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Asia

Flight Centre Travel Group's Fiscal 2026 a Slight Miss Due to Leisure Segment Data, Foreign Exchange, RBC Capital Markets Says

Flight Centre Travel Group's (ASX:FLT) fiscal 2026 was a slight miss, impacted by worse-than-expected leisure division data and foreign exchange, RBC Capital Markets said in a Wednesday note.However, the leisure segment appears to be back with record July total transaction value (TTV) above its pre-COVID-19 peak and the strongest profits since July 2015. Underlying profit before tax was adversely impacted by AU$5 million due to unfavorable foreign exchange translation.Meanwhile, the corporate division beat expectations in fiscal 2026. In fiscal 2027, the division will see a second half skew due to foreign exchange, front-loaded expansionary costs, and win timing.The brokerage reaffirmed Flight Centre with an outperform rating and a price target of AU$14.The travel group's shares tumbled 8% in recent Wednesday trade.

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Asia

Flight Centre Travel Group Fiscal 2026 Underlying EPS, Revenue Up

Flight Centre Travel Group (ASX:FLT) logged AU$0.875 in underlying EPS for fiscal 2026, compared with AU$0.761 a year ago, a Wednesday filing showed.For the 12 months ended June 30, revenue was AU$2.85 billion versus AU$2.78 billion previously, the Australia-listed travel company added.The board declared a final dividend of AU$0.30 per security, up from AU$0.29 a year earlier, payable Oct. 16 to shareholders of record as of Sept. 18.Flight Centre Travel Group said its fiscal 2027 corporate profit is expected to be weighted to the second half, with the first-half result likely to be below year-ago levels.

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.FireFly Metals (ASX:FFM): -5%, AU$1.77Tabcorp Holdings (ASX:TAH): -3%, AU$0.87Predictive Discovery (ASX:PDI): -2%, AU$0.65The Lottery Corporation (ASX:TLC): -2%, AU$5.49Tamboran Resources CDI (ASX:TBN): -2%, AU$0.23Ampol (ASX:ALD): -2%, AU$39.13Stanmore Resources (ASX:SMR): -2%, AU$2.27Webjet Group (ASX:WEB): -2%, AU$3.46Viva Energy Group (ASX:VEA): -1%, AU$2.75Flight Centre Travel Group (ASX:FLT): -1%, AU$13.16

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Asia

Flight Centre Travel's Shares Rise After Unit Re-Signs Design, Consultancy Group to 10-Year Contract

Flight Centre Travel Group's (ASX:FLT) shares rose past 2% in recent trading on Wednesday after its unit FCM Travel said late Tuesday that it re-signed design and consultancy organization Arcadis to a 10-year contract.The agreement consolidates Arcadis's travel, FCM Meetings & Events, and FCM Consulting services under a single partnership.Arcadis has been a customer of FCM Travel for three years, per the statement.

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Asia

Consumer Demand Under Pressure, Fiscal 2027 Poised for Risk, Jefferies Says

Consumer demand has been under pressure due to lower confidence, higher interest rates and a soft property market but retailers are set to report fiscal 2026 results broadly in line with consensus, Jefferies said in a note on Monday.The investment firm said, however, rising competition and elevated wage inflation are expected to weigh on retailers' earnings in fiscal 2027.The outlook for the supermarket sector in fiscal 2027 remains sturdy, as food inflation is expected to help offset rising wage costs. Coles Group (ASX:COL), was picked as the preferred stock, with a buy rating and a raised price target of AU$26.50 from AU$25.50.Wesfarmers (ASX:WES) was downgraded to underperform, with price target of $73. Despite the retailer's strong businesses and productivity initiatives, Jefferies said the valuation appears expensive following recent share price gains in light of moderate earnings growth.Flight Centre Travel (ASX:FLT) had been performing well before the outbreak of war in the Middle East. Its outlook remains robust, supported by recovering travel demand and a stronger leisure business mix after COVID-19, while rivals continue to face challenges. The brokerage provided a buy rating and price target of AU$14.50.Domino's Pizza Enterprises (ASX:DMP) is progressing well with improving debt levels and cost reductions beginning to deliver results. Same-store sales growth, which has been weak due to unprofitable promotions, should gain pace as pricing measures take effect. Jefferies maintained its buy rating but lowered its price target to AU$26.00 from AU$28.50.

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Asia

Flight Centre Travel to See Smoother Conditions Ahead, Says Jefferies

Flight Centre Travel's (ASX:FLT) outlook was positive despite travel concerns due to the US-Iran war, Jefferies said in a note on Wednesday, adding that smoother conditions appear ahead.The investment firm said travel volumes have historically picked up when conflicts subside. With the possibility of a peace deal improving and Australian travel warnings beginning to ease, Jefferies expects conditions to improve.However, the travel company's leisure business is expected to see a larger year-on-year decline in profit before tax owing to increased tensions ahead of the US-Iran memorandum of understanding. The brokerage now expects a 46% fall in Leisure's Q4 earnings and has trimmed its fiscal year 2026 estimates by 5%.Jefferies maintained a buy rating and increased price target to AU$14.50 from AU$14.00.

