News
Travel company cuts earnings guidance as travel demand to the U.S. slides
April 29th 2025
Australia’s Flight Centre Travel Group has lowered its profit forecast for the current financial year as the U.S.’s recent imposition of tariffs and reports of stricter checks on arriving visitors impacts travel bookings to the U.S. Read More » In a regulatory filing the company said U.S. “policy changes” began to impact business and consumer confidence and corporate and leisure sales in March. The trading results in early April pointed to “ongoing uncertainty” in the market ahead of its busiest trading months of May and June. “While fiscal year 2025 has been a turbulent year, our fundamentals are strong and we are well placed to deliver more rapid growth and enhanced shareholder returns next year and into the future as the trading cycle stabilizes,” Flight Centre Travel Group managing director, Graham Turner said. The company forecasts an underlying profit before tax in the range of A$300 million and A$335 million (US$193 million and US$215 million) for 2024-2025, down from its previous profit guidance of A$365 million to A$405 million.
