Takeover targets – Online headwinds building for Flight Centre

Financial Journalist
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Would Flight Centre Travel Group be worth more in the hands of an international travel giant that can invigorate the Australian company’s online offering?

That question will occupy global travel groups and private equity firms if Flight Centre’s share price keeps falling and its online presence, especially in Apps, disappoints.

Flight Centre has slumped from almost $55 in March 2014 to $31.65. The company’s earnings guidance downgrades, most recently in November, reinforced market fears that the move from shopfront travel retailers to online providers is quickening.

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