Industry analysts at Jefferies continue to express concern over margin improvements for Flight Centre (ASX:FLT), an Australian travel firm, despite the fact that its revenue margins haven’t shown betterment.

The brokerage firm pointed out that the recovery in international travel surged dramatically in June, reaching approximately 97% of the levels observed before the COVID-19 pandemic causing havoc.

Jefferies also expects the total transaction value for major Australian aviation and travel companies, including Qantas Airways and Flight Centre (ASX:FLT), to continue approaching pre-pandemic levels.

Furthermore, the leisure sector in Australia is recovering swiftly, a factor that could benefit leading firms in the industry.

Flight Centre (ASX:FLT) is a prominent Australian company specializing in travel.