FLT – Citi rates as Sell

The share price has been on strong uptrend with Citi analysts referencing a positive turn in the industry’s cycle with oil prices having increased by circa 40% over the past 12 months; this is driving up airfares, helping revenue growth for travel agents such as Flight Centre.

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Is Flight Centre A Bargain?

Following a recent trading update, Flight Centre (ASX:FLT) shares are trading at around their lowest levels for some years. In its announcement to the market FLT attributed the weak trading to a wide assortment of issues including: the Federal election; Brexit; airfare price wars; investment in key improvement strategies and the Zika virus.

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