Articles tagged “flight centre”

BCD Travel and Flight Centre Make More Global Acquisitions

BCD Travel and Flight Centre Make More Global Acquisitions

Isaac Carey, Skift

It's pretty clear there's a lot of consolidation going on in the travel management space, and there are no signs of that changing. With BCD's most recent investment, the company is in a good position to start planning future acquisitions in the Asia-Pacific region.

5 months ago

Flight Centre Invests in Jay Walker’s Biz Travel Company Upside

Flight Centre Invests in Jay Walker’s Biz Travel Company Upside

Andrew Sheivachman, Skift

It sure looks like global corporate travel giants are starting to take the small- to medium-size business travel market seriously. For some startups that didn't find traction in the marketplace, this means another shot at success.

7 months ago

Viking Sky Rescue Doesn’t Appear to Be Hurting Cruise Demand

Viking Sky Rescue Doesn’t Appear to Be Hurting Cruise Demand

Allan Leibowitz, Skift

Cruise customers, who are shrugging off the recent Viking Sky dramas, seem to be a hardy bunch. Advisors have been spared a flood of cancellations, and it looks like business as usual for cruising.

8 months ago

Why Does Traveloka Want to Venture Into Competitive Australia?

Why Does Traveloka Want to Venture Into Competitive Australia?

Raini Hamdi, Skift

Traveloka is going after a slice of the Australian online travel market. That's brave. Even though the market is robust, the space is highly competitive. While Indonesia is popular among Australians, travelers still mainly prefer Bali, which is like their backyard. So what has Traveloka to offer?

9 months ago

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.

11 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.

1 year 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.

1 year 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.

1 year 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.

2 years 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.

2 years 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.

3 years ago