13 stories mentioning ASX:FLT
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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.
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.
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
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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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.
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.
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.
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.
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.
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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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.
Flight Centre Travel (ASX:FLT) said 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, according to a Tuesday Australian bourse filing.The company said cash stood at AU$916 million and net debt at AU$313 million as at March 31, with fiscal year 2026 UPBT guidance unchanged at AU$315 million to AU$350 million, though it is continuing to closely monitor the impact of world events on short-term results.The company said leisure results were heavily affected in April, with an estimated profit impact of about AU$10 million for the month, while the global corporate business has not been significantly impacted to date, though the company is monitoring possible flow-on effects from higher airfare pricing and macroeconomic factors if volatility continues, with any impact more likely to affect early in the fiscal year 2027.Potential fiscal fourth-quarter foreign exchange headwinds on overseas profit translation, given the Australian dollar's strength, are also being monitored, it added.The company's shares rose 4% in recent Tuesday trade.
Flight Centre Travel Group (ASX:FLT) completed its AU$200 million on-market share buyback, repurchasing and cancelling more than 16 million shares, representing around 7% of its issued capital before the program, according to a Thursday filing with the Australian bourse.The company will also retire its 2028 convertible notes in May, eliminating about AU$100 million in outstanding debt that was originally raised during the COVID-19 pandemic, the filing added.The company's shares rose around 2% in recent Thursday trade.