Stock Track | Flight Centre Travel Soars 5.02% Intraday on Stronger Q3 Results

Stock Track
May 05

Flight Centre Travel Group's stock soared 5.02% during intraday trading on Tuesday, following the release of its quarterly financial results.

The travel company posted a 6.8% rise in third-quarter total transaction value (TTV) to A$7 billion and an 18.5% increase in underlying profit before tax (UPBT) to A$102.6 million. For the first nine months of the financial year, the company reported TTV of A$19.5 billion and UPBT of A$226.4 million.

While the company maintained its full-year guidance for UPBT between A$315 million and A$350 million, it noted an approximately A$10 million year-over-year impact from its April leisure result. The impact of ongoing unrest and potential future fuel supply disruption on the key May-June trading period remains unclear, and the company flagged potential foreign exchange headwinds for the fourth quarter.

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