Articles tagged “flight centre”

Flight Centre Expands in U.S. With Silicon Valley Acquisition

Flight Centre Expands in U.S. With Silicon Valley Acquisition

Allan Leibowitz, Skift

Flight Centre’s latest North American acquisition looks like a win-win. Casto Travel gets access to the group’s technology, buying power, and marketing reach while the Australian-headquartered travel group expands its footprint in Silicon Valley.

2 months ago

Flight Centre Stock Takes a Pounding With Fallout From TV Report Lingering

Flight Centre Stock Takes a Pounding With Fallout From TV Report Lingering

Allan Leibowitz, Skift

Flight Centre founder Scroo Turner must be wondering what it takes to keep the market happy. His company reported revenue and profit growth, but still its shares were slashed, with traders wiping more than $50 million off its value.

4 months ago

Flight Centre Buys Umapped to Boost Tech Capability

Flight Centre Buys Umapped to Boost Tech Capability

Allan Leibowitz, Skift

Most of Flight Centre’s acquisitions to date have been about adding market share and a broader international footprint, but the Australian company is now looking for tech advantages. It's hoping Canadian itinerary management platform Umapped will raise its game.

5 months ago

Flight Centre Stock Tumbles After TV Report Alleges Anti-Consumer Practices

Flight Centre Stock Tumbles After TV Report Alleges Anti-Consumer Practices

Allan Leibowitz, Skift

Negative press about working conditions and markups has dented Flight Centre’s stock price, despite record financial results. The claims have been denied, but the share price is still suffering. The mural incident doesn't do anything to bolster confidence in corporate culture.

6 months ago

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Sean O'Neill, Skift

No word on yet on what activist hedge fund investor Paul Singer of Elliott Management might try to pressure Travelport do this year. But research analysts expect that, at the very least, the travel technology company will be pressed to spin off its fast-growing eNett payments business.

10 months ago

Flight Centre Will Eliminate Some Leisure Brands

Flight Centre Will Eliminate Some Leisure Brands

Allan Leibowitz, Skift

Australia’s largest travel agent, Flight Centre, is not resting on its laurels after posting record revenues and strong profits. To ensure it stays on track, the group is shedding underperforming businesses, and dumping some of its leisure brands. It is also chasing growth in emerging business lines ranging from destination management to foreign exchange services.

12 months ago

Flight Centre Defies Critics as Its Earnings Outlook Improves

Flight Centre Defies Critics as Its Earnings Outlook Improves

Vivek Shankar, Bloomberg

Flight Centre is winning over some of the doubters of its travel agency model. Although it is a global business, the bulk of its revenue is from Australian travelers, who need to travel long distances to get anywhere and generally spend a lot of time at destinations once they arrive. Perhaps Flight Centre is a special case.

2 years ago

Flight Centre Invests $7 Million for Stake in Leading Argentinian Booking Site

Flight Centre Invests $7 Million for Stake in Leading Argentinian Booking Site

Dennis Schaal, Skift

Can a legacy brand like Flight Centre really transform itself and get more digital and global? The company is making the investments and acquisitions in people and technology to do so. Will the strategy be successful? It will take a few years to find out.

2 years ago

Brick and Mortar Travel Agents Are Still Important Says Flight Centre’s President

Brick and Mortar Travel Agents Are Still Important Says Flight Centre’s President

Andrew Sheivachman, Skift

Flight Centre Travel Group's global scale and multitude of brands have made it easier to experiment on the longevity of its Liberty Travel leisure agency locations in big cities.

3 years ago

Student Universe Got Flight Centre Deal After Conducting Strategic Review

Student Universe Got Flight Centre Deal After Conducting Strategic Review

Dennis Schaal, Skift

As with many mergers, the jury is out on how Student Universe will fare within the Flight Centre umbrella. Will Student Universe, which was looking for a spark, now truly be able to grow with expanded resources or will broader corporate priorities overtake it?

3 years ago

Flight Centre Offers to Acquire Student Universe for $28 Million

Flight Centre Offers to Acquire Student Universe for $28 Million

Dennis Schaal, Skift

This year has been characterized by merger mania among online travel agencies and hotels. Now the student travel agencies are getting into the act, as well.

3 years ago

Travel Agency Flight Centre Fined $11 Million For Price Fixing With Airlines

5 years ago