Flight Centre lifts profit guidance
Tuesday, February 5, 2008/
Flight Centre is predicting another strong 12 months ahead and has lifted its profit guidance for the first half of 2008.
The travel agency has issued its fourth profit upgrade since October.
In a statement to shareholders, Flight Centre’s founder and MD, Graham Turner, said the company was on track to beat its own forecast of a record $85 million to $90 million pre-tax first-half profit.
Turner said Flight Centre expected the figure to be between $92 million and $93 million, or up 75% on the corresponding period.
He said the company had completed its $US135 million ($151 million) acquisition of the US travel retailer, Liberty Travel.
“We believe we have built a solid foundation for the full year, based on momentum gained during the first half and with small profit contributions expected from Liberty and our new joint venture with the Employment Office (a recruitment firm),” Turner said in a statement.
Lunchtime singing and awards for failure: The best perks from Australia's most innovative companies Amantha Imber Inventium founder
Your future customers: How to crack the gen Z code Simon Slade Affilorama co-founder
Want to be charming? Of course you do. Here are three essential tips Ian Whitworth Scene Change co-founder
Why corporate content will send your customers running Luke Buesnel Story League director
How to write the perfect job advertisement Alex Hattingh Employment Hero chief people officer
How to outshine the millions of websites ranking poorly on Google Adam Rowles Inbound Marketing founder