On Wednesday, Flight Centre (ASX: FLT) announced it had strengthened its presence in North America through the acquisition of a leading Quebec based travel company Les Voyages Laurier du Vallon. This announcement followed several bolt on acquisitions made over the past few months as Flight Centre looks to boost its presence in offshore markets. We are positive around the outlook for Flight Centre as we anticipate improving yields for airline ticket prices, cost and productivity savings. Shares in Flight Centre closed up 6.2% for the week. We own Flight Centre as a market-driven investment in WAM Capital and WAM Active.