What’s with the Flight Centre (ASX:FLT) share price today?

The Flight Centre Travel Group Ltd (ASX: FLT) share price is having a pretty decent day today. Flight Centre shares are, at the time of writing, up 2.64% to $19.86 a share.

That’s a pretty pleasing result for shareholders, considering the broader S&P/ASX 200 Index (ASX: XJO) is ‘only’ up 0.59% at the same time.

Today’s movement continues the positive momentum the Flight Centre share price has enjoyed over the past month or two in particular. Flight Centre is now up 27% since 22 February, and up 44.7% since 1 February. They are also up 98.6% over the past 12 months.

However, zooming out and the picture is still not quite as rosy for long-term investors. Flight Centre shares are still 44.2% down from the pre-COVID level of…