As the vaccines roll out and the world over comes the pandemic, travel will be popular among many that have been unable to for the past year. While still heavily oversold (75% below the all time high in 2018) flight centre remains in a good position to bounce back.
Currently in a rising wedge, price is situated on support and is likely to take off.
AWA's Travel Survey (2020) 69% of Australians hope to travel within the first six months of restrictions being lifted 50% are keen to travel for two weeks or more on their next holiday 74% said they would be comfortable spending just as much on their next holiday as they did pre COVID-19
Last boarding call for MH370. This company will be bankrupt come June.
As at 30th June 2020:
-4 Billion Total Assets
-1.8 Billion Total Liabilities
-1.2 Billion Net assets
2019 Earnings = 264 million (Excluding OCI)
2020 Losses = 662 million (Excluding OCI)
Covid 19 went into full swing in March meaning within 3 months the company lost $926 million.
The company reports that after massive cuts and downsizing its monthly cash outflow is around 43 million after August 2020 (Including Jobkeeper subsidies)
This means that:
June 1,200,000,000.00
July 1,157,000,000.00
August 1,114,000,000.00
September 1,071,000,000.00
October 1,028,000,000.00
November 985,000,000.00
December 942,000,000.00
January 899,000,000.00
February 856,000,000.00
March 813,000,000.00
April 770,000,000.00
May 727,000,000.00
June 684,000,000.00
July 641,000,000.00
Meaning that by June 2021 the company's assets have been cut in half. From here Flight Centre will have to restart operations with a bare skeleton of what it was in a post covid world. They will be exposed to competitors like never before especially from international markets
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@Piggiiieee
As at 30th June 2020:
-4 Billion Total Assets
-1.8 Billion Total Liabilities
-1.2 Billion Net assets
2019 Earnings = 264 million (Excluding OCI)
2020 Losses = 662 million (Excluding OCI)
Covid 19 went into full swing in March meaning within 3 months the company lost $926 million.
The company reports that after massive cuts and downsizing its monthly cash outflow is around 43 million after August 2020 (Including Jobkeeper subsidies)
This means that:
June 1,200,000,000.00
July 1,157,000,000.00
August 1,114,000,000.00
September 1,071,000,000.00
October 1,028,000,000.00
November 985,000,000.00
December 942,000,000.00
January 899,000,000.00
February 856,000,000.00
March 813,000,000.00
April 770,000,000.00
May 727,000,000.00
June 684,000,000.00
July 641,000,000.00
Meaning that by June 2021 the company's assets have been cut in half. From here Flight Centre will have to restart operations with a bare skeleton of what it was in a post covid world. They will be exposed to competitors like never before especially from international markets