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Flight Centre Travel Group Limited ( (AU:FLT) ) has shared an announcement.
Flight Centre Travel Group has revised its fiscal year 2025 profit guidance and announced a $200 million on-market share buy-back. The company is addressing short-term volatility due to cyclical trading conditions, including recent US policy changes, which have impacted its growth targets. Despite these challenges, Flight Centre remains financially robust, with a strong balance sheet and liquidity position, and anticipates stronger results in the future as market conditions stabilize. The company is implementing cost-reduction and productivity initiatives, particularly within its Global Business Services division, to improve efficiency and profitability.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited operates in the travel industry, providing travel services and products to both leisure and corporate clients globally. The company focuses on offering comprehensive travel solutions and has a significant presence in the travel market, catering to various customer needs through its diverse brand portfolio.
YTD Price Performance: -23.89%
Average Trading Volume: 920
Technical Sentiment Signal: Buy
Current Market Cap: $1.77B
For a thorough assessment of FLT stock, go to TipRanks’ Stock Analysis page.