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The Oncosil Medical Ltd (ASX: OSL) share price jumped 10% on Thursday after the company received regulatory clearance to market and sell its products in Switzerland. 

About Oncosil 

Oncosil is focused on localised treatments for patients with pancreatic and liver cancer. Its lead product is a first class medical device with target radioactive isotope, which is implanted directly into a patient’s pancreatic tumours via an endoscopic ultrasound. This treatment, known as brachytherapy, is intended to deliver more concentrated and localised radiation. Oncosil is currently approved in the EU, UK, Singapore, Malaysia and New Zealand. 

The company has a market capitalisation of $125 million. As a small cap, the Oncosil share price has seen heightened levels of volatility, especially amid COVID-19. Despite the company’s medical advancements and regulatory approvals, its share price has not made a new high since early 2016. 

OncoSil receives Swiss regulatory approval 

Switzerland is the latest country to provide clearance to market and sell the Oncosil device. The company reports that Switzerland is an attractive market for Oncosil and is highly receptive to innovative technologies. Healthcare spending per capita is high in comparison to other European markets, and private medical insurance is compulsory for all persons in Switzerland.

This follows on from the European Breakthrough Device designation the company received in April 2020, which covers the UK and EU. 

First commercial sale 

On 22 October, the company achieved its first revenues after its first commercially treated patient was implanted with the Oncosil device in New Zealand. The company described it as a “very significant achievement for Oncosil and marks the company’s transition towards being a revenue-generating medical device company.” 

To facilitate its first revenues in Europe by the end of the year, the company has onboarded multiple hospitals throughout Europe and established a central radio-pharmacy in the UK, which will dispense the Oncosil device in up to 15 hospitals in the greater London area. The company cites that another severe lockdown across Europe as a result of COVID remains the greatest unknown factor for its planned launch timeline. 

The pandemic has slowed launch preparations including site training and certification work. Despite these interruptions, the company aims to continue preparations to launch in Europe and remain on track for first revenues in Q4 2020. 

Today’s news has seen the Oncosil share price push higher to 16.5 cents this afternoon. 

More reading

• The IOUpay (ASX:IOU) share price is in a trading halt today
• Goodman (ASX:GMG) share price trading higher after quarterly results
• AMP (ASX:AMP) shuts down ETFs
• Why Domino’s, Estia Health, Pendal, & Treasury Wine shares are dropping lower
• The Treasury Wines (ASX:TWE) share price tumbles lower. Here’s why.

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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The Goodman Group (ASX: GMG) share price is rising today as the company announced an operational update for the first quarter of FY21. Goodman’s share price is currently up 2.91% to a price of $19.48.

What Goodman does

Goodman Group is a REIT (real estate investment trust) with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil.

As such the group owns, develops and manages real estate properties. This includes warehouses, large scale logistics facilities, business and office parks globally.

The group was formed following the merger of Macquarie Goodman Industrial Trust and Macquarie Goodman Management in 2005. Goodman operates four divisions: property investment, fund management, property services and property development.

Quarterly update

The company was able to deliver a strong first quarter despite the implications of COVID-19. 

For the quarter, Goodman reported that it had $51.7 billion total assets under management. The company spoke of the limited supply in markets and how growing demand is reflected in stable occupancy at 97.8%. It also helped drive an increase in net property income of 2.9%.

In terms of development, Goodman reports the strong demand from customers has continued into this quarter, giving the group confidence to further increase its development activity. As such, the company’s work in progress metric has risen to $7.3 billion and is expected to increase further throughout the year. Yield on cost has remained stable at 6.7%.

What now for the Goodman share price?

While the pandemic continues to disrupt markets, Goodman has been one of the few REITs to overcome the challenge. Therefore, while the Australian S&P/ASX 200 Real Estate (ASX: XRE) sector has fallen 17% for the year. In contrast, the Goodman share price has gained 36%, outpacing its sector by a huge 53%.

To this end the company has reaffirmed its earnings guidance for the year ahead. Its guidance for FY21 is 62.7 cps, up 9% on the prior year, and a full year distribution of 30cps.

Goodman also notes that it retains a significant cash balance, liquidity and a strong balance sheet. The company continues to retain profits to fund its share of future capital commitments.

More reading

• Why Flight Centre, Goodman, Inghams, & Scentre shares are charging higher
• Why I would buy Woolworths (ASX:WOW) and these shares for a retirement portfolio
• ASX property shares buoyed by latest market data
• Where to invest $100,000 into ASX shares in November
• These beaten-up shares are about to pick up: Moody’s

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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AMP Limited (ASX: AMP) is decommissioning its entire range of exchange-traded funds (ETFs).

