If you’d spent $1,000 buying Flight Centre shares at the start of October, guess how much you’d have now

Flight Centre Travel Group Ltd (ASX: FLT) shares have lifted 14% so far this month.

The travel company’s share price has risen from $14.22 at market close on 30 September to $16.25 at the time of writing.

Let’s take a look at how a $1,000 investment in this ASX travel share would be faring now.

Taking off

If you had invested $1,000 in Flight Centre after market close on 30 September, you would be on a winner.

With a $1,000 investment, you would have walked away with 70 Flight Centre shares with $4.60 left over.

Now, these shares are fetching $16.25 per share based on the share price at the time of writing. So this investment would now be worth $1,137.50.

So in less than a month, you would have made $137.50 from a $1,000 investment.

Looking at the bigger picture, on 19 March 2020 — just as COVID-19 began to turn the world upside down — Flight Centre shares were fetching just $8.921. At this time, with $1,000, you would have gained 112 shares with 85 cents left over. This investment would now be worth $1,820.

This means, if you had held onto the shares through the turbulent times, you would still be ahead.

Flight Centre has not paid a dividend since 2019. In March 2020, Flight Centre cancelled its interim dividend amid COVID-19 border closures.

Flight Centre share price snapshot

Flight Centre shares have lost around 8% in the year to date, while they have fallen 19% in the past year.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has slid more than 8% in the year to date.

The ASX travel share has a market capitalisation of nearly $3.3 billion.

The post If you’d spent $1,000 buying Flight Centre shares at the start of October, guess how much you’d have now appeared first on The Motley Fool Australia.

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More reading

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• Could this tailwind fuel Flight Centre’s share price into the future?
• Here are the top 10 ASX 200 shares today
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• Are Flight Centre shares worth buying in October?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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