Is the Webjet (ASX:WEB) share price a buy today?

The Webjet Limited (ASX: WEB) share price has risen by 63% since the start of November 2020.

What has been going on?

COVID-19 impacts have significantly disrupted Webjet during 2020. Its FY20 result was a story of two polar opposite halves. Webjet reported that its FY20 underlying operations, which excludes a number of one-offs, showed total $3 billion of total transaction value (TTV) with $2.3 billion of that coming in the first half. Total FY20 revenue was $266.1 million, with $217.8 million of that generated in the first half. FY20 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was $26.4 million, but it made a $59.9 million EBITDA loss in the second half and generated $86.3 million of EBITDA in…