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)
Recent news on Morningstar
See all newsAustralia's Magellan Financial hits 1-1/2-year low; Morningstar cuts fair value estimate on weaker outlook
Street View: Philip Morris to weather cost hit as smoke-free revenue growth in focus
Pressure on lower-income US households raises delinquency risks, Morningstar DBRS says
UK gilt investors expect budget to pass without market drama, Morningstar says
UK gilt investors expect budget to pass without market drama, Morningstar says