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…