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.

Second quarter 2022 GAAP diluted earnings per share of $0.24 Second quarter 2022 diluted earnings per share, excluding recognition bonus(1) of $0.62 (1)(2) LAS VEGAS , August 3, 2022  /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2022, as well as comparisons to prior years: Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $           629.8 $           472.4 $            491.8 33.3 % 28.1 % Total operating expense 603.7 333.6 383.7 81.0 57.4 Operating income 26.1 138.9 108.1 (81.2) (75.8) Income before income taxes 5.8 122.6 91.8 (95.2) (93.6) Net income 4.4 95.0 70.5 (95.4) (93.8) Diluted earnings per share $              0.24 $              5.49 $              4.33 (95.6) (94.5) Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $        1,130.0 $           751.6 $            943.4 50.3 % 19.8 % Total operating expense 1,096.6 588.1 744.2 86.5 47.4 Operating income 33.4 163.5 199.2 (79.6) (83.3) Income (loss) before income taxes (4.7) 131.2 165.7 (103.6) (102.9) Net income (loss) (3.5) 101.9 127.7 (103.5) (102.8) Diluted earnings (loss) per share $            (0.20) $              6.04 $              7.84 (103.3) (102.6) (1) Recognition bonus awarded despite not meeting internal profit-sharing targets (2)   Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "Demand surged in the second quarter resulting in the highest revenue-generating quarter in company history," stated John Redmond, CEO of Allegiant Travel Company.

ALLEGIANT TRAVEL COMPANY SECOND QUARTER FINANCIAL RESULTS

D. Scott Sheldon and Gregory C. Anderson to assume new roles as  Presidents of Allegiant Travel Company LAS VEGAS , July 28, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that D.

ALLEGIANT TRAVEL COMPANY ANNOUNCES EXECUTIVE PROMOTIONS

LAS VEGAS — Shares of Allegiant Air's parent company tumbled in after-hours trading Monday after the budget airline gave a disappointing preview of its second-quarter earnings that it said were undercut by higher costs, including fuel.

Budget airline Allegiant cuts profit outlook on rising costs; stock plunges

LAS VEGAS , July 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2022 as well as second quarter 2022. "Total revenue for the second quarter was roughly $629 million, up 28 percent from 2019," stated Drew Wells, senior vice president, revenue.

ALLEGIANT REPORTS JUNE 2022 TRAFFIC

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LAS VEGAS , July 20, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2022 financial results conference call for Wednesday, August 3 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 SECOND QUARTER 2022 EARNINGS CALL

Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Allegiant Travel (ALGT) Q2 Earnings Expected to Decline

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Allegiant Travel (ALGT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Allegiant Travel (ALGT) Soars 5.3%: Is Further Upside Left in the Stock?

Allegiant (ALGT) expects Q2 fuel price per gallon to be $4.30.

Allegiant (ALGT) Stock Gains in Friday's Trading: Here's Why

Leisure airline Allegiant Travel Co said on Friday bookings beyond the summer travel season were trending above pre-pandemic levels, an early sign that demand was holding steady in the face of rising inflation.

U.S. airline Allegiant sees strong demand lasting beyond summer

LAS VEGAS , June 17, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2022. "We grew capacity by nearly 16 percent during May, as compared with 2019, and completed the month with a load factor of 87 percent, the highest month since the onset of the pandemic," stated Drew Wells, senior vice president, revenue.

ALLEGIANT REPORTS MAY 2022 TRAFFIC

Allegiant (ALGT) currently benefits from upbeat air-travel demand and a strong cash position. However, escalating fuel cost is a headwind.

Here's Why You Should Retain Allegiant (ALGT) Stock Now

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

Allegiant Travel (ALGT) Down 4.6% Since Last Earnings Report: Can It Rebound?

Allegiant Travel saw topline growth being absorbed by growing costs. Airline has cut 10% of its schedule for the second quarter to improve operational reliability.

