FLT 2.09% $20.47 flight centre travel group limited

Why so terrible? This is a global business with many moving...

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    Why so terrible? This is a global business with many moving parts. It has enormous operating leverage. That means that if your costs go up, even a little, in a year that your revenues go down, even a little, the impact on profits can be very large. With all those moving parts, it must be awfully hard to ensure that costs always move in lock-step with income, wouldn't you say?

    But in this "terrible" period, staff numbers went up, but TTV and even income, went up on a per staff basis.

    Time to bale?
 
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