The company announced to the ASX on Wednesday that the following ETFs would be shut down, with their last day of trading on 4 December.

• AMP Capital Global Infr Sec Fund (Unhedged) (ASX: GLIN)
• AMP Capital Dynamic Markets Fund (Hedge Fund) (ASX: DMKT)
• AMP Capital Global Prop Sec Fund (Unhedged) (ASX: RENT)

AMP Capital partners with Betashares to operate the funds. 

It seems these ETFs just failed to attract enough investor interest in the four years of their existence.

“BetaShares and AMP Capital have decided to terminate AMP Capital’s three Active ETF funds due to the lack of scale achieved,” an AMP Capital spokesperson said.

“Rationalisation of our funds is a normal part of our business. AMP Capital regularly reviews its product set to ensure products remain competitive and they meet the ongoing needs of investors.”

At the time of writing on Thursday, the AMP share price is down 0.9% to $1.65.

Has AMP given up on ETFs?

The AMP Capital spokesperson said the company realises ETFs are “a large and growing market segment”.

“While we have made the decision to terminate the Active ETFs, we may launch new Active ETFs in the future should the conditions be right and there is strong investor interest.”

But for now, customers who wished to buy into these ETFs could instead invest in their unlisted equivalents, according to the spokesperson:

• AMP Capital Global Property Securities Fund 
• AMP Capital Global Infrastructure Securities Fund 
• AMP Capital Dynamic Markets Fund

What to do if you own shares of these ETFs

AMP offered two choices for shareholders of the three ETFs.

First choice is they could simply sell off their shares via the ASX on or before 4 December.

The alternative is to hold onto their shares and participate in the wind up process. This will result in a final distribution payment that includes a final dividend plus a split of the liquidated assets.

“It is important to note that investors who hold their units and participate in the fund’s winding up will be subject to market movements until the fund’s assets have been realised.”

Betashares and AMP expect that wind-up shareholders will receive their final distribution amount by the end of the year.

More reading

• Why the Boral (ASX:BLD) share price is up 6% today
• AMP (ASX:AMP) share price up another 7% on top of last week’s record rally
• Takeovers will continue to rock ASX shares
• These were the 5 best performing ASX shares last week
• 6 major events for ASX shares this week

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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The S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is pushing higher on Thursday. At the time of writing, the benchmark index is up 1% to 6,124 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is down over 3% to $84.25. This follows a lukewarm response to its annual general meeting update by a number of brokers. Although the pizza chain operator delivered strong same store sales growth for the first 17 weeks of the financial year, it has slowed since the 10-week stage. This morning UBS retained its sell rating and lifted its price target slightly to $72.00.

Estia Health Ltd (ASX: EHE)

The Estia Health share price has fallen 2% to $1.33 after the release of its first quarter update. Investors have been selling the aged care operator’s shares after it revealed that its total occupancy averaged 91.3% in the first quarter and stood at 89.7% at 31 October 2020. Estia Health has also experienced an increase in costs due to COVID-19.

Pendal Group Ltd (ASX: PDL)

The Pendal share price has tumbled 6.5% to $6.05. This follows the release of its full year results on Wednesday. The fund manager reported cash earnings per share of 45.5 cents per share. This was down 11% from 51.3 cents per share a year earlier. This was driven by a 4% decline in funds under management and a 3% increase in operating expenses.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price fell 6.5% to $8.11 following the release of its annual general meeting presentation. At the event, the wine company spoke about recent media reports regarding its business in China. It said it “has become aware of media reports and speculation relating to a potential embargo of Australian exports, including wine, into China. We have not received any advice or notification from the Chinese authorities in relation to this speculation and are not in a position to comment further at this point in time.”

More reading

• The Treasury Wines (ASX:TWE) share price tumbles lower. Here’s why.
• Domino’s Pizza (ASX:DMP) share price falls after brokers respond to trading update
• Estia Health (ASX:EHE) share price drops lower after COVID hits its Q1 performance
• 5 things to watch on the ASX 200 on Thursday
• Pendal (ASX:PDL) share price falls 7% on disappointing FY20 result

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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The Treasury Wine Estates Ltd (ASX: TWE) share price slumped 7% early today following soft earnings and China’s anti-dumping investigation into Australian wine exports. Here’s the run down from this morning’s AGM. 

