Flight Centre Upgrades Profit Forecast – Again

Flight Centre, the multi-national travel agency group, is now looking at a profit before tax of A$338m-$342m after once again upgrading its forecast for the 12/13 financial year ended June 30. Armina Soemino from JP Morgan says a result of A$340m would represent 17% growth over last year.

Flight Centre says that pre-tax earnings are for all geographies are positive for the third consecutive year, while Australia, UK, China and Singapore “easily surpassed their previous EBIT records”. JP Morgan has an Overweight recommendation on FLT.

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