Flight Centre

Retail Asia01/11/2019

Flight Centre Travel Group has paid $252,000 in fines after misleading customers with unclear promotions during the 2018 Christmas and 2019 Easter periods. The travel group offered customers who spent $1500 on a holiday package during these periods a $250 voucher to use for their next holiday – though failed to disclose that the next […]

Retail Asia16/08/2019

Travel retailer Flight Centre has bought a remaining stake in Canada-based corporate travel business Les Voyages Laurier du Vallon to take sole ownership of the travel business. The ASX-listed travel firm bought 75 percent of Quebec-based LDV in 2017 for an undisclosed sum and has now exercised its option to buy the remainder. “LDV has […]

Retail Asia07/08/2019

Amid an industry-wide effort to right-size store networks, analysts at Citi have singled out Flight Centre as a business which could particularly benefit from such an effort. According to Citi analyst Bryan Raymond, approximately 10 per cent of Flight Centre’s store network could be culled – largely the result of a network consolidation which has […]

Retail Asia24/07/2019

Australian travel retailer Flight Centre Travel Group has furthered its position in the European market, taking full ownership of corporate travel business 3Mundi, which operates in France and Switzerland. Flight Centre acquired 25 percent of the business in June 2017, though has worked with 3Mundi since 2015 through its FCM Travel Solutions corporate travel management […]

Retail Asia15/05/2019

Travel specialist retailer Flight Centre has amended its previously stated profit guidance for the remainder of the 2019 financial year after poor conditions in Australia’s leisure market impacted its performance. The group now expects to see a profit of between $335 million and $360 million for the 12 months to June 30, 2019, below the […]

Retail Asia24/04/2019

Travel retailer Flight Centre has made a 25 per cent investment in The Upside Travel Company, strengthening its presence in the global corporate travel sector. Flight Centre, which is now the business’s largest shareholder, will gain access to its technology platform and software development resources, enabling it to fast track growth in the small-to-medium sized […]

Retail Asia04/04/2018

Flight Centre has been slapped with a $12.5 million dollar fine for attempting to fix pricing with international airlines between 2005 and 2009. The Full Federal Court of Australia handed down the penalty on Wednesday morning, following a successful high court appeal by the ACCC against an earlier court decision in 2016. The decision is […]

Retail Asia25/08/2017

ASX-listed Flight Centre Travel Group bought two local travel firms for a combined A$19.5 million as it seeks to expand its footprint in New Zealand, making it one of the country’s biggest travel management groups. In its annual earnings published to the ASX on Thursday morning, the Brisbane-based company said it has agreed to buy […]

Retail Asia03/08/2017

ASX-listed Flight Centre Travel Group will buy two local travel firms for an undisclosed sum, expanding its footprint in New Zealand and making it one of the country’s biggest travel management groups. The Brisbane-based company on Monday said it had agreed to buy Travel Managers Group (TMG) and Executive Travel Group (ETG), without providing details […]

Retail Asia24/12/2015

Australian travel retailer Flight Centre expects to more than double its network and business in India over the next five years. Flight Centre, listed on the Australian Stock Exchange, debuted in India 10 years ago and now considers the nation one of its top five corporate business markets globally. “India is an emerging market and […]

Tag: Flight Centre

Flight Centre fined $252,000 for misleading promotions

Flight Centre completes Canadian purchase

Flight Centre could see benefits from right-sizing

Flight Centre grows in Corporate Travel

Flight Centre drops guidance

Flight Centre Looking at Corporate Travellers

Flight Centre recently slapped with $12.5 million fine

Flight Centre buys two New Zealand firms

Flight Centre buys two New Zealand travel firms

Flight Centre India to double network