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 departures for June 2023 increase 2.3% year over year.

Allegiant (ALGT) Shares Rise 88.5% in YTD Period: Here's Why

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LAS VEGAS , July 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2023 financial results conference call for Wednesday, August 2 at 12:30 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 2023 EARNINGS CALL

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The airline industry saw record traffic over the 4th of July holiday period, with Allegiant Travel Company reporting encouraging June traffic data and year-on-year gains in passenger traffic. Despite positive EPS revisions and a raised 2023 EPS outlook, key risks for ALGT include macro uncertainty, rising labor costs, and ongoing issues with the 737 MAX. While ALGT's valuation is attractive with a low forward non-GAAP P/E and an ultra-cheap EV/EBITDA ratio, I am maintaining a hold rating due to potential macroeconomic uncertainties and labor costs.

Allegiant Travel: Healthy June Traffic, Ebbing Fuel Costs Benefit EPS, But Questions Remain

LAS VEGAS , July 18, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2023. Scheduled Service – Year Over Year Comparison June 2023 June 2022 Change Passengers 1,802,886 1,740,643 3.6 % Revenue passenger miles (000) 1,590,984 1,555,121 2.3 % Available seat miles (000) 1,766,164 1,729,925 2.1 % Load factor 90.1 % 89.9 % 0.2 pts Departures 11,530 11,274 2.3 % Average stage length (miles) 868 870 (0.2 %) 2nd Quarter 2023 2nd Quarter 2022 Change Passengers 4,719,623 4,711,001 0.2 % Revenue passenger miles (000) 4,278,399 4,267,828 0.2 % Available seat miles (000) 4,925,194 4,888,539 0.7 % Load factor 86.9 % 87.3 % (0.4) pts Departures 31,487 31,402 0.3 % Average stage length (miles) 887 883 0.5 %   Total System* - Year Over Year Comparison June 2023 June 2022 Change Passengers 1,814,041 1,748,655 3.7 % Available seat miles (000) 1,805,699 1,759,467 2.6 % Departures 11,816 11,484 2.9 % Average stage length (miles) 866 869 (0.3 %) 2nd Quarter 2023 2nd Quarter 2022 Change Passengers 4,755,981 4,740,399 0.3 % Available seat miles (000) 5,053,547 4,990,086 1.3 % Departures 32,396 32,138 0.8 % Average stage length (miles) 884 881 0.3 %   *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS JUNE 2023 TRAFFIC

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ST. PETERSBURG, Fla. — Two passengers and two flight attendants were injured when a plane hit turbulence Wednesday while flying from North Carolina to Florida, officials said.

Turbulence aboard Allegiant flight injures 2 passengers, 2 flight attendants

Members will have the chance to purchase tickets to see artists including 50 Cent, Neon Trees, Lil  Durk, Pepe Aguilar, Pentatonix, Dierks Bentley, Adekunle Gold, Queens of the Stone Age , and many more. LAS VEGAS , July 12, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced limited-time presale access to Live Nation's Summer's Live promotion, offering fans the opportunity to purchase 4 tickets for $80 all-in to more than 2,500 shows across North America this year.

Allegiant Allways Rewards Members Earn Exclusive Perk: Presale Access to Live Nation Concert Tickets

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Should Value Investors Buy Allegiant (ALGT) Stock?

Expansion Offers Low-Cost Holiday Travel Options to Popular Destinations LAS VEGAS , July 11, 2023 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced six new nonstop routes to popular vacation destinations that will start just in time for the winter holidays. To celebrate, the company is offering one-way fares on the new routes as low as $40.

ALLEGIANT ANNOUNCES SIX NEW ROUTES WITH ONE-WAY FARES AS LOW AS $40*

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Why Allegiant Travel (ALGT) is a Top Momentum Stock for the Long-Term

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Allegiant Travel (ALGT) Is Attractively Priced Despite Fast-paced Momentum

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Rising air-travel demand and strong cash balance are aiding Allegiant (ALGT) stock.

Here's Why Investors Should Buy Allegiant (ALGT) Stock Now

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Allegiant Travel Company (NASDAQ:ALGT) and SkyWest (NASDAQ:SKYW) Inc shares both closed higher Thursday after earning upgrades from analysts at Deutsche Bank.  On Wednesday, analysts upped their rating for the companies to Buy from Hold in a note to clients discussing the airline industry.

Allegiant Travel and SkyWest are two airline stocks analysts say have a chance to outperform the industry — here's why

Allegiant's (ALGT) load factor in May declines 0.7 points to 85.9% from the year-ago period's levels.

Allegiant (ALGT) Posts Unimpressive May Traffic Figures

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LAS VEGAS , June 14, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2023. Scheduled Service – Year Over Year Comparison May 2023 May 2022 Change Passengers 1,405,428 1,454,779 (3.4 %) Revenue passenger miles (000) 1,270,338 1,309,090 (3.0 %) Available seat miles (000) 1,478,396 1,512,328 (2.2 %) Load factor 85.9 % 86.6 % (0.7) pts Departures 9,489 9,779 (3.0 %) Average stage length (miles) 884 879 0.6 % Total System* - Year Over Year Comparison May 2023 May 2022 Change Passengers 1,417,520 1,465,823 (3.3 %) Available seat miles (000) 1,527,737 1,553,013 (1.6 %) Departures 9,828 10,060 (2.3 %) Average stage length (miles) 881 877 0.5 % *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS MAY 2023 TRAFFIC

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Allegiant's (ALGT) provisional deal with TWU pertains to significant wage increase and the betterment of retirement benefits, among other perks.

News for Allegiant Travel Company Stock (ALGT)