Flight Centre flags profit growth

By Elizabeth Redman

Flight Centre expects to increase its full-year 2014 underlying profit as much as 10 per cent and flagged continued growth in the coming year as customers maintain bookings after the crash of Malaysia Airlines flight MH17.

Customers who had cancelled future Malaysia Airlines bookings generally rebooked on other airlines, rather than cancelling their trips outright, the group said. "The tragic loss of MH17 is likely to have a modest impact on results, as most travelers are currently opting to maintain their bookings with Malaysia Airlines or other carriers," it said.

Read more here: Business Spectator


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