Flight Centre upgrades profit guidance
Flight Centre has upgraded its profit guidance as it on the strong Australian dollar / AAP
FLIGHT Centre has upgraded its profit guidance as it cashes in on low airfares and the strong Australian dollar.
The travel agency chain says it expects to post a pre-tax profit of $243 million to $247 million for the year ended June 30, up 22.5 per cent to 24.5 per cent on the prior year.
It had previously anticipated a pre-tax result of $220 million to $240 million for the 2010/11 financial year.
The pre-tax figures do not include any possible one-off items.
Flight Centre said the result included about $4 million in one-off donations following the natural disasters in Queensland and Christchurch.
Managing director Graham Turner said that based on preliminary figures, this was a new record for the company.
He said while domestic leisure tourism had been soft, the company had benefited from solid growth in international ticket numbers.
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