Today, travel agency Flight Centre lifted its complete year earnings forecast, mainly on the back of better-than-before global trading conditions, which have managed to stabilize after the financial meltdown, and also improvements in the company's key Australian market.

As shared by the company, it now expects to post before-tax profit of $160 Million to $180 Million for one year up-to June 20, 2010, which is a substantial rise compared to the previous forecast of earnings between $125 Million to $135 Million.

For the year's first-half, Flight Centre is expecting to post earnings of about $70 Million to $74 Million.

“Assuming global trading conditions continue to gradually recover, we are well placed to record stronger profit growth during the second half, as results during the corresponding period (last year) were heavily affected by the global financial crisis", said Managing director Graham Turner.

Comparison of the firm's earlier predicted forecast's high point with that of the new forecast represents a hike of a whopping 33%.

Mr. Turner has insisted that a "reasonable" growth of about 13-19% over the year's first half, in addition to a hike of over 20% in ticket volumes across Australia, could be taken further over the second half.