Brokerages wary on Australia's Flight Centre despite Q3 rise, steady FY26 view

Flight Centre Travel

05/05/2026 20:52

** Corporate travel manager Flight Centre Travel FLT.AX posts a 6.8% rise in Q3 total transaction value to A$7 bln ($5.03 bln) on Tuesday

** Co says FY26 guidance for UPBT unchanged at A$315m–$350m

** Warns ongoing unrest, potential future fuel supply disruption impact not currently clear heading into key May-June trading period

BROKERS SEE LEISURE PLANS HIT TURBULENCE

** Citi sees no growth in leisure segment for co in both 2H26 and FY27, reduces PT to A$14.15/shr from A$16.75/shr

** Morningstar believes travel spending can bounce back from one-off external shocks; says FLT is a "solid player with an entrenched market position"

** Jefferies notes that the impacted Leisure segment still has to go through key trading period and there is downside risk for the same; reduces PT to A$15/shr from A$17.50/shr

** Jefferies and Citi upbeat on co's unchanged FY26 guidance, raise caution on potential FX translation of strong AUD flagged by co

($1 = 1.3916 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))