Flight Centre Counting on Overseas Growth to Offset Domestic Challenges
Flight Centre's declaration of AUD 1.49 in fully franked special DPS, in addition to the AUD 0.60 ordinary interim DPS, should be commended. It deploys the long-held excess cash (AUD 358 million at the end of December 2018) in a quick way, while releasing franking credits ahead of a potential change in rules. It also cushions the pain for shareholders from a weak fiscal 2019 first-half result, up just 1% in group underlying profit before tax, or PBT, to AUD 140 million.The magnitude of the slum...
Flight Centre Travel Group is engaged in the travel retailing in both the leisure and corporate travel sectors, plus wholesaling.
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