Flight Centre Travel Group Cuts Fiscal 2026 Profit Guidance; Launches AU$200 Million Buyback

MT Newswires Live
Jun 17

Flight Centre Travel Group (ASX:FLT) cut its fiscal 2026 underlying profit before tax guidance to between AU$275 million and AU$295 million from a previous range of AU$310 million to AU$345 million, citing the Middle East conflict's "significant short-term impact" on leisure travel, according to a Wednesday filing with the Australian bourse.

A peace deal to end the war provides a meaningful earnings tailwind, but is unlikely to change the company's result trajectory for the fiscal fourth quarter, per the filing.

The fiscal fourth-quarter disruption is expected to reduce leisure earnings by around AU$50 million compared with previous expectations, with a further AU$5 million impact in touring businesses and a AU$5 million to AU$10 million foreign exchange impact, the company said.

Additionally, Flight Centre Travel Group is launching an on-market issued capital buyback of up to AU$200 million over the next 12 months.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10