Insights

What happened to the Flight Centre (ASX:FLT) share price last earnings season?

All eyes are on the Aussie travel share ahead of tomorrow’s full-year result
The post What happened to the Flight Centre (ASX:FLT) share price last earnings season? appeared first on The Motley Fool Australia. –

The Flight Centre Travel Group Ltd (ASX: FLT) share price has been on fire in August. Shares in the Aussie travel share have rocketed 5.6% higher in the last month amid the latest ASX reporting season.

Let’s take a look at how the Flight Centre share price has responded in previous earnings periods.

How did the Flight Centre share price fare in February?

Given ASX companies generally report half-yearly, there are two major reporting seasons: February (for 31 December year end) and August (for 30 June year end).

Flight Centre reported its half-year earnings on 25 February 2021. Some of the key takeaways from that result include:

$1.9 billion (c.70%) reduction in annualised costs
12% increase in total transaction value (TTV) to $1.5 billion
10.4% revenue margin, down from 12.5% in 1H 2020
$247 million underlying loss

The Flight Centre share price climbed higher following February’s result. That helped the Aussie travel share surge 18.0% higher from the end of January to the market close on Friday 26 February.

And last August?

Investors can also see what happened last August. Flight Centre released its full-year results for the period ended 30 June 2020 (FY20) on 27 August in a COVID-disrupted year for the travel industry.

As a refresher, Flight Centre’s results were headlined by the below:

$510 million underlying loss before tax (down from $343.1 million profit in FY19)
$1.9 billion cash balance after increasing liquidity by $1.1 billion
36% decline in TTV to $15.3 billion after minimal sales from March to June year end

The Flight Centre share price was volatile last August without any major share price swings following the result.

Foolish takeaway

Shares in the ASX travel agent were up 6.66% to $15.22 yesterday as investors eyed easing restrictions as vaccination numbers surge.

Investors will likely be watching the Flight Centre share price closely ahead of tomorrow’s FY21 results release.

The post What happened to the Flight Centre (ASX:FLT) share price last earnings season? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Flight Centre (ASX:FLT) share price up 7% as travel shares rise on Tuesday
These are the 10 most shorted ASX shares

What Sydney Airport’s results could mean for Flight Centre (ASX:FLT) shares
Why Beach, Bendigo & Adelaide Bank, Flight Centre, & Lendlease are tumbling lower

Flight Centre (ASX:FLT) share price slips despite Rex (ASX:REX) agreement

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!