Flight Centre’s record profit on track
Flight Centre Ltd's estimated gross indicates growth of up to 20 percent, with guidance not materially affected by recent natural disasters.
The travel agency reported it is on track to complete a record full year pre-tax profit of $220 million to $240 million since trading in most markets are operating competently.
A Brisbane-based Flight Centre presented that the reasonably priced airfares in Australia and a strong Australian currency has ensured that international leisure travel remains strong, and, corporate travel is still performing well above last year.
Furthermore, the company's leisure and corporate divisions were performing better than the local market in the United Kingdom while its local office in New Zealand was generating above average profits.
Although solid profits had been achieved in March, the company still needs a solid fourth quarter to meet expectations on earnings before interest and tax.
With operations in South Africa, Canada, India and Asia going on well in the past year to December 2010, Flight Centre reported a net profit of $70.5 million.