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Flight Centre results 2016

Flight Centre results 2016

Flight Centre results 2016

( Flight Centre results 2016 )

– Flight Centre Full Year Result 25 Aug 16: FLT margins squeezed by softer market and cheaper airfares 2:19 Australia?s largest travel agent, Flight Centre (FLT) posted a slightly weaker than expected net profit of $244.6 million, down 4.7% over the last financial year.Dana McCauley news.com.au @Dana_AdeleFLIGHT Centre is positioning itself as the Apple of air travel, expanding its online reach while rolling out flagship stores.Australia’s largest listed travel agency has posted a $244 million profit after a tumultuous year in which the Zika virus, Brexit and airline price wars hit its bottom line.
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Flight Centre warns on tough market after profit falls

Flight Centre warns on tough market after profit falls

( Flight Centre warns on tough market after profit falls )

– Flight Centre has warned that an on-going airfare war in Australia, poor consumer confidence in Britain following Brexit and volatile conditions in the United States will weigh on the company’s 2017 results, after net profit fell 4.7 per cent in $244.6 million in the 2016 year.The travel giant said that while revenue rose 11.2 per cent to $2.7 billion, underlying profit was down 3.8 per cent $246.7 million due to lower margins in Australia and investment in new businesses and technology.This was below expectations for a profit of $254 million.
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Airfares are so cheap they are cutting into Flight Centre profits

Airfares are so cheap they are cutting into Flight Centre profits

( Airfares are so cheap they are cutting into Flight Centre profits )

– The Qantas lounge in Perth.Image: Supplied.Cheap airfares are partly to blame for a 4.7% drop in profit to $244.6 million at travel agency Flight Centre.
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Flight Centre hit by Brexit, Zika fallout

Flight Centre hit by Brexit, Zika fallout

( Flight Centre hit by Brexit, Zika fallout )


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