Flight Centre Travel Group's Fiscal 2026 a Slight Miss Due to Leisure Segment Data, Foreign Exchange, RBC Capital Markets Says

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Flight Centre Travel Group's (ASX:FLT) fiscal 2026 was a slight miss, impacted by worse-than-expected leisure division data and foreign exchange, RBC Capital Markets said in a Wednesday note.

However, the leisure segment appears to be back with record July total transaction value (TTV) above its pre-COVID-19 peak and the strongest profits since July 2015. Underlying profit before tax was adversely impacted by AU$5 million due to unfavorable foreign exchange translation.

Meanwhile, the corporate division beat expectations in fiscal 2026. In fiscal 2027, the division will see a second half skew due to foreign exchange, front-loaded expansionary costs, and win timing.

The brokerage reaffirmed Flight Centre with an outperform rating and a price target of AU$14.

The travel group's shares tumbled 8% in recent Wednesday trade.

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Underlying profit before tax was adversely impacted by AU$5 million due to unfavorable foreign exchange translation.</p><p>Meanwhile, the corporate division beat expectations in fiscal 2026. 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Underlying profit before tax was adversely impacted by AU$5 million due to unfavorable foreign exchange translation.</p><p>Meanwhile, the corporate division beat expectations in fiscal 2026. In fiscal 2027, the division will see a second half skew due to foreign exchange, front-loaded expansionary costs, and win timing.</p><p>The brokerage reaffirmed Flight Centre with an outperform rating and a price target of AU$14.</p><p>The travel group's shares tumbled 8% in recent Wednesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0029864427.USD","symbol_name":"TEMPLETON GLOBAL \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2662625917","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2662625917","pubTimestamp":1787719253,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Underlying profit before tax was adversely impacted by AU$5 million due to unfavorable foreign exchange translation.Meanwhile, the corporate division beat expectations in fiscal 2026. In fiscal 2027, the division will see a second half skew due to foreign exchange, front-loaded expansionary costs, and win timing.The brokerage reaffirmed Flight Centre with an outperform rating and a price target of AU$14.The travel group's shares tumbled 8% in recent Wednesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}