Morgan Stanley cuts PTs on Australian travel cos on geopolitical uncertainty

Web Travel

11/04/2025 04:32

** Morgan Stanley trims PT for three Australian travel intermediaries, citing headwinds for industry amid increased geopolitical uncertainty

** Cuts PTs on Flight Centre Travel Group FLT.AX to A$16.60 from A$21.50, on Corporate Travel Management CTD.AX to A$15.30 from A$18.30, on Webjet WEB.AX to A$3.40 from A$3.70

** Says corporate customers concerns over heightened uncertainty, impact on leisure demand are valid

** FLT, CTD, WEB fall between 3.5% and 5.6% amid broader global market downturn as sentiment sours on trade war

** S&P/ASX 200 .AXJO sheds 1.5% .AX

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))