FLT 1.91% $21.85 flight centre travel group limited

usa operations, page-2

  1. 22,691 Posts.
    You wrote:

    "Traditionally a growth company, FLT needs the USA to take off to continue growth at previous rates, as the Australian market has limited opportunity for FLT to grow much further".

    Comment: That contrasts with a statement from someone who is familiar with FLT:
    _________________________

    " And first half 2003 results:

    http://www.flightcentre.com.au/aboutus/investors/2002/presentation-2002.ppt


    As can be seen, Australia is still by far their largest operation, and its revenue is still growing very fast. At present, Australia still makes up in excess of 50% of their revenue. Overseas, they are still minows".
    ________________________________

    Comment: According to this, its revenue in Australia is "still growing very fast". I don't know if their margin may have dropped somewhat.

    Gerry

    FLT Holder, having bought shares in the middle of the SARS crisis and later.

 
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