Flight Centre: take off delayed

Wilson Asset Management

Wilson Asset Management

Flight Centre (ASX: FLT) announced a downgrade to its forecast profit guidance on Monday. The company said it now expects full year underlying profit before tax (PBT) to be down approximately 2% to 5% on last year’s result of $366.3 million, which is below the initial guidance of a 4% to 8% underlying PBT growth for FY2016. FLT shares descended following the announcement, and closed down 11% for the week. We do not own FLT in the investment portfolio.


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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