Australia's Flight Centre falls after tightening FY24 profit forecast range

Flight Centre Travel

24/07/2024 01:59

** Shares of Flight Centre Travel Group  FLT.AX  fall as
much as 8.8% to A$20.980, set to drop the most since Feb. 24,
2022 - if current losses hold
    ** Travel agency expects its FY24 underlying profit before
tax (PBT) to be between A$316 mln ($208.78 mln) and A$324 mln
    ** Co in February said it expects its FY24 underlying profit
before tax (PBT) to be between A$300 mln and A$340 mln
    ** Stock hits its lowest level since July 10
    ** Stock up 13% this year, as of last close

($1 = 1.5135 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))