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Asia

Update: Flight Centre Travel Group Cuts Fiscal 2026 Profit Guidance; Launches AU$200 Million Buyback; Shares Gain 4%

(Updates with the stock movement in the headline and last paragraph.)Flight Centre Travel Group (ASX:FLT) cut its fiscal 2026 underlying profit before tax guidance to between AU$275 million and AU$295 million from a previous range of AU$310 million to AU$345 million, citing the Middle East conflict's "significant short-term impact" on leisure travel, according to a Wednesday filing with the Australian bourse.A peace deal to end the war provides a meaningful earnings tailwind, but is unlikely to change the company's result trajectory for the fiscal fourth quarter, per the filing.The fiscal fourth-quarter disruption is expected to reduce leisure earnings by around AU$50 million compared with previous expectations, with a further AU$5 million impact in touring businesses and a AU$5 million to AU$10 million foreign exchange impact, the company said.Additionally, Flight Centre Travel Group is launching an on-market issued capital buyback of up to AU$200 million over the next 12 months.The company's shares gained 4% in recent Wednesday trade.

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Asia

ASX Preview: Australian Shares Set to Fall as Oil Slides on Iran-US Deal Hopes; Flight Centre Travel Group Cuts Fiscal Year 2026 Profit Guidance

Australian shares are poised to fall on Wednesday, tracking an overnight oil slide after crude dropped over 5% to a three-month low on easing Middle East supply fears and reports of a possible interim Iran-US deal to reopen the Strait of Hormuz and restore Iranian exports.Overnight, the S&P 500 and the Nasdaq Composite fell 0.6% and 1.2%, respectively, while the Dow Jones Industrial Average gained 0.6%.In the macroeconomy, investors are eyeing Reserve Bank of Australia Assistant Governor Brad Jones' speech and the Westpac-Melbourne Institute Leading Economic Index report.In corporate news, Flight Centre Travel Group (ASX:FLT) cut its fiscal year 2026 underlying profit before tax guidance to between AU$275 million and AU$295 million from a previous range of AU$310 million to AU$345 million, citing the Middle East conflict's "significant short-term impact" on leisure travel.Nickel Industries (ASX:NIC) said that its combined adjusted earnings before interest, taxes, depreciation, and amortization from operations for April and May were around $80 million.Australia's benchmark index inched up 3.7 points to close at 8,917.70 on Tuesday.

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Asia

Flight Centre Travel Group Cuts Fiscal 2026 Profit Guidance; Launches AU$200 Million Buyback

Flight Centre Travel Group (ASX:FLT) cut its fiscal 2026 underlying profit before tax guidance to between AU$275 million and AU$295 million from a previous range of AU$310 million to AU$345 million, citing the Middle East conflict's "significant short-term impact" on leisure travel, according to a Wednesday filing with the Australian bourse.A peace deal to end the war provides a meaningful earnings tailwind, but is unlikely to change the company's result trajectory for the fiscal fourth quarter, per the filing.The fiscal fourth-quarter disruption is expected to reduce leisure earnings by around AU$50 million compared with previous expectations, with a further AU$5 million impact in touring businesses and a AU$5 million to AU$10 million foreign exchange impact, the company said.Additionally, Flight Centre Travel Group is launching an on-market issued capital buyback of up to AU$200 million over the next 12 months.

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Asia

Flight Centre Travel Group Says JPMorgan Chase Becomes Substantial Holder

Flight Centre Travel Group (ASX:FLT) said JPMorgan Chase and its affiliates became substantial holders of the firm on Tuesday after acquiring voting power of 5.47%, according to a Friday Australian bourse filing.JPMorgan holds 11.3 million ordinary securities of the firm.Its shares rose 1% in recent trading on Friday.

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Asia

Flight Centre Travel Group, Virgin Australia Shares Soar Amid Middle East Ceasefire Extension Hopes

Shares of Flight Centre Travel Group (ASX:FLT) soared past 9% while those of Virgin Australia Holdings (ASX:VGN) jumped over 5% amid media reports of the US and Iran potentially reaching an agreement to extend the ceasefire in the Middle East.The US and Iran reached ​an agreement to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz, Reuters reported on Friday, citing sources. However, US President Donald Trump has yet to approve the deal, and Iranian state media said it had not yet been finalized.

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Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18

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Asia

Jarden Adjusts Flight Centre Travel Group's Price Target to AU$16.50 from AU$16.80, Keeps at Overweight

Flight Centre Travel Group (ASX:FLT) has an average rating of buy and mean price target of AU$15.54, according to analysts polled by FactSet.

