Jefferies yet to see margin improvement on Flight Centre despite travel recovery

Flight Centre Travel

17/08/2023 20:13

** Analysts at Jefferies remain wary on margins for
Australia's Flight Centre Travel  FLT.AX  given its revenue
margins have yet to improve
    ** Brokerage says international travel recovery accelerated
sharply in June, at about 97% of pre-COVID levels
    ** Expects total transaction value for deals on major Aussie
aviation and travel companies like Qantas Airways  QAN.AX  and
FLT to continue to approach pre-COVID levels
    ** Adds leisure market in the country is recovering quickly
which might aid major companies in the sector
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))