Flight Centre lowers guidance; announces $200M buyback

• Flight Centre has lowered its full-year profit guidance range due to Middle East conflict travel disruptions.
• Following the update, the company share price closed down at $11.81 on the market.
• The group will initiate a capital buy-back to opportunistically deploy its strong cash holdings.

Flight Centre Travel Group (ASX:FLT) has lowered its 2026 underlying profit guidance to $275–$295 million due to Middle East conflict disruptions.

This new range sits below the previous target of $310–$345 million but matches last year's $286 million result.

The company stated that a recent peace agreement creates a clearer runway heading into the 2027 fiscal year.

Management will initiate a share buy-back of up to $200 million to opportunistically deploy its current cash holdings.

Following the announcement, the Flight Centre share price was down at $11.81.

The travel group previously completed the divestment of its financial stake in the cycling joint venture Pedal Group.

That transaction aligned with a broader corporate strategy focused on simplifying the global travel portfolio to maximise efficiency.