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.

Allegiant's (ALGT) scheduled load factor expands 20 points year over year to 77.6% in November 2021.

Allegiant (ALGT) Posts Stellar November Traffic Figures

LAS VEGAS, Dec. 16, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2021. Scheduled Service – Year Over Two-Year Comparison November 2021 November 2019 Change Passengers 1,187,477 1,101,346 7.8% Revenue passenger miles (000) 1,066,154 962,614 10.8% Available seat miles (000) 1,373,420 1,197,831 14.7% Load factor 77.6% 80.4% (2.8 pts) Departures 8,923 8,189 9.0% Average stage length (miles) 876 857 2.2%   Total System* - Year Over Two-Year Comparison November 2021 November 2019 Change Passengers 1,211,017 1,129,065 7.3% Available seat miles (000) 1,430,727 1,255,381 14.0% Departures 9,448 8,739 8.1% Average stage length (miles) 862 841 2.5%   Scheduled Service – Year Over Year Comparison November 2021 November 2020 Change Passengers 1,187,477 682,976 73.9% Revenue passenger miles (000) 1,066,154 596,377 78.8% Available seat miles (000) 1,373,420 1,034,482 32.8% Load factor 77.6% 57.6% 20.0pts Departures 8,923 6,940 28.6% Average stage length (miles) 876 861 1.7%   Total System* - Year Over Year Comparison November 2021 November 2020 Change Passengers 1,211,017 692,327 74.9% Available seat miles (000) 1,430,727 1,065,731 34.2% Departures 9,448 7,201 31.2% Average stage length (miles) 862 854 0.9% *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS NOVEMBER 2021 TRAFFIC

Allegiant (ALGT) intends to add nine new non-stop routes to leisure destinations like Arizona and Florida, beginning this spring.

Allegiant (ALGT) to Introduce New Routes for Spring Travel

LAS VEGAS, Dec. 7, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces nine new nonstop routes for spring vacation travel to premier destinations in Florida and the southwest. To celebrate, Allegiant is offering one-way fares on the new routes as low as $39.

Allegiant Announces Nine New Nonstop Routes To Premier Spring Break Destinations With Fares As Low As $39*

LAS VEGAS--(BUSINESS WIRE)-- #CDBAviation--CDB Aviation has delivered an Airbus A320-200 to a new customer in the Americas region, Las Vegas-based ultra-low-cost airline Allegiant.

CDB Aviation Delivers A320 Aircraft to Allegiant

The partnership between Allegiant (ALGT) and Viva Aerobus', on materialization, is expected to widen travel options for passengers between Mexico and the United States.

Allegiant (ALGT) to Commence United States-Mexico Service

Allegiant Travel Co (NASDAQ: ALGT) agreed to make an equity investment of $50 million in Viva Aerobus and form a fully-integrated Commercial Alliance Agreement. Allegiant Chairman and CEO Maurice J.

Allegiant Steps Up Mexican Entry Via Alliance With Viva Aerobus, Makes $50M Equity Investment

LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and Viva Aerobus today announced plans for a fully-integrated Commercial Alliance Agreement, designed to dramatically expand options for nonstop leisure air travel between the United States and Mexico, while lowering fares to make travel more accessible and affordable for residents of both nations. The alliance is not only the first such venture for Las Vegas-based Allegiant and Viva Aerobus, but is also first-of-its-kind in the airline industry between two ultra low cost carriers (ULCCs).

Allegiant, Viva Aerobus Announce First-Of-Its-Kind Commercial Alliance Agreement

Goldman Sachs analyst Catherine O'Brien upgraded Allegiant Travel Company (NASDAQ:ALGT) to Buy from Neutral and raised the price target to $250, from $245, representing 32.8% upside. The analyst expects the company to see one of the fastest profitability recoveries in airlines and ultimately produce "top-of-industry" margins.

