Australia's Flight Centre Travel rises on upbeat earnings guidance

Flight Centre Travel

14/11/2024 24:44

** Shares of Flight Centre Travel Group  FLT.AX  rise as
much as 3.1% to A$17.15, their biggest intraday pct gain since
mid-Sept
    ** Stock is a top gainer on the benchmark ASX 200 index
 .AXJO 
    ** Corporate travel manager expects underlying profit before
tax (PBT) of A$365 mln-A$405 mln ($236.81 mln-$262.76 mln) for
fiscal 2025
    ** Says guidance midpoint represents 20% growth on FY24
    ** Adds broader travel industry expected to return to its
normal trajectory
    ** Stock hits highest level since Oct. 23, logging its
eighth consecutive day of gains
    ** FLT down 16% YTD as of 0027 GMT


($1 = 1.5413 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))