Share Price Fall, page-2

Although the company has not revised its FY2016 Profit Beforre Tax (underlying) guidance of 4 -8. %, it has suggested that it is by no means assured. May and June are important months, and if consumer sentiment is affected by the upcoming election, the company may miss guidance.
The AFR ran a piece last Monday pointing our the risk of missing guidance,
* Lower international fares could be reducing revenue
* Weak consumer confidence domestically
* As Flight Centre is investing for future growth, this adds to FY2016 expenses
The comment was also made that the company's Austalian operations have a relatively high fixed cost base, and any weakness in revenue growth will crimp profit growth.

I think we will see more selling pressure leading into the FY2016 result based on nervousness. But remember, the company is frank and honest in its outlook statements, somewhat of a rarity among ASX listed stocks. Even if we see a flat result this year, prospects are still strong and the company is certainly not at the end of the growth runway IMO.