Flight Centre Travel Group
(ASX:FLT) is expecting to report underlying profit before tax, of between $325 million to $330 million for the 2017 financial year, after recording a firm second half recovery.
The travel retailer hit record full-year sales and achieved solid second half growth.
Flight Centre says thanks to record US business growth and growth in Canada, its underlying profit before tax for the second half, is tipped to 2.5 to 4.9 per cent higher than the prior corresponding period. Stellar results in Europe, the Middle East and Africa also fueled the recovery.
Flight Centre says despite airline price deflation in several key markets, its FY17 total transaction value (TTV) is expected to top $20 billion, surpassing the prior corresponding period’s $19.3 billion.
Shares in Flight Centre Travel Group
(ASX:FLT) are trading 6.88 per cent higher to $42.70.
