12 months have seen SYD accomplish a number of significant milestones,... Show More
Global travel agent Flight Centre Travel Group Limited (FLT) has lifted its first half profit by almost 21% to a record $110.8 million due to network expansion, enhanced in-store productivity and improved sales in both corporate and leisure markets. Watch the full report here: Show More