FLT 0.32% $21.61 flight centre travel group limited

Ann: FLT Amends FY24 Guidance Range, page-8

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  1. 4,287 Posts.
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    TTV very much in line with what was expected. Pre-tax margin seems a little softer than what I was anticipating(#). All in all, however, seems a strong reaction on pretty much no news, which perhaps reflects the fact that expectations had gotten a little ahead of themselves.

    (#): And I wouldn't be lending too much weight to management's statements about PBT margins reaching or exceeding the 2% target in H2 or Q4, as this is always seasonally strong.
    Last edited by MarsC: 24/07/24
 
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