I still see headwinds in the Australian corporate market with the decline in a number of clients involved in the mining sector with their reduced travel spend and in some cases demise of their own business hitting transaction incomes as well as poor credit accounts which will impact on FLT as well as CTD.
A large number of mining client construction projects are winding down which means less travel and would also see a reduction hitting QAN and Virgin as well.
IMO
FLT Price at posting:
$43.84 Sentiment: Hold Disclosure: Not Held