Flight Centre Can Benefit From CTM's Setbacks -- Market Talk

Dow Jones12-01

2122 GMT - Flight Centre can benefit from Corporate Travel Management's difficulties, says Jefferies. CTM last week stood down the boss of its U.K. operations and said it will reverse more than US$100 million in previously recognized revenue after an auditor change led to the discovery of errors in its accounts. "We anticipate that there is a significant probability of existing CTM customers leaving to another provider (such as Flight Centre) given risk of reputational damage to CTM following revenue restatements," analyst Michael Simotas says. CTM is also likely to be less competitive in new client tenders, and will be distracted by managing the issue. "With CTM's uncertainty and Webjet's subject to a takeover bid investor options to gain exposure to the travel sector have reduced," Jefferies adds.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 30, 2025 16:22 ET (21:22 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588713787?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-01 05:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588713787","market":"hk","top_or_hot":-1,"title":"Flight Centre Can Benefit From CTM's Setbacks -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2122 GMT - Flight Centre can benefit from <a href=\"https://laohu8.com/S/CTD.AU\">Corporate Travel Management</a>'s difficulties, says Jefferies. CTM last week stood down the boss of its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. operations and said it will reverse more than US$100 million in previously recognized revenue after an auditor change led to the discovery of errors in its accounts. \"We anticipate that there is a significant probability of existing CTM customers leaving to another provider (such as Flight Centre) given risk of reputational damage to CTM following revenue restatements,\" analyst Michael Simotas says. CTM is also likely to be less competitive in new client tenders, and will be distracted by managing the issue. \"With CTM's uncertainty and Webjet's subject to a takeover bid investor options to gain exposure to the travel sector have reduced,\" Jefferies adds.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 30, 2025 16:22 ET (21:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flight Centre Can Benefit From CTM's Setbacks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlight Centre Can Benefit From CTM's Setbacks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-01 05:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2122 GMT - Flight Centre can benefit from <a href=\"https://laohu8.com/S/CTD.AU\">Corporate Travel Management</a>'s difficulties, says Jefferies. CTM last week stood down the boss of its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. operations and said it will reverse more than US$100 million in previously recognized revenue after an auditor change led to the discovery of errors in its accounts. \"We anticipate that there is a significant probability of existing CTM customers leaving to another provider (such as Flight Centre) given risk of reputational damage to CTM following revenue restatements,\" analyst Michael Simotas says. CTM is also likely to be less competitive in new client tenders, and will be distracted by managing the issue. \"With CTM's uncertainty and Webjet's subject to a takeover bid investor options to gain exposure to the travel sector have reduced,\" Jefferies adds.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 30, 2025 16:22 ET (21:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技咨询与其它服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588713787","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588713787","pubTimestamp":1764537720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2122 GMT - Flight Centre can benefit from Corporate Travel Management's difficulties, says Jefferies. CTM last week stood down the boss of its U.K. operations and said it will reverse more than US$100 million in previously recognized revenue after an auditor change led to the discovery of errors in its accounts. \"We anticipate that there is a significant probability of existing CTM customers leaving to another provider  given risk of reputational damage to CTM following revenue restatements,\" analyst Michael Simotas says. CTM is also likely to be less competitive in new client tenders, and will be distracted by managing the issue. \"With CTM's uncertainty and Webjet's subject to a takeover bid investor options to gain exposure to the travel sector have reduced,\" Jefferies adds.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4134":"信息科技咨询与其它服务","CTD.AU":"CORPORATE TRAVEL MANAGEMENT","CTM":"Castellum, Inc.","BK7070":"酒店、度假村与豪华游轮","FLT.AU":"FLIGHT CENTRE TRAVEL GROUP L"},"translate_title":"飞行中心可以从澳门电讯的挫折中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLT.AU":0.9,"CTM":1.5,"CTD.AU":0.9},"content_text":"2122 GMT - Flight Centre can benefit from Corporate Travel Management's difficulties, says Jefferies. CTM last week stood down the boss of its U.K. operations and said it will reverse more than US$100 million in previously recognized revenue after an auditor change led to the discovery of errors in its accounts. \"We anticipate that there is a significant probability of existing CTM customers leaving to another provider (such as Flight Centre) given risk of reputational damage to CTM following revenue restatements,\" analyst Michael Simotas says. CTM is also likely to be less competitive in new client tenders, and will be distracted by managing the issue. \"With CTM's uncertainty and Webjet's subject to a takeover bid investor options to gain exposure to the travel sector have reduced,\" Jefferies adds.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 30, 2025 16:22 ET (21:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588713787","isCrawlerRequest":true}