-- 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.