The Flight Centre share price has been travelling steadily upwards for some time now (see the chart below!), and the trip could well continue now that the CFO has indicated the start of the new financial year has been encouraging for the company.
With cautious optimism Andrew Flannery told investors yesterday that the Australian travel industry has recovered faster than than others around the world, that the strong Aussie dollar and cheap airfares have stimulated demand, but that predicting a full recovery would be premature.
“While yields remain significantly down on last year, prices appear to have bottomed and the cheapest deals have become harder to secure,” he said.
Flight Centre Limited
ASX Code: FLT
Chart source: Market Analyser. Sign up for a free charting software trial!
For more on this news story:
- Sydney Morning Herald: “Flight Centre soars as tourism rebounds”
