FLT Updates FY26 Profit Guidance and Announces Buy-Back
Key points
- Revised FY26 profit guidance to $275m-$295m UPBT
- Middle East conflict causing $50m leisure earnings reduction
- Up to $200m issued capital buy-back planned
Full summary
Flight Centre Travel Group Limited (FLT) has revised its FY26 profit guidance to $275m-$295m underlying profit before tax (UPBT) due to the significant short-term impact of the Middle East conflict on international leisure travel. The new midpoint is broadly in line with FY25's $286m UPBT. The conflict is expected to reduce leisure earnings by approximately $50m, with further impacts on touring businesses and FX translation. Despite these disruptions, FLT's corporate business remains on track for strong profit growth. The company also announced an up to $200m on-market issued capital buy-back, reflecting confidence in its recovery and outlook.
Guidance
FY26 UPBT guidance revised to $275m-$295m, midpoint $285m
Outlook
FLT anticipates a temporary disruption in leisure earnings due to the Middle East conflict, with a potential $50m reduction. The corporate business remains on track for strong profit growth.
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