Macquarie Research has brought forward its travel industry recovery profile by 6-9 months due to the rollout of global vaccines in its latest analysis of the Flight Centre business. “We forecast 85% Total Turnover Value recovery (of pre COVID-19 levels) in FY24 (FY21: 30% recovery, FY22: 55%, FY23: 75%), with more emphasis expected on domestic […]
Tag: Flight Centre
Back to the future as Flight Centre buys Topdeck
Flight Centre has bought 90% of Topdeck Tours, a company started by FLT founder Graham Turner in 1973. Topdeck Managing Director James Nathan will retain a 10% shareholding in the business. Mr Nathan also runs Back-Roads Touring in which FLT has a 67% stake and will continue to manage both businesses. The deal values UK-based Topdeck Tours at £21.84m. […]