
Flight Centre maintains profit guidance amid Mid-East volatility
Travel giant Flight Centre (ASX:FLT) has reaffirmed its full-year underlying profit guidance of $315 million to $350 million, citing a robust performance across the first nine months of the financial year.
However, the outlook remains clouded by escalating volatility in the Middle East, which the company revealed triggered a $10 million downturn in leisure travel bookings during April.
Addressing investors ahead of the Macquarie Conference in Sydney, Flight Centre noted it is closely monitoring shifting international travel patterns as regional hostilities persist.
While the company remains optimistic about overall demand, it cautioned that the full impact of surging jet fuel prices and subsequent flight cancellations on the critical May-June period is yet to be fully realised.
At the time of reporting, Flight Centre’s share price was $10.50.