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