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Asia

ASX Preview: Australian Shares Set to Rise as Oil Falls on Easing Middle East Tensions; Mineral Resources, Ganfeng Approve AU$490 Million Expansion Project

Australian shares are poised to rise on Tuesday after oil prices tumbled nearly 7% on easing Middle East risk sentiment, as optimism grew over US-Iran talks and a potential reopening of the Strait of Hormuz.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.2%, and 0.6%, respectively.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 0.3 points to 66.1 in the week of May 18 to May 24, ANZ reported Tuesday.Australia's business conditions and sentiments report is due at 11:30 am Sydney time.In corporate news, Mineral Resources (ASX:MIN) and joint venture partner Jiangxi Ganfeng Lithium approved a final investment decision to build a new flotation plant and develop underground mining at the Mt Marion lithium operation in Western Australia, with total capital investment estimated at AU$490 million.Flight Centre Travel Group (ASX:FLT) said the Middle East conflict has "heavily impacted" its early fiscal fourth quarter results, including an estimated AU$10 million profit impact to leisure segment results in April.Australia's benchmark index rose 0.4% or 35 points to close at 8,692 on Monday.

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Asia

Flight Centre Travel Group Says Middle East Conflict Impacting Fiscal Q4 Results

Flight Centre Travel Group (ASX:FLT) said the Middle East conflict has "heavily impacted" its early fiscal fourth quarter results, including an estimated AU$10 million profit impact to leisure segment results in April, according to a Tuesday filing with the Australian bourse.May and June are typically stronger leisure trading months, but cancellations, refunds, and reduced forward bookings due to ongoing volatility could have a greater impact heading into the close of the fiscal year, the company said.Flight Centre Travel Group's corporate business has not been significantly impacted, although the company is monitoring potential flow-on effects from higher airfare prices and macro-economic factors if the volatility persists.Additionally, the strength of the Australian dollar will also impact overseas profit translation in the fiscal fourth quarter compared with a year earlier, the company said.

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Asia

Flight Centre Travel Group Invests $5 Million in Travel Technology Firm Blockskye

Flight Centre Travel Group (ASX:FLT) invested $5 million in Boston-based travel technology company Blockskye to boost its capabilities in corporate travel payments, according to a Wednesday filing with the Australian bourse.The investment gives Flight Centre's FCM corporate travel business early access to Blockskye's blockchain-based payments platform, adding automated expense management capabilities and cutting dependence on traditional payment methods.Additionally, FCM will partner with Blockskye and Kayak to target market share growth in the enterprise corporate sector through a new offering that combines their complementary capabilities into a single platform for booking, payment, and servicing, the company said.

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Asia

Flight Centre Travel Group Completes AU$61.7 Million Sale of Pedal Group Stake

Flight Centre Travel Group (ASX:FLT) said it has formally completed the sale of its 47% shareholding in the Pedal Group cycle joint venture to the Turner Collective, receiving AU$61.7 million in proceeds, according to a Friday Australian bourse filing.The company said it will recognise a one-off accounting gain of about AU$15 million on the sale, in addition to boosting its cash reserves and allowing it to focus on growth initiatives in its core travel business.The company's shares fell 1% in recent Friday trade.

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Asia

Flight Centre Travel Group Shareholders Approve Pedal Group Stake Sale

Flight Centre Travel Group's (ASX:FLT) shareholders approved the divestment of the company's stake in Pedal Group, with over 99% of the votes cast at a Thursday general meeting in favor of the sale, according to a same-day Australian bourse filing.The company entered into a binding agreement in April to sell its around 47% shareholding in the Pedal Group cycle joint venture to the Turner Collective for AU$61.7 million.

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Asia

Jarden Adjusts Flight Centre Travel Group's Price Target to AU$16.80 from AU$16.70, Keeps at Overweight

Flight Centre Travel Group (ASX:FLT) has an average rating of buy and mean price target of AU$15.89, according to analysts polled by FactSet.

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Asia

Flight Centre May Benefit from Travellers Leaning into Better-Known Brands with Stronger Service Models, Jarden Says

Flight Centre Travel Group (ASX:FLT) might benefit as travellers lean into better-known brands with stronger service models in the wake of the Middle East conflict, according to a Tuesday note by Jarden.Its third-quarter total transaction value (TTV) rose 6.8% on the fiscal third quarter ended March 31 to AU$7 billion, or 9.4% in constant currency, with underlying profit before tax (UPBT) up 18.5% to AU$102.6 million.The analysts forecast third-quarter TTV growth of around 3.5%, reflecting weaker demand, offset by strength in corporate and higher fares.Historically, the firm has exited a crisis stronger due to cost control, balance sheet, and scale. It is also gaining trust with customers, benefiting from market consolidation, and leaning into artificial intelligence/data initiatives.The investment firm maintained its overweight rating on Flight Centre Travel and raised the price target to AU$16.80 per share from AU$16.70 per share.

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