Jefferies raises Aussie Flight Centre Travel's PT after Iglu buy, FY26 outlook boost

Corporate Travel Management

10/12/2025 20:43

** Jefferies lifts Flight Centre Travel's FLT.AX price target after the travel agency snapped up UK cruise agency Iglu and raised its FY26 profit outlook

** Brokerage raises price target to A$15.50 from A$14 while keeping "buy" rating

** Flags structural headwinds in the leisure travel segment but backs co's push into less commoditised categories such as luxury and cruise

** Jefferies sees upside from corporate market-share gains as rival Corporate Travel Management  CTD.AX grapples with challenges

** As of last close, FLT is down 16.3% YTD, while CTD has surged 21.3%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))