Allegiant Travel Company

Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline. The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment represents activity related to the development and construction of Sunseeker Resort in Southwest Florida, as well as the operation of Kingsway Golf Course. The Other non-Airline segment includes the Teesnap golf course management solution and Allegiant Nonstop family entertainment centers. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

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Allegiant Travel overcomes challenges, eyes growth through strategic initiatives

Allegiant Travel Company navigated challenges in Q4 2022 to achieve strong financial performance.
The company's focus on existing market growth and operational integrity positions it well for the future.
Opportunities in partnerships, insurance coverage, and strategic investments offer avenues for growth.
Challenges like pilot availability and inflationary pressures require proactive management.
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Allegiant Travel beats earnings expectations, eyes long-term growth opportunities

Allegiant Travel Company's Q1 performance exceeded expectations, with strong revenue growth and operational metrics showcasing resilience and continuous improvement.
While facing challenges from pilot inefficiency, labor costs, and capacity reductions, Allegiant remains focused on long-term value and profitability.
Opportunities in the Sunseeker Resort project, operational enhancements, and targeted strategies for leisure travel demand position Allegiant for future growth.
Maintaining strong liquidity and a commitment to operational reliability and brand integrity underscore Allegiant's positive outlook for the future.
Despite short-term challenges, Allegiant's financial performance and strategic focus highlight a path towards sustained success and profitability.

Allegiant Travel reports strong Q2 performance and strategic growth outlook

Allegiant Travel Company's Q2 performance reflects operational excellence, customer engagement, and promising revenue prospects, supported by strategic initiatives and strong demand for Sunseeker Resort.
While facing short-term financial challenges and cost pressures, Allegiant's focus on pilot recruitment, fleet expansion, and revenue optimization presents opportunities for sustainable growth and market leadership.
Overall, Allegiant's performance highlights resilience, strategic foresight, and a commitment to enhancing shareholder value, positioning the company for long-term success in the competitive airline industry.

Allegiant Travel reports 11th consecutive quarter of airline profits

Allegiant Travel Company (ALGT) continues its streak of airline operating profits, emphasizing cost discipline and strategic investments. Despite challenges like high fuel prices and tough competition, the company's focus on reshaping the leisure travel sector and driving revenue growth presents significant opportunities. With a strong performance in Q3 and a strategic approach to capacity management, Allegiant is poised for continued success.

Allegiant Travel reports record revenue, faces challenges with Sunseeker

Allegiant Travel Company's Q4 2023 Earnings Call highlighted strong financial performance, operational gains, and strategic initiatives to drive revenue growth and margin restoration. Despite challenges with Sunseeker's delayed contribution and ATI approval delays, the company remains focused on leveraging strengths in customer loyalty and brand demand.

Allegiant Travel Company faces Q1 challenges, eyes operational enhancements

Allegiant Travel Company faced challenges in Q1 2024 with below-expectation results and operational hurdles.
Despite setbacks, the company aims to enhance margins through strategic initiatives and revenue diversification.
Sunseeker Resorts' challenges and industry dynamics require ongoing adaptation and operational improvements.
Efforts to optimize operations, increase aircraft utilization, and focus on revenue streams highlight Allegiant's resilience and growth potential.

Allegiant Travel navigates challenges, eyes growth opportunities in 2025

Allegiant Travel Company faced operational challenges but is actively working to mitigate financial impacts and improve performance in 2025.
Despite concerns such as Boeing delays and industry challenges, Allegiant's unique business model and growth outlook position the company for future success.
The company's focus on revenue growth, operational efficiency, and strategic decision-making reflects a commitment to driving profitability and long-term value.
Analysts' questions and executive discussions highlighted areas of concern and strategic considerations, underscoring the need for proactive management and operational adjustments.

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Allegiant Travel Co. engages in the provision of leisure travel services. It operates through the Airline and Sunseeker Resort segments. The Airline segment involves the scheduled service air transportation, ancillary air-related and third-party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment includes hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, the Aileron Golf Course, and other resort amenities. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

LAS VEGAS , Oct. 26, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2022 as well as third quarter 2022. "We ended the quarter with adjusted1 earnings, excluding 2022 employee recognition bonus in-line with our updated guidance," stated Gregory Anderson, president and chief financial officer.

