市场见解

Flight Centre (ASX:FLT) share price slides amid news Sydney lockdown could last until September

The pandemic continues to weigh on the Flight Centre share price.
The post Flight Centre (ASX:FLT) share price slides amid news Sydney lockdown could last until September appeared first on The Motley Fool Australia. –

The Flight Centre Travel Group Ltd (ASX: FLT) share price has been a test of patience amid ongoing lockdowns and rising COVID-19 cases across Australia.

Flight Centre share price lower as lockdown woes continue

This morning, The Australian reported that the Sydney lockdown could be extended until mid-September.

“The NSW government has requested financial modelling for a lockdown of Greater Sydney that extends until mid-September due to the severity of the outbreak and an expectation that businesses and jobs won’t survive without more financial support.”

However, in a separate report from 9 News, NSW Premier Gladys Berejiklian said she would not jump to “any conclusions” and was “unaware of the source of a claim in The Australian that the lockdown would be pushed to mid-September”.

Regardless, the COVID-19 situation in NSW continues to worsen with 145 new cases reported on Monday.

With more cases coming out of NSW, investors might have to brace for continued volatility for the Flight Centre share price.

Travel is picking up … just not in Australia

The Flight Centre share price continues to face headwinds in Australia. However there is an encouraging restart to domestic and international tourism across major countries including Europe and the United States.

Commentary from the RBA’s July monetary policy meeting, said a “relaxation of containment measures had expanded opportunities for the consumption of discretionary services, including … domestic air travel. There had been a tentative restart to international tourism in some countries, particularly within Europe.”

Domestic travel is also making a strong rebound in the United States, with TSA checkpoint travel numbers rebounding close or even above 2019 figures.

Unfortunately for the Flight Centre share price, it’ll have to patiently wait for domestic lockdowns and COVID-19 cases to subside.

What’s next for the Flight Centre?

According to Flight Centre’s investor calendar, the company is due to report its full year FY21 results on 27 August.

The post Flight Centre (ASX:FLT) share price slides amid news Sydney lockdown could last until September appeared first on The Motley Fool Australia.

Should you invest $1,000 in Flight Centre right now?

Before you consider Flight Centre , you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Flight Centre wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

These are the 10 most shorted ASX shares

ASX 200 travel shares face new headwinds as Kiwi bubble policy tightens

ASX 200 travel shares slide as New Zealand closes travel bubble

The Flight Centre (ASX:FLT) share price is up today, despite lockdowns
What happened on the US stock market overnight and how could it impact ASX shares?

Motley Fool contributor Kerry Sun 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.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

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!