** Flight Centre Travel FLT.AX falls as much as 4.2% to A$11.940; set for biggest one-day pct drop since April 11

** Travel retailer says it is unlikely to achieve its initial FY25 target of A$365 mln (~$233 mln)- A$405 mln in underlying profit before tax (UPBT)

** Now expects FY25 UPBT between A$300 mln and A$335 mln

** FLT loses more than 4% this year YTD

($1 = A$1.5659)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))