FLT 1.98% $17.47 flight centre travel group limited

News: FLT Australia's Flight Centre issues profit warning, shares tumble

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    SYDNEY, May 23 (Reuters) - Australian travel agent Flight Travel Group Ltd (FLT) warned on Monday that annual pre-tax profit may fall up to 5 percent in fiscal 2016 because of geopolitical concerns, an air fare price war and spending on "key improvement strategies".

    The new forecast compares with a pre-tax profit increase of up to 8 percent for the year.

    Flight Centre shares fell 7 percent in Sydney afternoon trading.

 
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