Flight Centre's share price has fallen 7% – a value trap or good time to buy?

Flight Centre's share price has fallen 7% – a value trap or good time to buy?

Over the past month, the share price of Flight Centre Travel Group Ltd (ASX: FLT) has fallen by 7%. The recent fall in the share price presents long-term investors with a great opportunity to pick up shares in a quality company set for years of future growth.

The reason for the fall in share price is likely a result of the falling Australian dollar and therefore the market is concerned that there will be reduced demand for outbound international travel from Australia. However, what is really driving demand for travel for Australian’s is the substantial increased capacity in the Australian aviation market which has resulted in substantially lower airfares both domestically and internationally. Low-airfares will likely continue for the foreseeable future...

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