Australia's Flight Centre surges on upgrading FY23 outlook

Flight Centre Travel

20/07/2023 02:10

** Shares of Flight Centre Travel Group Ltd  FLT.AX  rise as
much as 4.8% to A$21.8, their biggest intraday pct jump since
Feb 1
    ** The travel manager now sees FY23 underlying EBITDA
between A$295 mln ($200.16 mln) and A$305 mln, from its earlier
forecast range of A$270 mln to A$290 mln 
    ** Shares hit their highest level since June 15
    ** Sees total transaction value for FY23 to be in the order
of A$22 bln, nearly 115% growth on the prior year
    ** Stock up 43.6% YTD, as of last close 
   

     ($1 = 1.4738 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))