ALLEGIANT REPORTS SEPTEMBER 2022 TRAFFIC

Allegiant World Mastercard® Is Top Ranked For Fourth Consecutive Year LAS VEGAS , Oct. 21, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced its Allegiant World Mastercard® and Allegiant Allways Rewards® were voted as the No. 1 Best Airline Credit Card and Best Frequent Flyer Program in USA Today's 10Best 2022 Loyalty/Rewards Readers' Choice Awards.

READERS' CHOICE PICKS ALLEGIANT FOR BEST AIRLINE CREDIT CARD AND BEST FREQUENT FLYER PROGRAM

Cross-country alliance reaches major milestone in gaining Mexico's regulatory approval; U.S. Department of Transportation (DOT) approval still in process LAS VEGAS and MEXICO CITY , Oct. 17, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and Viva Aerobus today announced that the Federal Economic Competition Commission (COFECE) unconditionally authorized the Commercial Alliance Agreement between both airlines announced in December 2021. This alliance also includes a strategic equity investment by Allegiant in the Mexican airline.

MEXICAN ANTITRUST COMMISSION AUTHORIZES COMMERCIAL ALLIANCE AGREEMENT BETWEEN ALLEGIANT AND VIVA AEROBUS

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LAS VEGAS , Oct. 14, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2022 financial results conference call for Wednesday, November 2 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2022 EARNINGS CALL

Allegiant, the only airline to make the list, recognized for employee sentiment and satisfaction LAS VEGAS , Oct. 6, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced it has been named to Newsweek 's Top 100 Most Loved Workplaces® list for the second consecutive year, ranking 96th among the top 100 companies recognized for employee sentiment and satisfaction for 2022. Allegiant was the only airline to make this year's list.

ALLEGIANT NAMED TO NEWSWEEK'S LIST OF THE TOP 100 MOST LOVED WORKPLACES FOR 2022

Allegiant (ALGT) expects third-quarter revenues to increase 27.5% from the third-quarter 2019 actuals.

Allegiant (ALGT) Cuts Q3 View on Hurricane Ian's Likely Impact

Travel company pledges support and activates platform for online donations LAS VEGAS , Sept. 30, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced a $100,000 donation to the American Red Cross as the nonprofit provides critical disaster relief to communities in the aftermath of Hurricane Ian.

ALLEGIANT GIVES $100,000 TO AMERICAN RED CROSS FOR HURRICANE RELIEF

LAS VEGAS , Sept. 29, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2022.

ALLEGIANT REPORTS AUGUST 2022 TRAFFIC

Offering a new way to pay - customers can travel now and pay over time on all Allegiant bookings for flights, hotels and car rentals SUNNYVALE, Calif. , Sept. 22, 2022 /PRNewswire/ -- Uplift, the only enterprise Buy Now Pay Later (BNPL) solution serving the world's top travel and retail brands, has grown its long standing partnership with Allegiant by introducing Allegiant Pay Powered by Uplift on all flights, hotel and car rental bookings making it even easier for customers to pay over time.

Allegiant Introduces Allegiant Pay Powered by Uplift Through Expanded Long Term Partnership with Buy Now Pay Later Leader Uplift

Allegiant nonstoplife takes flight with rebranding of Sunseeker magazine LAS VEGAS , Sept. 21, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced a rebrand of its signature inflight magazine – an expert guide to the best places to eat, drink and have fun throughout its all-nonstop network –  as part of the airline's ongoing commitment to enhancing the inflight experience and delivering meaningful, fulfilling travel experiences to its customers.

Allegiant Enhancing Onboard Experience with Rebranded Inflight Magazine and New Fall Menu Selections

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LAS VEGAS , Sept. 5, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) announced it has repaid the $24.8 million dollar emergency relief loan the company received under the Coronavirus Aid, Relief and Economic Security (CARES) Act in April 2020.

