It is a good question I think, how are they pulling it off?To...

It is a good question I think, how are they pulling it off?

To me, it's a combination of their natural business growth.......as in, FLT retain most of its profits and directs these funds to an expanding business every single year.......most years this expansion is masked by whatever the cyclical factors are each year.

For example, it is just incredible to think they will have 1 billion dollars in cash in the bank this year (most client funds).....just amazing business expansion

At least in Australia, as a shop front agent, they are just absolutely killing their competitors, who have been shooting themselves in the foot for years....STella, Jetset come to mind....

The Flight Centre business model is almost unprecedented....more than 80% of their staff are customer facing, as in selling something

Finally, their expansion into business travel is absolutely massive, but not that visible or widely represented in their reporting or media

No reason to think next year will not be their biggest ever.....its all about growth and letting the cycle please itself