Travel agency specialist Flight Centre Ltd has announced Tuesday that it is upgrading its earnings guidance from a low of $180 million to a maximum of $200 million for fiscal 2010 as it cited that encouraging overseas trade conditions are poised to deliver record profit to the company by the end of the year.

Company managing director Graham Turner said that the results and momentum seen by Flight Centre at the start of the year has been generally sustained and the expected revenues should be the company's second solid full year result and represented about 100 percent improvement from the $99.8 million grossed in FY 2008/09.

The company previously posted a record full year pre-tax profit of $212.3 million in 2007/08 and it appears that the same feat will likely be replicated this year as Mr Turner stressed that "sales volume have remained healthy globally and trading conditions have gradually started to improve in most of our overseas businesses during the second half."

Flight Centre revealed that all its business interests across the globe were experiencing unprecedented growths with its New Zealand and Canada operations raking in year-on-year growth while the UK business is again expected to contribute the largest profit from any of the company's international branches.

The company said that its Australian business has been solidly trading and has so far avoided any incidence of slow downs while its US operations had considerably recovered from sales slides and now brandishing reported substantial declines on year-on-year losses.

However, Mr Turner said that the company remains wary on numerous factors that could potentially reverse projections this year, which include the sluggish corporate travel recovery and the much lower interest earnings as compared to previous years.

He added that international airfares levels have been unrealistically low for the past few months, which was strong indication that solid ticket turnovers had failed to encourage further growth in total transaction value.

Mr Turner has also pointed to recent international events as possible points of interests for the company's business stakes though he gave assurance that "each of these factors will affect results to a degree, but we do not currently anticipate any material impacts."

He said that they are continually monitoring the European debt crisis as he revealed that the Bangkok incident had resulted to only a few travellers cancelling their holiday plans while the Australian dollar has still managed to retain its attraction notwithstanding the recent declines it has gone through.

Mr Turner said that the local currency remained strong by historical standards and any adverse movements coming from it would be cancelled out by savings to be afforded by international airfares as he pointed out that "the fares generally remained well below traditional levels and in some cases were comparable to those achieved during the height of discounting last year."

Positively reacting on the good news, Flight Centre shares closed at $16.80 on Tuesday, improving by 48 cents or 2.94 percent, amidst the general three percent plunged seen by the market on the same day.