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, May 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) is setting the stage for its next phase of growth at Los Angeles International Airport (LAX). The Las Vegas-based airline, which has served LAX since 2009, will relocate its operations to Terminal 1 and the new, state-of-the-art West Gates at Tom Bradley.

Terminal Move Sets The Stage For Allegiant's L.A. Expansion

LAS VEGAS, May 11, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT), one of the fastest growing airlines in the U.S., plans to hire 184 pilots in the coming months, a nearly 19 percent increase to the company's current roster of approximately 1,000 pilots. The new hires are part of the company's growth strategy to meet increasing demand for air travel.

Allegiant Hiring Nearly 200 Pilots In Response To Increasing Travel Demand

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LAS VEGAS, May 10, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced Rob Goldberg has been promoted to the position of senior vice president / senior counsel.  Goldberg specializes in corporate finance and securities law.

Allegiant Announces Rob Goldberg as Senior Vice President / Senior Counsel

LAS VEGAS, May 5, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has announced that it priced the underwritten public offering of 1,350,000 shares of its common stock (the "Shares" and such offering the "Offering") at a public offering price of $219.00 per Share, for aggregate gross proceeds of $295,650,000.00. Allegiant has granted the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares.

Allegiant Travel Company Announces Pricing Of Common Stock

LAS VEGAS, May 5, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has commenced an underwritten public offering of 1,350,000 shares of its common stock (the "Shares" and such offering the "Offering"). Allegiant intends to grant the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares.

Allegiant Travel Company Announces Offering Of Common Stock

Fall in passenger revenue hurts Allegiant's (ALGT) March-end financials.

Allegiant (ALGT) Reports Wider-Than-Expected Loss in Q1

Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2021 Results - Earnings Call Transcript

LOS ANGELES, May 5, 2021 /PRNewswire/ -- TELEO Capital Management, LLC ("TELEO") announced a significant growth equity investment in Teesnap, LLC ("Teesnap or the Business"), a golf course operations management software platform. TELEO will be partnering with existing shareholder, Allegiant Travel Company ("Allegiant"), to invest in product and go-to-market initiatives.

TELEO Capital Completes Significant Growth Equity Investment In Teesnap

Allegiant Travel (ALGT) delivered earnings and revenue surprises of -12.93% and -1.83%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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

Shares of Allegiant Travel (NASDAQ:ALGT) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share fell 274.63% over the past year to ($3.58), which missed the estimate of ($2.97).

Recap: Allegiant Travel Q1 Earnings

LAS VEGAS, May 4, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2021, as well as comparisons to the prior years: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 279.1 $ 409.2 $ 451.6 (31.8) (38.2) Total operating expense 254.5 527.0 360.5 (51.7) (29.4) Operating income (loss) 24.6 (117.8) 91.1 120.9 (73.0) Income (loss) before income taxes 8.7 (130.7) 73.9 106.6 (88.3) Net income (loss) 6.9 (33.0) 57.1 120.8 (88.0) Diluted earnings (loss) per share $ 0.42 $ (2.08) $ 3.52 120.2 (88.1) Consolidated - adjusted Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating income (loss) (1) (2) $ (59.0) $ 55.1 $ 91.1 (207.1) (164.8) Adjusted operating expense (1) (2) 338.1 360.9 360.5 (6.3) (6.2) Adjusted income (loss) before income taxes (1) (2) (74.9) 42.2 73.9 (277.5) (201.4) Adjusted net income (loss) (1) (2) (57.9) 32.5 57.1 (278.2) (201.4) Adjusted diluted earnings (loss) per share (1) (2) $ (3.58) $ 2.05 $ 3.52 (274.6) (201.7) (1) Adjusted excludes COVID related special charges and the net benefit from the Payroll Support Program Extension Agreement (the "PSP2") (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information   "The momentum reported last quarter picked up in earnest towards the back half of the first quarter with booking trends showing meaningful improvement," stated Maurice J.

Allegiant Travel Company First Quarter 2021 Financial Results

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LAS VEGAS, April 21, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has changed the date of its previously announced earnings conference call due to a scheduling conflict with a different carrier. The call will now be Tuesday, May 4 at 4:30 p.m.

Allegiant Travel Company Announces Date Change For First Quarter 2021 Earnings Call

LAS VEGAS, April 16, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2021 financial results conference call for Thursday, April 29 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 First Quarter 2021 Earnings Call

LAS VEGAS, April 14, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces that the company and the International Brotherhood of Teamsters (IBT), representing Allegiant's workforce of maintenance technician and related employees, have reached an agreement in principle on all remaining open issues for the first collective bargaining agreement between the parties. The agreement in principle is subject to finalization between the parties and ratification by the employee group, which includes line and heavy maintenance technicians as well as stores employees and some administrative maintenance staff.

Allegiant Announces Agreement in Principle for Maintenance Technicians and Related Workforce First Contract with International Brotherhood of Teamsters

With capacity expansion outweighing traffic increase, March load factor at Allegiant Travel (ALGT) declines 3.6 points for scheduled service.

Allegiant (ALGT) Posts Encouraging March Traffic Results

LAS VEGAS, April 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2021 as well as first quarter 2021. "We are encouraged by the meaningful improvement in customer demand throughout the month of March," stated Gregory Anderson, executive vice president and chief financial officer.

Allegiant Reports March 2021 Traffic

Airlines including United, JetBlue and Spirit have started or plan to resume hiring pilots.

As Americans start traveling again, airlines revive pilot hiring plans

Allegiant (ALGT) to invest $75 million to establish a new base at the South Terminal of Austin-Bergstrom International Airport, which is expected to create at least 89 high-wage jobs.

Allegiant (ALGT) to Open New Base in Austin This November

AUSTIN, Texas, April 6, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a base of operations at the South Terminal at Austin-Bergstrom International Airport (AUS). The Las Vegas-based company will invest $75 million to establish the new base in Austin, creating at least 89 high-wage jobs and housIng three Airbus A320 aircraft.

Allegiant Announces Aircraft And Crew Base In Austin, Bringing New Jobs, Future Growth Opportunities

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News for Allegiant Travel Company Stock (ALGT)