Business
The Flight Centre (ASX:FLT) share price is up 46% in November // Motley Fool Australia
The Flight Centre Travel Group Ltd (ASX: FLT) share price has been among the best performers on the S&P/ASX 200 Index (ASX: XJO) in November.
Since the start of the month, the travel agent giant’s shares have risen a sizeable 46%.
This compares to an excellent gain of 10% by the benchmark index.
Why is the Flight Centre share price rocketing higher this month?
The catalyst for the strong Flight Centre share price gain this month has been news of two potentially effective COVID-19 vaccines.
This has sparked hopes that the global travel market could bounce back quicker than expected, which would be great news for Flight Centre. It is currently operating at a loss despite its rampant cost cutting.
What are the vaccines?
The…
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