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Flight Centre Travel Group Provides Coronavirus and 1H Trading Update

07 Feb 2020  |  14:11:00  |  Associate analysts  |  Increase  |  Decrease  |  


Flight Centre Travel Group provided update on 7 February 2020, the market in relation to its 1H results and its FY20 outlook. The update comes as the company continues to monitor the coronavirus's impacts on its Greater China and Singapore corporate travel businesses in the near-term and its potential impacts on broader leisure and corporate travel patterns in the upcoming months, which are traditionally the year's peak booking periods. Although FLT has achieved record TTV and an underlying PBT slightly above the mid-point of its targeted range for the six months to December 31 2020 ($90m-$110m), the virus's emergence has inevitably made it more difficult to deliver the strong 2H earnings weighting implied in full year guidance ($310m-$350m).

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