Business
The Flight Centre (ASX:FLT) share price is up 40% in six months: Can it go higher?
The Flight Centre Travel Group Ltd (ASX: FLT) share price has been a strong performer over the last six months.
During this time, the travel agent giant’s shares have rallied an impressive 40% higher.
Why is the Flight Centre share price up 40% in six months?
Investors have been buying Flight Centre shares during this time thanks to the improving outlook for the travel market following the successful development of several effective COVID-19 vaccines.
This has sparked hopes that travel and tourism could return to normal quicker than expected. And with Flight Centre having such a strong balance sheet following its capital raising and cost cutting, it could be in a position to put these funds to work on earnings accretive…
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