Flight Centre up 5.3% after buyback, FY26 earnings outlook lower
Flight Centre shares jumped 5.33% to A$12.44 Wednesday despite cutting its FY26 profit forecast to A$275 million–A$295 million, down from A$310 million–A$345 million. The company announced a new A$200 million share buyback and cited eased Gulf travel warnings as a boost for future demand. Investors focused on the buyback, shrugging off warnings of up to A$50 million in Q4 leisure profit impact from Middle East unrest.