Travel agent Flight Centre Ltd. Tuesday is revealed to have upgraded full year guidance and posts that it now hopes its pretax profit to climb to A$190 million-A$200 million—marking its second highest result on record, prompted by its efforts to unceasingly trade ahead of expectations.

"Sales volumes have remained healthy globally and trading conditions have gradually started to improve in most of our overseas businesses during the second half," Flight Centre Chief Executive Graham Turner quoted.

The new forecast, which excludes any major non-recurring items that may arise, is increased compared to the group's previous guidance that it would grab a pretax profit of A$160 million-A$180 million for the year to June 30.

A result as forecast would represent 90% to 100% boost in the company's normalized pretax profit of A$99.8 million posted for the year ended June 30, 2009. Flight Centre's actual pretax profit in the 2009 financial year was recorded to be A$40.4 million.

The firm’s shares registered a climb on the earnings upgrade, marking a closing price up by 2.9% touching A$16.80, fetching a rare gainer in an overall market fall 3.0%.

However, as previously posted, the U. S. business is speculated to record trading losses over A$7 million at the earnings before interest and tax level this financial year.