Despite red ink, Flight Centre confirms it’s in market for deals
Flight Centre has confirmed that it is the market for strategic acquisitions despite the red ink that still covers its financial results.
Flight Centre has confirmed its interest in acquisitions (Photo: AAP Image/Glenn Hunt)
The Brisbane-based travel company has been on a wild ride over the past two years to keep its head above water during the effective shutdown of global travel.
However, like its counterpart Corporate Travel Management, it sees opportunities and speculation has centred on US based Altour International.
While Flight Centre did not confirm its interests in Altour, it told the ASX today that it has had, and continued to have, various discussions with a number of parties regarding strategic opportunities.
“This intention to consider acquisition opportunities to complement organic growth was outlined in Flight Centre’s recent result announcements,” it said.
However, it said it was complying with ASX listing rules and would continue to comply with continuous disclosure obligations.
