Flight Centre Travel Group Limited (AU:FLT) has released an update.
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Flight Centre Travel Group has revised its FY24 profit guidance, forecasting a substantial 130% increase in underlying profit before tax to between $316 million and $324 million, with an expected total transaction value of $23.7 billion, matching their record FY19 result. The company is on track to achieve a 2% underlying profit margin, indicating a strong recovery with significant improvements in both leisure and corporate sectors despite challenging market conditions and deflation in airfare prices. These developments underscore Flight Centre’s resilience and efficiency gains post-pandemic, as they operate with a smaller workforce complemented by independent agents.
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