Flight Centre Travel Group (ASX:FLT) report 1H NPAT down 74%

Company News

by Rachael Jones

Flight centre travel group (ASX:FLT) report a net profit after tax (NPAT) of $22.1 million, that’s 74 per cent less than the prior corresponding period.

They have slashed their second-half predictions for underlining before tax profit by up to $70 million over uncertainties from the coronavirus outbreak.

Companies amending their travel policy regarding the coronavirus has impacted Flight Centre particularly during the last three weeks.

Leisure travel patterns have also been increasingly affected recently, with some customers reviewing or reconsidering short-term holiday plans and monitoring the virus’s possible spread to locations outside China and Asia in the future.

They will pay a final dividend of 40 cents.

Shares in Flight centre travel group (ASX:FLT) are trading 0.69 per cent higher at $35.24.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.