Flight Centre Travel Group Limited (ASX: FLT) provided a positive outlook at its 2025 Annual General Meeting (AGM) on 12 November 2025, in Brisbane. It provided a strong trading update and earnings guidance for the current financial year.
The company is one of the largest travel retailers in the world, noted continued recovery across its core divisions, and remains confident in its growth plan, brand strength, and operational efficiency. Private and corporate demand remained strong globally despite the wider macroeconomic climate, with a sustained level of leisure travel and a continued corporate recovery.
Key Findings / Results
At the AGM, management reported ongoing improvements in both revenue and earnings, with growth momentum across all regions. Key highlights included:
- Total Transaction Value (TTV) up 9% year-on-year in Q1 FY2026.
- Leisure business outperformed expectations, supported by strong airfares and high-margin product sales.
- Corporate travel segment delivered record client wins and double-digit growth in managed spend.
- Underlying EBITDA guidance reaffirmed at $580–$620 million for FY2026.
- Market capitalisation stood at $2.58 billion, with shares trading around $12.39, up 3% on the day of the AGM.
Chairman Gary Smith said Flight Centre had emerged as a “diversified global business positioned for sustainable growth,” citing an increasingly balanced portfolio between leisure, corporate, and in-destination travel services.
CEO Graham “Skroo” Turner added, “We’re seeing strong momentum in both bookings and revenue. Customers are prioritising travel as a key lifestyle choice, and our global network is well placed to capture this demand.”
Economic & Strategic Benefits
The company’s positive trading update coincides with continued strength in the global travel and tourism sector, buoyed by resilient consumer demand and stable airline capacity.
Turner noted that the group’s cost transformation program, initiated during the pandemic, had created a leaner, more efficient business model. “We have reduced our cost base significantly while investing in technology and service innovation. This combination is driving margin expansion and improved returns,” he said.
Flight Centre also pointed to emerging opportunities in Asia and Europe, where international travel recovery is accelerating, and its corporate brands, including FCM and Corporate Traveller, are expanding market share.
Operational and Business Updates
While not a resource company, Flight Centre detailed several operational programs underpinning its growth strategy. The group highlighted:
- Ongoing network optimisation across Australia, the UK, and the US.
- Investment in digital platforms and AI-enabled booking systems to enhance efficiency.
- Commitment to ESG practices, including carbon offset programs and partnerships with sustainable travel providers.
Turner reaffirmed that technology remains central to the group’s long-term competitiveness: “Our platforms are delivering seamless, personalised travel experiences that align with changing consumer expectations.”
Market & Strategic Context
The broader travel industry continues to benefit from post-pandemic demand and structural shifts toward “experiential spending.” Analysts forecast the global travel market to grow 6–8% annually over the next five years, with corporate and premium leisure sectors leading.
Flight Centre’s jurisdictional advantage in key markets, Australia, the UK, and North America, positions it well to capture a larger share of the recovery. The group’s diverse revenue streams mitigate regional volatility and currency risk, while its global brands are well established in the renewables, defence, and education travel segments.
Smith stated, “Our diversity gives us resilience. We are not reliant on a single geography or market segment, which supports stability through cycles.”
Investor Outlook
Flight Centre shares (FLT) on the ASX have increased by about 18 percent over the year to date, indicating a newfound investor confidence. The company has a 52-week range of between $10.70 and $13.20, with a market capitalization of 2.58 billion and traded volumes of more than 1.25 million shares on AGM day.
Flight Centre Travel Group Limited share price
This has resulted in a Buy to Hold consensus among the analysts, based on the fact that the group has continued to increase its revenues, maintain disciplined capital management, and increase its margins.
Turner restated FY2026 targets, a positive sign of its belief in its ability to grow earnings by mid-single-digits and have a healthy balance sheet. With this, he said, we are in a good position to achieve sustainable profitability and keep investing in customer experience and brand innovation.
Also Read: Morning Wrap: ASX Edges Higher Amid Global Market Shifts and Sector Divergence
Closing Paragraph
The Flight Centre AGM 2025 highlighted an assertive management voice and a business that was set to take advantage of the long-term travel demand around the globe. Through its expanding corporate and leisure business, rising efficiencies, and tight cost control, the Flight Centre trading update secures its position as a major participant in the post-pandemic travel business, as well as a market leader in Australian-listed international business.
FAQs
- What was the main announcement at Flight Centre AGM 2025?
Flight Centre announced a positive start to FY 2026, reporting that first-quarter total transaction value (TTV) increased by nearly 7 per cent.
- What guidance did Flight Centre provide for FY 2026?
Flight Centre is targeting an underlying profit before tax of AUD $305 million – $340 million for FY 2026, representing a 5.5% – 17.6% uplift on FY 2025.
- What segments of the business are showing strong momentum?
The corporate travel segment, through its brands such as FCM Travel and Corporate Traveller, is showing strong growth, including new account wins totalling almost AUD $400 million and Asia returning to modest profitability.
- How is the leisure travel business performing?
Leisure TTV is growing at a healthy rate, though year-on-year profit comparisons are affected by temporary travel pattern shifts. Signs of recovery are emerging ahead of the second half’s peak trading period.
- What are the key drivers behind Flight Centre’s positive trading update?
Key drivers include sustained global demand in leisure travel, a rebound in corporate travel, productivity and efficiency gains globally, and acceleration in corporate account wins.
- Where is Flight Centre operating and what is its global reach?
Flight Centre operates across Australia, New Zealand, Europe, North America, and Asia, with diversified exposure across retail, corporate, and in-destination travel markets.
- How has the market responded to the update?
The company’s shares rose following the announcement of a strong start to FY 2026, reflecting investor optimism about renewed growth in both corporate and leisure segments.
- What is Flight Centre’s ESG and technology focus?
Flight Centre is investing in digital platforms, AI-enabled booking systems, and sustainable travel partnerships to drive efficiency, enhance customer experience, and improve competitiveness.
