Australia's Flight Centre gains, Jefferies upgrades to 'buy' on Asia rebound

Flight Centre Travel

13/11/2025 24:33

Updates

** Shares of Australia's Flight Centre FLT.AX rise as much as 4.3%

** FLT has materially underperformed travel peers and looks compelling given the strength of its corporate division and increased certainty around FY26 growth, analysts at Jefferies say

** Brokerage upgrades stock to "buy" from "hold" and raises PT to A$14.00 per share from A$13.50 apiece

** Confirmation that Asia business returning to profitability acts as a material tailwind in the second half of FY26, after it posted A$22 mln loss in FY25 — Jefferies

** FY26 forecast for pretax profit of A$305 mln - A$340 mln ($198.19 mln - $220.93 mln) implies 5.5%-17.6% year-on-year growth, with first-half earnings tracking ahead of the prior year as corporate strength offsets leisure weakness — brokerage

** 12 of 15 analysts rate the stock "buy" or higher, 3 "hold" — data compiled by LSEG

** Stock down about 24% YTD

($1 = 1.5389 Australian dollars)

(Reporting by Rajasik Mukherjee & Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))