Morningstar warns on Australia's Flight Centre outlook if Middle East conflict persists
28/05/2026 20:28
BUZZ-Morningstar warns on Australia's Flight Centre outlook if Middle East conflict persists ** Analysts at Morningstar say Australia's Flight Centre Travel's FLT.AX falling business confidence, higher airfares could affect short-term earnings if the U.S.-Iran conflict persists
** Travel retailer said on Tuesday the Middle East tensions heavily impacted its early Q4 results
** Morningstar sees current turbulence as temporary for Flight Centre Travel
** Financial services firm maintains fair value estimate of A$18.50 for FLT
** Adds it is confident in FLT's longer-term earnings growth through incremental improvements in productivity measures and growing new revenue streams in leisure and corporate travel segments
** As of last close, stock down 32.7% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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