My Account Menu

CAPA Login

Register to trial CAPA Membership!

Record profit outlook for Flight Centre


Shares in Flight Centre finished 0.3% higher on Tuesday, against generally weaker shares for other aviation-related businesses and travel distributors. Last week, the travel agent confirmed it expects to report a pre-tax profit of AUD220 million-240 million for FY2010/11, reflecting revenue growth of 20%. The company's profit guidance has not been materially affected by recent natural disasters.

In other stocks, World Fuel Services Corp was down 2.8%, while frequent flyer programme managers Multiplus and Groupe Aeroplan lost 1.5% and 1.3% respectively.

Selected aviation suppliers share price movements (% change): 12-Apr-2011

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.