Goldman Sachs Is Bullish On Allegiant Travel - Read Why

Allegiant's (ALGT) load factor expands 11.6 points year over year to 74.7% in October 2021.

Allegiant (ALGT) Reports Stellar October Traffic Figures

Allegiant Travel Co (NASDAQ: ALGT) October 2021 total system passengers increased 4.8% to 1,192,133, versus October 2019. Total system passengers improved 51.4% year-over-year, while Available seat miles improved 29.2% Y/Y and Departures rose 28.8% Y/Y.

Allegiant Clocks 29.2% Y/Y Growth In October Capacity

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2021. Scheduled Service – Year Over Two-Year Comparison October 2021 October 2019 Change Passengers 1,163,152 1,106,576 5.1% Revenue passenger miles (000) 1,014,278 944,538 7.4% Available seat miles (000) 1,358,612 1,136,093 19.6% Load factor 74.7% 83.1% (8.4 pts) Departures 9,094 7,929 14.7% Average stage length (miles) 849 838 1.3%   Total System* - Year Over Two-Year Comparison October 2021 October 2019 Change Passengers 1,192,133 1,138,029 4.8% Available seat miles (000) 1,424,053 1,219,562 16.8% Departures 9,680 8,607 12.5% Average stage length (miles) 835 828 0.8%   Scheduled Service – Year Over Year Comparison October 2021 October 2020 Change Passengers 1,163,152 773,275 50.4% Revenue passenger miles (000) 1,014,278 671,025 51.2% Available seat miles (000) 1,358,612 1,063,369 27.8% Load factor 74.7% 63.1% 11.6pts Departures 9,094 7,178 26.7% Average stage length (miles) 849 852 (0.4%)   Total System* - Year Over Year Comparison October 2021 October 2020 Change Passengers 1,192,133 787,284 51.4% Available seat miles (000) 1,424,053 1,102,335 29.2% Departures 9,680 7,517 28.8% Average stage length (miles) 835 843 (0.9%) *Total system includes scheduled service and fixed fee contract.

Allegiant Reports October 2021 Traffic

LAS VEGAS, Nov. 8, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced a five-year collaboration with Amazon Web Services (AWS), Inc., selecting AWS as its Preferred Cloud Provider. With its unique-to-industry focus on leisure travel, providing affordable, nonstop flights to premier vacation destinations, Allegiant has evolved as an integrated travel company, increasingly offering lodging, rental cars and access to special experiences to customers.

Allegiant Collaborates With AWS To Take Its Customers To The Cloud

Improvement in air-travel demand boosts Allegiant's (ALGT) third-quarter results.

Allegiant (ALGT) Q3 Earnings Miss Estimates, Increase Y/Y

Allegiant Travel's (ALGT) CEO Maury Gallagher on Q3 2021 Results - Earnings Call Transcript

Allegiant Travel (ALGT) delivered earnings and revenue surprises of -5.71% and 2.99%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Allegiant Travel (ALGT) Q3 Earnings Miss Estimates

Allegiant Travel (NASDAQ:ALGT) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:01 PM. Here's what investors need to know about the announcement.

