Flight Centre: please remain seated

This travel agent's share price has risen tenfold since the GFC, and its earnings have risen fivefold but, ignoring an aberration in 2009, it's been on a relatively steady course.

Would the real Flight Centre share price please stand up. The stock has been on a tear recently, rising more than tenfold since hitting a low of $3.39 in March 2008. But it’s just another chapter for this company’s turbulent stock price, which in the preceding ten years rose ninefold and then halved before tripling and falling 90% (see Chart 1).


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