Why did the Flight Centre share price just crash 14%?
Image source: Getty Images
The Flight Centre Travel Group Ltd (ASX: FLT) share price is taking a beating today.
Shares in the S&P/ASX 200 Index (ASX: XJO) travel stock closed yesterday trading for $17.72. In morning trade on Wednesday, shares are changing hands for $15.30 apiece, down 13.66%.
For some context, the ASX 200 is 0.38% lower at this same time.
This follows the release of Flight Centre’s half-year results for the six months to 31 December (H1 FY 2025).
Here are the highlights.
Flight Centre share price tumbles on results
- Revenue of $1.3 billion, in line with H1 FY 2024
- Total transaction value of $11.7 billion, up 3% year on year
- Underlying profit before tax of $117 million, up 7%
- Statutory profit before tax of…
