The Flight Centre Travel Group Ltd (ASX: FLT) share price is having a good day today.
The travel company’s shares are currently swapping hands at $20.06, a 3.46% gain.
Let’s take a look at what is happening at Flight Centre.
What’s going on with Flight Centre?
Flight Centre is not the only ASX travel share in the green today. The Webjet Limited (ASX: WEB) share price is up 1.36%, the Helloworld Travel Ltd (ASX: HLO) share price is leaping 2.52%, while Corporate Travel Management Ltd (ASX: CTD) shares are climbing 2.82%.
However, it’s not such a good day for the Qantas Airways Limited (ASX: QAN) share price, which is currently down 0.29% after soaring in early trade.
Flight Centre Corporate revealed on Monday 1,300 businesses have resumed travel since domestic and international borders opened in Australia.
The company said 79% of pre-COVID business travellers are flying again, with 6,500 customers now flying with Flight Centre across the company’s corporate divisions.
Managing director Australia James Kavanagh said:
There’s no doubt confidence has rapidly returned in the corporate travel world since the reopening of domestic and international borders as business travellers and organisations shed the fear of more lockdowns and restrictions being imposed.
In other news today, Queensland has announced it will ease Covid-19 restrictions for theme parks and museums along with pubs, cafes and other venues. From April 14, a COVID-19 vaccine certificate will not be required to enter those venues.
Flight Centre share price snapshot
The Flight Centre share price has soared 12% in the last year, while it has taken off nearly 14% this year to date.
For perspective, the S&P/ASX 200 Index (ASX: XJO) index has returned nearly 11% over the past year.
In the past month, Flight Centre shares have jumped by more than 12%, while they have climbed more than 4% in the past week.
The company has a market capitalisation of about $3.8 billion based on the current share price.
The post Here’s why the Flight Centre share price is taking off today appeared first on The Motley Fool Australia.
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More reading
- These are the 10 most shorted ASX shares
- Do Flight Centre shares have a dividend reinvestment plan?
- Who owns Flight Centre (ASX:FLT) shares? You’ll want to read this
- Finally! 4 travel ASX shares ready to take off: expert
- Do Flight Centre shares pay dividends?
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Helloworld Limited. The Motley Fool Australia owns and has recommended Helloworld Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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