Performance update 

The first quarter performance update was largely positive, driven by positive underlying trends across various geographies. 

Treasury Wine experienced a progressive recovery in demand throughout the Asian region in Q1 with depletions up 14%. Depletion is defined as units sold at retail to the end consumer.

In China, positive momentum continued throughout key periods such as the mid-Autumn festival and Golden Week holiday period. Smaller Asian markets such as Southeast Asia is also experiencing a normalisation in consumption despite on-premise and travel retail channels being impacted. 

In Australia and New Zealand, Treasury Wine products above the $10 price point are driving retail market growth. Its masstige portfolio is growing ahead of the market, up 21% in Q1. 

The Americas region was the hardest hit by COVID-19 as a result of challenging wine market conditions and impacts to key sales channels outside of retail and e-commerce. Its Focus 9 brand has been a solid performer in retail channels, growing 32% in Q1.

The AGM presentation highlighted the oversupply of Californian wine in the US. The company will refocus its efforts on premium wines and reducing wine production volumes. 

Finally, demand through its retail challenges remain strong in the UK with Treasury Wine’s portfolio growing 17% in Q1. 

Chinese investigations into wine dumping 

In mid-August, China launched an anti-dumping investigation into Australian wine exports. This follows claims that Australian winemakers were selling bottles of wine at below cost to deliberately crowd out local products and claim a bigger market share. 

On Wednesday, Treasury Wine advised that the China Alcoholic Drinks Association had submitted a written request to the Chinese Ministry of Commerce that imports of Australian wine in containers of two litres or less into China be subject to retrospective tariffs. 

Commenting on the investigation, Treasury Wine chairman Paul Rayner said:

We respect the process initiated by the Chinese government and will continue to fully cooperate as these investigations continue. These investigations do not change our long-term commitment to China as a priority market. 

Treasury Wine’s dependency on China as a growth market and the recent investigation paints uncertainty over what will happen next.

The Treasury Wine share price has slumped more than 10% since Wednesday. After an initial 7% fall after the AGM this morning, shares have rallied slightly trading down 5.77% to $8.17 at the time of writing.

Looking forward 

The company highlighted its increasing optimism around the prospects for earnings recovery from the second half of FY20 in each of its markets outside China. This optimism is supported by the positive underlying trends outlined across each of its markets through the first quarter. 

Despite this, events in China have added significant uncertainty and the company did not provide any earnings guidance. 

More reading

• 5 things to watch on the ASX 200 on Thursday
• Why IDP Education, Sandfire, Telix, & Treasury Wine shares are dropping lower
• Best and worst performing ASX shares in the staples sector
• Why Rural Funds (ASX:RFF) is a great ASX dividend share
• Coca-Cola Amatil (ASX:CCL) share price jumps on M&A speculation

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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The Megaport Ltd (ASX: MP1) share price is falling lower today following the company’s release of a business update this morning. At the time of writing, the Megaport share price is trading just under 2% lower at $14.22. 

What did Megaport announce?

In the September quarter of 2020, Megaport had quarter-on-quarter (QoQ) recurring revenue growth of 2%. Total recurring revenue for the quarter was $5.8 million.

Other highlights from the September quarter included:

• 5% growth in total installed data centres compared with the previous quarter.
• 9% QoQ growth in cloud on ramps.
• 5% normalised monthly recurring revenue growth from the previous quarter.
• 7% growth in total customers during the quarter.
• 10% growth in total ports during the quarter.
• 9% QoQ growth in total number of services. 

Megaport also announced that it is working to integrate its platform with various networking technologies, including Cisco Systems Inc‘s (NASDAQ: CSCO) SD-WAN. According to Megaport, this will extend the reach of its platform.

Megaport also stated that its normalised group profit after direct network costs has continued to expand as revenue growth has been larger than growth in direct network costs. The company stated that its normalised profit after direct network costs was 55% in the 2020 financial year.

About the Megaport share price

Megaport is a technology company that offers network as a service through its data centres. It has been listed on the Australian Stock Exchange since 2015.

In the September 2020 quarter, Megaport had revenue of $17.3 million, an increase of 2% QoQ. Megaport had cash on hand of $152.8 million at 30 September 2020.

The Megaport share price is up 132.73% since its 52-week low of $6.11, it has increased 36.6% since the beginning of the year. The Megaport share price is up 70.1% since this time last year.

