Flight Centre rises after completing $200m share buyback

The news: Shares in travel agent Flight Centre rose in morning trade after the company announced the completion of its $200 million on-market share buyback, initially announced in April 2025.

Shares had risen 2.25% to $11.80 at 11:15am AEST.

The context: The buyback entails the retirement of more than 16 million shares, or around 7% of the company’s issued shares.

The company also said it will retire its 2028 convertible notes next month, amounting to an outstanding $100 million, which were initially issued during the Covid pandemic to mitigate disruption during the period.

This follows the divestment of its 47% interest in Pedal Group to Turner Collective for $61.7 million and the acquisition of UK meetings and events (M&E) agency Fresh Approach and online cruise agency Iglu.