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.
News: FLT Australia's Flight Centre issues profit warning, shares tumble
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Last
$17.13 |
Change
0.430(2.57%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.03 | $17.45 | $16.94 | $37.05M | 2.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6310 | $17.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.13 | 638 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
