Flight Centre will miss its full-year profit forecast despite record revenues, blaming a host of factors including the Australian federal election and the Zika virus.
Shares in the travel group dropped more than seven per cent in afternoon trade after it said it still expects revenue for the year to June 30 to be above $19 billion but uncertainty over the UK referendum on EU membership, Zika virus and the Australian election were taking a toll.
Flight Centre said in a statement that airfare price wars were also a factor in revising guidance for underlying profit before tax to between $348.0 million and $359.0 million - two to five per cent down on 2015 and below its February forecast of $380 million to $395 million.
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