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Australia's Flight Centre Travel falls after projecting flat profit growth

By Reuters News5 hours ago Updated

** Shares of Australia's Flight Centre Travel FLT.AX fall as much as 7.3% to A$11.67, marking their biggest intraday pct loss since August 26

** Stock narrows losses, last down about 2%

** Co targets FY27 underlying PBT between A$290 million ($198.68 million) and A$325 million, broadly in line with market expectations at midpoint

** Says FY27 group profit likely to be skewed to second half, with first half accounting for about 31% of annual result

** Says results will be impacted by strength of leisure business' Q4 recovery, among others

** Citi says "PBT profit bridge implies no market growth"

** Stock down 16.8% YTD, including session's move

($1 = 1.4596 Australian dollars)

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