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Flight Centre Travel Group Limited ( (AU:FLT) ) just unveiled an update.
Flight Centre Travel Group Limited (FLT) has announced its acquisition of Iglu, a leading UK online cruise agency, to accelerate its growth in the high-margin cruise sector. This strategic move is expected to significantly expand FLT’s cruise footprint, enhance its digital and omni-channel capabilities, and provide immediate shareholder value through earnings per share accretion. The acquisition, valued at GBP122 million, is set to increase FLT’s cruise-related total transaction value to over $2 billion annually by FY26, two years ahead of schedule. It also positions FLT to leverage Iglu’s advanced technology platform for global expansion, particularly into the US market, and to capitalize on the growing demand in the cruise industry.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$18.00 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited (FLT) operates in the travel industry, providing a range of travel services and products. The company focuses on leisure and corporate travel, offering services such as flight bookings, hotel reservations, and travel insurance. FLT has a significant market presence with a global network that includes online and offline channels.
Average Trading Volume: 1,518,646
Technical Sentiment Signal: Hold
Current Market Cap: A$2.9B
See more data about FLT stock on TipRanks’ Stock Analysis page.