News: Flight Centre reconfirms guidance

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Flight Centre Limited (ASX:FLT) has maintained its full-year guidance of a 10 per cent increase in pre-tax profit, despite a strong first quarter.



Managing director Graham Turner believes the 25 to 30 per cent improvement is not sustainable over the full-year due to economic uncertainty.



Mr Turner says it's impossible to know the impact of the “financial storm clouds” in Britain and the US across the year.



The travel retailer has forecast a full-year pre-tax profit of $265 to $275 million, the mid-point around 10 per cent higher than last year.

For the year to June 30, 2011, Flight Centre reported a net profit of $140 million.