Corrected: Australia's Flight Centre cuts profit forecast, launches $141.2 million share buyback
16/06/2026 23:34
CORRECTED-Australia's Flight Centre cuts profit forecast, launches $141.2 million share buyback Corrects share buyback amount conversion in headline and first paragraph to $141.2 million, from $130.2 million
June 17 (Reuters) - Flight Centre Travel Group FLT.AX on Wednesday cut its annual profit forecast after the Middle East conflict disrupted international leisure travel, and said it would buy back up to A$200 million ($141.2 million) of its shares.
The travel company now expects underlying profit before tax (UPBT) of A$275 million to A$295 million for the year ending June 30, down from its previous target of A$310 million to A$345 million.
($1 = 1.4164 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Anil D'Silva)
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