ALLEGIANT ANNOUNCES REPAYMENT OF ITS OBLIGATIONS UNDER THE CARES ACT PAYROLL SUPPORT PROGRAM

Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?

Why Is Allegiant Travel (ALGT) Down 16% Since Last Earnings Report?

LAS VEGAS , Aug. 30, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2022. Scheduled Service – Year Over Three-Year Comparison July 2022 July 2019 Change Passengers 1,931,557 1,740,997 10.9 % Revenue passenger miles (000) 1,712,627 1,483,724 15.4 % Available seat miles (000) 1,892,609 1,682,024 12.5 % Load factor 90.5 % 88.2 % 2.3pts Departures 12,381 11,832 4.6 % Average stage length (miles) 866 834 3.8 %   Total System* - Year Over Three-Year Comparison July 2022 July 2019 Change Passengers 1,941,360 1,750,065 10.9 % Available seat miles (000) 1,926,160 1,725,577 11.6 % Departures 12,578 12,165 3.4 % Average stage length (miles) 867 833 4.1 %   Scheduled Service – Year Over Year Comparison July 2022 July 2021 Change Passengers 1,931,557 1,852,193 4.3 % Revenue passenger miles (000) 1,712,627 1,591,306 7.6 % Available seat miles (000) 1,892,609 1,957,736 (3.3 %) Load factor 90.5 % 81.3 % 9.2pts Departures 12,381 13,428 (7.8 %) Average stage length (miles) 866 834 3.8 %   Total System* - Year Over Year Comparison July 2022 July 2021 Change Passengers 1,941,360 1,857,678 4.5 % Available seat miles (000) 1,926,160 1,982,157 (2.8 %) Departures 12,578 13,634 (7.7 %) Average stage length (miles) 867 832 4.2 % *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS JULY 2022 TRAFFIC

LAS VEGAS , Aug. 18, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today closed its private offering and issued $550.0 million in aggregate principal amount of its 7.250% Senior Secured Notes due 2027 (the "Notes").  Each of the company's subsidiaries guaranteed the Notes, other than Dustland, LLC, Sunseeker Resorts, Inc. and its subsidiaries and certain other insignificant subsidiaries.

ALLEGIANT TRAVEL COMPANY COMPLETES SENIOR SECURED DEBT REFINANCING

MINNEAPOLIS--(BUSINESS WIRE)-- #Allegiant--Allegiant looks to Navitaire to power its digital transformation

Allegiant Teams with Navitaire to Transform Digital Platforms

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LAS VEGAS , Aug. 10, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) (the "Company," "we," "us," or "our") has agreed to sell $550.0 million in aggregate principal amount of its 7.250% Senior Secured Notes due 2027 (the "Notes") at an offering price of 99.486% of their principal amount to investors in a private offering. The size of the offering was increased by $50 million from the previously announced offering size of $500 million.

ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $550 MILLION OFFERING OF SENIOR SECURED NOTES

LAS VEGAS , Aug. 10, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) (the "Company," "we," "us," or "our") has commenced an offering of $500.0 million in aggregate principal amount of Senior Secured Notes due 2027 (the "Notes") to investors in a private offering.  Each of the Company's subsidiaries will guarantee the Notes, other than Dustland, LLC, Sunseeker Resorts, Inc. and its subsidiaries and certain other insignificant subsidiaries.

ALLEGIANT TRAVEL COMPANY ANNOUNCES OFFERING OF SENIOR SECURED NOTES

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Allegiant Travel Company (NASDAQ:ALGT ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations John Redmond - Chief Executive Officer Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President, Revenue & Planning Greg Anderson - President & Chief Financial Officer Conference Call Participants Savi Syth - Raymond James Helane Becker - Cowen Scott Group - Wolfe Research Daniel McKenzie - Seaport Global Operator Thank you for standing by. Welcome to the Second Quarter 2022 Allegiant Travel Company Earnings Conference Call.

Allegiant Travel Company (ALGT) CEO John Redmond on Q2 2022 Results - Earnings Call Transcript

Allegiant Travel (ALGT) delivered earnings and revenue surprises of 0% and 0.10%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Allegiant Travel Company Stock (ALGT)