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Flight Centre Travel Group Limited ( (AU:FLT) ) has shared an update.
Flight Centre Travel Group Limited has updated its FY25 guidance, expecting underlying profit before tax to range between $300 million and $335 million, aligning closely with the previous year’s figures. Despite solid sales growth and a projected record total transaction value, the company faces challenges due to inconsistent global trading conditions, particularly in the leisure segment with lower profit margins. The company announced a share buy-back of up to $200 million to enhance earnings per share and mitigate dilution effects from convertible notes. The travel industry is experiencing shifts, with decreased travel to the US and uncertainty affecting peak trading periods, although stabilization is anticipated in FY26.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited operates in the travel industry, offering a range of services including leisure and corporate travel management. The company focuses on providing travel solutions globally, with a significant emphasis on leisure travel, although it faces varying profit margins across its business segments.
Average Trading Volume: 1,342,741
Technical Sentiment Signal: Sell
Current Market Cap: A$2.87B
Find detailed analytics on FLT stock on TipRanks’ Stock Analysis page.