Allegiant Travel: Q3 Earnings Insights

LAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2021, as well as comparisons to the prior years: Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 459.5 $ 201.0 $ 436.5 128.6 % 5.3 % Total operating expense 393.2 234.1 364.4 68.0 7.9 Operating income (loss) 66.3 (33.1) 72.1 300.4 (8.1) Income (loss) before income taxes 50.2 (44.7) 56.9 212.4 (11.7) Net income (loss) 39.3 (29.1) 43.9 234.7 (10.6) Diluted earnings (loss) per share $ 2.18 $ (1.82) $ 2.70 219.8 (19.3)   Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 1,211.0 $ 743.5 $ 1,379.9 62.9 % (12.2) % Total operating expense 981.3 1,000.8 1,108.6 (2.0) (11.5) Operating income (loss) 229.7 (257.3) 271.3 189.3 (15.3) Income (loss) before income taxes 181.5 (321.9) 222.6 156.4 (18.5) Net income (loss) 141.2 (155.3) 171.6 190.9 (17.7) Diluted earnings (loss) per share $ 8.18 $ (9.75) $ 10.54 183.9 (22.4)   Consolidated - adjusted Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 428.0 $ 278.4 $ 364.4 53.7 % 17.5 % Adjusted operating income (loss) (1) (2) 31.5 (77.4) 72.1 140.7 (56.3) Adjusted income (loss) before income taxes (1) (2) 15.4 (89.0) 56.9 117.3 (72.9) Adjusted net income (loss) (1) (2) 11.9 (68.5) 43.9 117.4 (72.9) Adjusted diluted earnings (loss) per share (1) (2) $ 0.66 $ (4.28) $ 2.70 115.4 (75.6)   Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 1,144.7 $ 872.3 $ 1,108.6 31.2 % 3.3 % Adjusted operating income (loss) (1) (2) 66.3 (128.8) 271.3 151.5 (75.6) Adjusted income (loss) before income taxes (1) (2) 18.1 (166.8) 222.6 110.9 (91.9) Adjusted net income (loss) (1) (2) 14.0 (128.4) 171.6 110.9 (91.8) Adjusted diluted earnings (loss) per share (1) (2) $ 0.82 $ (8.07) $ 10.54 110.2 (92.2) (1) Adjusted numbers exclude COVID related special charges, the net benefit from the payroll support programs (PSPs), and bonus accruals (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "We finished the quarter with earnings per share of $2.18, our second consecutive quarter of profitability since the onset of the pandemic," stated Maurice J.

Allegiant Travel Company Third Quarter 2021 Financial Results

LAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces that maintenance technician and related employees represented by the International Brotherhood of Teamsters (IBT) have voted to ratify their first collective bargaining agreement with the company.   "The work of our maintenance team is central to the safe and seamless operations our customers depend upon," said Maurice J.

Allegiant Announces Vote To Ratify Maintenace Technicians Contract With International Brotherhood Of Teamsters

Allegiant's (ALGT) load factor expands 13.1 points year over year to 70.5% in September 2021.

Allegiant (ALGT) Shares Fall In Spite of Rosy September Traffic

LAS VEGAS, Oct. 18, 2021 /PRNewswire/ -- The Board of Directors of Allegiant Travel Company (NASDAQ: ALGT) today announced Sandra Douglass Morgan as its newest member.  Morgan, an attorney and former regulator, is currently the owner and manager of Douglass Morgan, LLC, a legal and consulting firm, and is the immediate past chairwoman of the Nevada Gaming Control Board.

Allegiant Board Of Directors Names Sandra Morgan As Newest Member

Allegiant Travel Company (NASDAQ: ALGT) September 2021 total system passengers increased 3.7% to 829,029, versus September 2019. Total system passengers improved 71.5% Y/Y, while Available seat miles improved 42.9% and Departures rose 42.2%.

Allegiant Clocks 42.9% Y/Y Growth In September Capacity

MINNEAPOLIS, Oct. 14, 2021 /PRNewswire/ -- Castlelake, L.P.  ("Castlelake"), a global alternative investment manager with 16 years of experience investing in asset-rich opportunities, announced today it has provided a loan to Sunseeker, a wholly-owned subsidiary of Allegiant Travel Company (NASDAQ: ALGT), an integrated travel company with the world's leading ultra-low-cost carrier at its core.

Castlelake Provides Loan to Allegiant-backed Sunseeker Resort

LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2021 as well as third quarter 2021. "We finished the quarter with capacity up just over 14 percent as compared with 2019," stated Gregory Anderson, executive vice president and chief financial officer.

Allegiant Reports September 2021 Traffic

LAS VEGAS, Oct. 13, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2021 financial results conference call for Wednesday, October 27 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.

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