BUZZ-Australia's Flight Centre Travel rises on upbeat earnings guidance

Reuters
2024/11/14
BUZZ-Australia's Flight Centre Travel rises on upbeat earnings guidance

** 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))

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