The Flight Centre share price just hit a 52-week low, is it a buy?
Image source: Getty Images
The Flight Centre Travel Group Ltd (ASX: FLT) share price has crashed 24% since 17 October 2024 after giving an update. It hit a 52-week low of $16.37 yesterday.
Investors didn’t like what they heard in the update and decided the ASX travel share was worth significantly less than it was at the start of September 2024.
You can read the full coverage from the update by my colleague Bernd Struben.
One of the most important points to me from that update included Flight Centre saying global corporate sector activity was flat during the quarter. Client wins are helping drive total transaction value (TTV) and transaction volume growth in its global corporate business. However, growth in the FY25 first quarter was…
