News: Flight Centre on track for record FY profit

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Flight Centre Ltd (ASX:FLT) has confirmed that it is on track to achieve a record full year pre-tax profit of between $220 million to $240 million.



The forecast earnings reflect growth of up to 20 per cent, with guidance not materially affected by recent natural disasters.



The travel company says 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.



While Flight Centre says it achieved solid profits in March, the company advises this growth need to continue into the fourth quarter so that it can reach earnings before interest and tax expectations.



In the six months to 31 December 2010, Flight Centre reported a net profit of $70.5 million.