More reading

• The Megaport (ASX:MP1) share price sank 16% lower in October: Time to buy?
• Why these ASX mid cap tech shares could smash the market in the 2020s
• 5 ASX tech shares that could be the next WAAAX stocks
• Is Temple & Webster Group Ltd (ASX:TPW) still a buy?
• ASX 200 Weekly Wrap: ASX snaps winning streak… just

Chris Chitty has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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In late morning trade on Thursday the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 1% to 6,122.8 points.

Four shares that are climbing more than most today are listed below. Here’s why they are charging higher:

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is up 3% to $13.31 following the release of its annual general meeting update. Although the company acknowledges that the outlook is uncertain for the travel industry, it believes it should be able weather the storm until conditions improve. Management also highlighted its cost cutting success. This has resulted in a very lean cost base, which could lead to breakeven at 40% of pre-COVID total transaction volume.

Goodman Group (ASX: GMG)

The Goodman share price has risen 3% to $19.46 following its first quarter update. Management notes that the current global environment has reinforced the consumer need for convenience and heightened the use of technology. This has continued to accelerate the adoption of physical infrastructure necessary to support e-commerce, including warehouse and data centre space. As a result, it delivered first quarter like-for-like net property income growth of 2.9% across its managed partnerships.

Inghams Group Ltd (ASX: ING)

The Inghams share price has surged 13% higher to $3.22. Investors have been buying the poultry company’s shares after the release of its first quarter update. According to the release, poultry volumes sold in the first quarter of FY 2021 increased by 6.2% to 110.9 kilotons compared to the prior corresponding period. This growth was driven by strong demand in Australia and New Zealand.

Scentre Group (ASX: SCG)

The Scentre share price is up 1.5% to $2.37 following the release of its third quarter update. According to the release, the shopping centre operator’s portfolio occupancy was 98.4% at the end of September 2020. Scentre also revealed that it has reached agreements regarding COVID arrangements with a total of 3,187 retailers, representing 89% of the 3,600 retail brands in its portfolio.

More reading

• The Flight Centre (ASX:FLT) share price is soaring after AGM
• Is the Scentre Group (ASX:SCG) share price set to recover after this update?
• Inghams (ASX:ING) share price on watch after Q1 business update
• 5 things to watch on the ASX 200 on Thursday
• Travel shares are flying higher today. Here’s why.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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The Esports Mogul Ltd (ASX: ESH) share price is shooting higher today as the company announced “world class player experience” for its users on two popular mobile games.

Shares in the company have seen a strong couple of weeks with the Esports Mogul share price rising by 77% since the start of October. Today, the e-sport matchmaker’s shares are trading higher again. The Esports Mogul share price shot up 9.52% to 2.3 cents in early trade and has since retreated, trading up 4.76% at 2.2 cents at the time of writing.

What Esports Mogul does

Esports Mogul is an ASX listed e-sports business that brings together players, game developers and tournament organisers. Its primary operations have traditionally been in Australia and Southeast Asia. However thanks to recent partnerships, the company is expanding into North America.

Mogul offers its clients an advanced e-sports tournament and matchmaking platform. Mogul.gg is the only platform with full automation for a range of major e-sports titles. The company generates revenue by partnering with brands and creating unique sponsorship-driven e-sports experiences for players at no cost to the end user.

Popular mobile games integrated

Esports Mogul announced today it had deeply integrated two of the world’s “most popular” mobile e-sports titles into its online tournament platform.

The games – Clash Royale and Brawl Stars – are both free-to-play multiplayer games. Clash Royale was released in March 2016 and had amassed $1 billion in revenue in less than one year after release. Brawl Stars was released in December 2018.

Furthermore, Esports Mogul has been granted access to a set of application programming interfaces (APIs) that will improve player experience on its platform. These developments will aid streamers developing better content.

Commenting on the announcement, Esports Mogul CEO Michael Rubinelli said:

I’m very excited about the deep integration of Clash Royale and Brawl Stars into the mogul.gg platform. This serves as another proofpoint for us further demonstrating our level of customer obsession and player focus.

More reading

• Why the Esports Mogul (ASX:ESH) share price is down today
• Why the Emerge Gaming Ltd (ASX:EM1) share price jumped 12% today
• The Esports Mogul (ASX:ESH) share price has surged up 57%. Here’s why

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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Qantas Airways Limited (ASX: QAN) hasn’t mucked around putting on a massive volume of flights for the New South Wales-Victoria border reopening.

On Wednesday, the NSW government announced the border with its southern neighbour would be reopened on 23 November. From that date, travellers between the states no longer need to quarantine.

After ASX trading closed yesterday, the airline revealed how it would take advantage.

