Flight Centre stock cancels 727,680 shares after buyback

Published on 10/08/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flight Centre stock was trading at AUD 10.16 on October 8, 2026, 38.65 percent below its 52-week high. FY26 revenue rose 2.5 percent to AUD 2.85 billion.

Flight Centre, AU000000FLT9, Illustration mit AI erstellt.

Flight Centre Travel Group (ISIN AU000000FLT9) canceled 727,680 ordinary shares after an on-market buyback completed October 3, 2026. As The Globe and Mail reported on October 8, 2026, the cancellation reduces the number of shares in issue and continues the group's capital management program.

Buyback reduces issued capital

The canceled shares represent a direct reduction in Flight Centre's issued capital, while the company continues to repurchase stock under its broader capital allocation plan. The immediate effect is mechanical, but the action gives the latest market update a clear shareholder-return angle.

The same report lists a Buy rating and an AUD 15.30 price target for Flight Centre. That target is materially above the current ASX quotation, although it comes from a separate analyst view rather than the company's own guidance.

FY26 earnings improved

According to Simply Wall St, Flight Centre reported FY26 revenue of AUD 2.85 billion, up 2.5 percent from FY25, while net income increased 36 percent to AUD 149.2 million. FY26 earnings per share reached AUD 0.71, compared with AUD 0.50 in FY25.

The reported profit improvement was stronger than the revenue increase, lifting the FY26 profit margin to 5.2 percent from 3.9 percent. At the same time, revenue missed analyst estimates by 1.8 percent and earnings per share missed by 11 percent, leaving the growth story balanced against execution pressure.

Targets remain above the stock

MarketScreener lists an Outperform consensus from 15 analysts and an average target of AUD 14.26. The target lies 40.35 percent above the AUD 10.16 quotation, making the gap between current valuation and analyst expectations a central issue for the stock.

Simply Wall St also reported that consensus revenue forecasts for FY27 fell from AUD 3.06 billion to AUD 3.03 billion, while the consensus earnings-per-share estimate declined from AUD 1.15 to AUD 1.02. The revisions point to a more demanding growth path after the FY26 recovery.

Flight Centre stock stays below its high

Flight Centre stock was last at AUD 10.16 on the Australian Securities Exchange on October 8, 2026, at 3:12 p.m. AEDT, down 1.55 percent from the prior close of AUD 10.32. The market capitalization was AUD 2.1 billion and volume was 584,835 shares.