Australia's Flight Centre Travel tumbles after trimming annual outlook

Flight Centre Travel

31/07/2025 05:24

** Shares of Flight Centre Travel FLT.AX fall 8.2% to A$11.82, hitting their lowest since April 22

** Stock eyes weakest trade since late February, if trends hold

** Travel retailer downgrades FY25 underlying profit before tax forecast to A$285 million-A$295 million ($183.91 million-$190.36 million) vs earlier guidance A$300 million-A$335 million

** Attributes outlook change to underperformance and additional non-recurring costs in Asia, impact of escalating tensions in the Middle East and global downturn in bookings to the United States

** Co however expects to report record total transaction value of A$24.5 billion for FY25

** More than 3.8 million shares change hands, 3.9 times the 30-day average

** Stock down 29.1% YTD, including the day's moves

($1 = 1.5497 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))