Helloworld Travel (ASX:HLO) shares are on the rise after the company released an optimistic earnings outlook for FY20.
Helloworld has provided earnings (EBITDA) guidance in the range of $83 million to $87 million for the year ending 30 June 2020.
The guidance update comes on the back of the finalization of its major commercial agreements.
Helloworld says it is confident that given a continuation of current trading conditions it will again have a strong year in FY20.
Shares in Helloworld Travel (ASX:HLO) are trading 5.12 per cent higher at $4.52.