1. Cheaper airfares doesn't = more profit for Flight Centre. In fact, cheaper airfares stimulates more competition from online agencies and reduced margin for the company.
2. Aquisitions are spreading global reach, beneficial considering FLT's large cash position.
3. Yes, as is the trend. FLT is combating this by acquiring OTAs like BYOjet and new initiatives like Aunt Betty (virtual TA).
"This is the second big fall for flight center this year, whats going on at HQ." Not the end of the world, we've had 2 announcements that the company has released that havs re-aligned expectations from previously boosted figures leading from FLTs all-time record-breaking profit result.
Share Price Fall, page-76
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