Allegiant Travel Surges: A Look At Results

LAS VEGAS, May 19, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2022. Scheduled Service – Year Over Three-Year Comparison April 2022 April 2019 Change Passengers 1,515,579 1,268,298 19.5% Revenue passenger miles (000) 1,403,617 1,154,056 21.6% Available seat miles (000) 1,646,286 1,425,278 15.5% Load factor 85.3% 81.0% 4.3pts Departures 10,349 9,305 11.2% Average stage length (miles) 901 895 0.7%   Total System* - Year Over Three-Year Comparison April 2022 April 2019 Change Passengers 1,525,921 1,281,143 19.1% Available seat miles (000) 1,677,606 1,471,005 14.0% Departures 10,594 9,653 9.7% Average stage length (miles) 898 891 0.8%   Scheduled Service – Year Over Year Comparison April 2022 April 2021 Change Passengers 1,515,579 1,009,460 50.1% Revenue passenger miles (000) 1,403,617 904,249 55.2% Available seat miles (000) 1,646,286 1,417,235 16.2% Load factor 85.3% 63.8% 21.5pts Departures 10,349 9,408 10.0% Average stage length (miles) 901 868 3.8%   Total System* - Year Over Year Comparison April 2022 April 2021 Change Passengers 1,525,921 1,016,688 50.1% Available seat miles (000) 1,677,606 1,447,376 15.9% Departures 10,594 9,663 9.6% Average stage length (miles) 898 863 4.1% *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS APRIL 2022 TRAFFIC

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LAS VEGAS , May 6, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces seven new nonstop routes beginning service as soon as August. To celebrate, Allegiant is offering one-way fares on the new routes as low as $29.

ALLEGIANT ANNOUNCES SEVEN NEW NONSTOP ROUTES WITH FARES AS LOW AS $29*

High fuel costs hurt Allegiant's (ALGT) bottom line in the first quarter of 2022. However, significant increase in passenger revenues drive the company's top line in the quarter.

Allegiant (ALGT) Incurs Loss in Q1, Revenues Surge 79% Y/Y

Allegiant Travel Company (NASDAQ:ALGT ) Q1 2022 Results Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Sherry Wilson - Director, IR Maury Gallagher - Chairman and CEO John Redmond - President Scott DeAngelo - CMO Drew Wells - SVP, Revenue Greg Anderson - EVP, CFO and Principal Accounting Officer Scott Sheldon - EVP and COO Conference Call Participants Savanthi Syth - Raymond James Mike Linenberg - Deutsche Bank Brandon Oglenski - Barclays Catherine O'Brien - Goldman Sachs Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Operator [Abrupt Start] Q1 2022 Allegiant Travel Company Earnings Conference Call. My name is John, I'll be the operator for today' call.

Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2022 Results - Earnings Call Transcript

Allegiant Travel (ALGT) delivered earnings and revenue surprises of -220% and 1.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Allegiant Travel (ALGT) Reports Q1 Loss, Tops Revenue Estimates

First quarter 2022 GAAP diluted (loss) per share of $(0.44) First quarter 2022 diluted (loss) per share, excluding recognition bonus(1) of $(0.12) (1)(2) LAS VEGAS , May 4, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2022, as well as comparisons to prior years: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $           500.1 $           279.1 $            451.6 79.2% 10.7% Total operating expense 492.9 254.5 360.5 93.6 36.7 Operating income 7.2 24.6 91.1 (70.6) (92.1) Income (loss) before income taxes (10.6) 8.7 73.9 (221.9) (114.3) Net income (loss) (7.9) 6.9 57.1 (214.7) (113.8) Diluted earnings (loss) per share $            (0.44) $              0.42 $              3.52 (204.8) (112.5) (1) Recognition bonus awarded despite not meeting internal profit-sharing targets (2)   Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "The first quarter marked a sizable shift in the demand environment," stated Maurice J.

ALLEGIANT TRAVEL COMPANY FIRST QUARTER FINANCIAL RESULTS

Allegiant Travel (ALGT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Locally based operation to bring investment in jobs, future opportunities PROVO, Utah , April 26, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a four-aircraft base at Provo Airport (PVU). The Las Vegas-based company will invest approximately $95 million to establish the new base of operations, creating at least 157 new, high-wage jobs.

Allegiant Announces Aircraft Base in Provo, Utah

LAS VEGAS , April 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2022 financial results conference call for Wednesday, May 4 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

News for Allegiant Travel Company Stock (ALGT)