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.
