Business
Can the Flight Centre (ASX:FLT) share price fly again in 2021?
The Flight Centre Travel Group Ltd (ASX: FLT) share price has been the most badly affected in the beaten down travel sector this year.
The travel company’s share price is down by 60% over the year, as the coronavirus pandemic stopped international travel dead in its tracks.
Could the Flight Centre share price pick itself up in 2021 when travel resumes?
First, the losses
In FY20, the company delivered an underlying loss before tax of $510 million, excluding COVID-19-induced expenses of $339 million. On a statutory basis, therefore, Flight Centre delivered a loss of $849 million before tax.
The company said that this loss was incurred entirely since March, as the company reported underlying profit before tax in the order of…
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