The Webjet Limited share price is up 70% in 12 months

The Webjet Limited (ASX: WEB) share price has been one of the standout performers on the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) in the last 12 months.

During this time the online travel agent’s shares have rallied 70% higher, vastly outperforming the benchmark index.

Why have its shares jumped so much?

An impressive half-year result and upgraded guidance has been the catalyst to Webjet’s strong share price performance.

In February the travel agent reported strong bookings growth and market share gains from all its key businesses.

This led to the company reporting an 87% jump in half-year net profit after tax from continuing operations.

As a result of a strong first-half, management upgraded its full-year EBITDA guidance to $80 million. This will be a big increase on FY 2016, when the company delivered EBITDA of $36.9 million.

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Motley Fool contributor Motley Fool Staff has no position in any 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 Bruce Jackson.

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