Travel agency Flight Centre says it is on track to lift its pre-tax profit after a promising start to the financial year.

Managing director Graham Turner told the company’s annual general meeting on Thursday that fluctuations in the Australian dollar had not impacted outbound travel.

Flight Centre’s local leisure and corporate businesses had improved in the first part of the financial year, he said.

The company still expects profit before tax in the 2013/14 year to grow by between eight and 12 per cent, meaning a profit of between $370 million and $385 million.

But Flight Centre’s bottom line could be impacted by writedowns in the value of its businesses in India and the US which, the company says, is possible during the 2013/14 year.

Flight Centre shares dropped 34 cents to $51.91.