THE Flight Centre Travel Group (ASX: FLT) provided update on its 1H FY2020 results and FY2020 outlook.
- Underlying 1H FY2020 PBT is expected to be slightly above the mid-point of guidance of $90million-$110million.
- Sales would be around 11% of the total transaction value.
- FLT is experiencing that coronavirus is impacting its 2H travel patterns, especially in Asia. Its impact might create difficulty for the company to attain FY2020 guidance.
- Statutory PBT in 1H FY2020 will be lower than underlying 1H result and would include adjustments for Topdeck impairment, supplier collapse, Upside investment, accounting standard changes.