13-Apr-2011 3:08 PM
Record profit outlook for Flight Centre
Analysis
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.
Summary
- Flight Centre's shares finished higher despite weaker shares for other aviation-related businesses and travel distributors.
- Flight Centre expects to report a pre-tax profit of AUD220 million-240 million for FY2010/11, with a revenue growth of 20%.
- Recent natural disasters have not significantly affected Flight Centre's profit guidance.
- World Fuel Services Corp's shares were down 2.8%.
- Multiplus and Groupe Aeroplan, frequent flyer programme managers, experienced losses of 1.5% and 1.3% respectively.
- The data represents selected aviation suppliers' share price movements on 12-Apr-2011.
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