As soon as the border opens, Qantas and its budget brand, Jetstar, will operate 272 flights each week between the states, equating to 48,000 seats. A further 10 flights will be added on 7 December.

The new flights will ferry passengers between Melbourne, Sydney, Ballina, Mildura, Newcastle and Bendigo.

Currently, with COVID-19 border closures in place, Sydney-Melbourne is the only route operating between Australia’s most populous states — with only 10 flights per week.

Before the pandemic, the Sydney-Melbourne route was the second most popular flight path in the world, with only Seoul-Jeju busier.

Qantas domestic and international chief, Andrew David, said the border opening was “fantastic news”.

“November 23 will be a day many people will now be looking forward to. It’s exciting for the family and friends who can finally be reunited after months apart,” he said.

“It’s also great for businesses, and great for getting more of our planes in the air and more of our people back to work.”

Airline	Route	Weekly return flights from 23 Nov	Lead-in one-way fare
Qantas	Melbourne-Sydney	75	From $199
Jetstar	Melbourne-Sydney	42	From $75
Jetstar	Melbourne-Ballina	5	From $97
Qantas	Mildura-Sydney	4	From $229
Jetstar	Melbourne-Newcastle	10	From $64
Qantas	Bendigo-Sydney	5 (from 7 Dec)	From $199

Flying is back, but still not to pre-COVID levels

The restored level of 282 flights is still nowhere near the airline’s pre-coronavirus levels. 

“On a busy day, Qantas and Jetstar would operate more than 100 flights per day between New South Wales and Victoria,” said David.

“During the lockdown, our schedule reduced to as low as one flight a day.”

The Qantas share price had already rocketed 2.24% upwards on Wednesday after the border opening was announced, to hit $4.57.

David praised the NSW government for reopening to Victoria, while criticising the insular attitude of some other states.

“New South Wales has led the way in taking a sensible, risk-based approach to borders that’s supported by what is probably one of the best contact tracing programs in the world,” he said.

“Queensland and Western Australia are unfortunately taking a different approach, which doesn’t seem based on a realistic assessment of risk.”

More reading

• 4 top ASX share picks to buy
• Travel shares are flying higher today. Here’s why.
• Are ASX retail investors ‘dumb money’?
• Why these 7 ASX 200 shares received broker upgrades this week
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Tony Yoo owns shares of Qantas Airways Limited. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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Shares in Flight Centre Travel Group Ltd (ASX: FLT) took flight in early trade today after the travel company’s annual general meeting (AGM). The share price went up more than 5% after management conveyed its beaten-down results from FY20 and the strategy going forward.

Highlights from today’s AGM

• In FY20, the company has delivered an underlying loss before tax of $510 million before one-off items, including COVID-19 induced expenses of $339 million. On a statutory basis, Flight Centre delivered a loss of $849 million before tax
• Management highlighted its swift action to stabilise the ship by cutting costs – which has resulted in a very lean cost base – one that could ensure breakeven at 40% of pre-COVID total transaction volume (TTV) 
• $1 billion of available liquidity, due to the $700 million injected by shareholders in April and May
• Management highlighted that before February when the pandemic hit, the company was doing great with underlying profit before tax in the order of $150 million
• Company to focus on the corporate travel unit as it is more profitable than the leisure unit due to its structurally lower cost base
• No guidance will be provided for FY21 due to uncertainty

Strategy going forward

Although the outlook is very much uncertain for the travel industry, Flight Centre will focus on its corporate travel unit as it believes that segment will recover first, ahead of the leisure unit. 

With the cost base slashed significantly, the company says it should be able weather the storm until conditions improve. It will also be able to focus on its strategic investments including Ignite (now 100% owned) and tech businesses TP Connects and WhereTo.

The company also noted that the JobKeeper program it received in Australia and similar schemes in other countries had provided much-needed financial support. In Australia and Canada, these support programs now extend through to the 2021 calendar year. The company said it was likely that further extensions would be required to support struggling travel, aviation and tourism sector businesses and to save jobs.

How the Flight Centre share price has done this year

Although the Flight Centre share price has partially recovered from its lows in March, it has taken a beating this year and is down by 65% YTD.  The share price is currently trading at $13.48 up 4.25%. Its market cap stands at $2.6 billion.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Travel shares are flying higher today. Here’s why.
• Zip and Credit Clear were among the most traded shares on the ASX last week
• These are the 10 most shorted shares on the ASX
• These were the worst performing shares on the ASX 200 in October

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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