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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.
headline

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Copa Hlds

Global Ship Lease

Textainer Group Holdings Limited

Copa Holdings (CPA), Allegiant Travel Company (ALGT), Global Ship Lease (GSL) and Textainer Group (TGH) represent attractive investment options.

4 Transportation Stocks That Appear to be Solid Bets for 2H23

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

Here is how Allegiant Travel (ALGT) and Grupo Aeroportuario del Sureste (ASR) have performed compared to their sector so far this year.

Has Allegiant (ALGT) Outpaced Other Transportation Stocks This Year?

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

Allegiant Travel (ALGT) Inks a Tentative Deal With TWU

Now that we have entered the summer months, there are a few stocks sticking out among the Zacks Transportation-Airline Industry which is currently in the top 16% of over 250 Zacks industries.

2 Airline Stocks that Could Fly Higher in June

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Allegiant Travel (ALGT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Allegiant Travel (ALGT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Controladora Vuela Cia de Aviacion SAB de CV

We believe stocks like Copa Holdings (CPA), Volaris (VLRS) and Allegiant (ALGT) represent compelling investment opportunities at present.

3 Airline Stocks to Buy Post IATA's Bullish FY23 Projection

American Airlines

The Zacks Industry Rank for the Transportation-Airline industry paints a bright picture mainly owing to strong passenger volumes. We believe investors should keep an eye on AAL,CPA and ALGT.

3 Airline Stocks to Keep a Tab on Amid Rosy Passenger Traffic

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

Why Is Allegiant Travel (ALGT) Down 5.3% Since Last Earnings Report?

Danaos

We believe that transportation stocks like Allegiant (ALGT), Copa Holdings (CPA) and Danaos (DAC) are worth betting on now.

3 Transportation Stocks Move Up Over 10% YTD With More Upside

As many as 95.8% dispatchers of Allegiant Travel (ALGT) vote in favor of the deal.

Allegiant Travel's (ALGT) Contract on Dispatchers Is Ratified

LAS VEGAS , May 26, 2023 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that the company and the International Brotherhood of Teamsters (IBT), representing Allegiant dispatchers, have ratified a new contract agreement on a two-year extension to the union's initial collective bargaining agreement. The tentative agreement, announced on May 3, 2023, was ratified by the Allegiant flight dispatchers with a 95.8% approval vote.

ALLEGIANT ANNOUNCES RATIFIED DISPATCHERS CONTRACT AGREEMENT WITH INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Allegiant Travel (ALGT) is benefiting from an uptick in air-travel demand.

Here's Why Investors May Bet on Allegiant (ALGT) Stock Now

The new partnership will design aviation-inspired programming for Boys & Girls Clubs across the country LAS VEGAS , May 22, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has pledged $1 million to Boys & Girls Clubs of America to develop and launch a new program that will inspire children to choose future careers in aviation. The gift, which will be paid out over two years, will also include a fundraising campaign to match donations made by individuals who make a new monthly pledge or increase their current amount.

ALLEGIANT PLEDGES $1 MILLION TO BOYS & GIRLS CLUBS OF AMERICA TO DEVELOP AVIATION JOURNEY

Allegiant's (ALGT) scheduled departures for April 2023 increase 1.1% year over year.

Allegiant (ALGT) Shares Rise 30.7% in 6 Months: Here's Why

Here Is Why Bargain Hunters Would Love Fast-paced Mover Allegiant Travel (ALGT)

**Media: Photos available for download here ** LAS VEGAS , May 18, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has unveiled a special addition to its fleet: a vibrant, one-of-a-kind Insomniac-themed livery designed for Electronic Dance Music (EDM) fans and beyond. The new livery, displayed on the fuselage and tail of an Airbus A320, evokes a festive vibe, created in the spirit of the world's largest dance music festival, Electric Daisy Carnival (EDC), to add an extra layer of excitement for all passengers to enjoy.

ALLEGIANT UNVEILS SPECIAL LIVERY DEDICATED TO INSOMNIAC FANS

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Allegiant (ALGT) Right Now?

Allegiant (ALGT) benefits from a recovery in air-travel demand. Expenses related to fuel prices and other airline capital expenditures weigh on the bottom line.

Allegiant (ALGT) Rides on Air Travel Demand, Cost Woes Stay

LAS VEGAS , May 16, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2023. Scheduled Service – Year Over Year Comparison April 2023 April 2022 Change Passengers 1,511,309 1,515,579 (0.3 %) Revenue passenger miles (000) 1,417,077 1,403,617 1.0 % Available seat miles (000) 1,680,635 1,646,286 2.1 % Load factor 84.3 % 85.3 % (1.0) pts Departures 10,468 10,349 1.1 % Average stage length (miles) 911 901 1.1 % Total System* - Year Over Year Comparison April 2023 April 2022 Change Passengers 1,524,420 1,525,921 (0.1 %) Available seat miles (000) 1,720,040 1,677,606 2.5 % Departures 10,752 10,594 1.5 % Average stage length (miles) 908 898 1.1 %   *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS APRIL 2023 TRAFFIC

AB Electrolux

Even if we do have a small recession, stocks like ELUXY and ALGT are likely to sail through it.

2 Stocks Set to Sail Through Any Recession

Allegiant Travel's (ALGT) first-quarter 2023 earnings and revenues increase year over year.

Allegiant (ALGT) Q1 Earnings & Revenues Top Estimates, Up Y/Y

Allegiant Travel Company blasted past analyst estimates. Stock offers an opportunity to own a resort and airline with one investment.

Allegiant Travel Company: Buy To Own A Hotel And Airline

LAS VEGAS , May 3, 2023 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that the company and the International Brotherhood of Teamsters (IBT), representing Allegiant dispatchers, have reached tentative agreement on a two-year extension to the union's initial collective bargaining agreement. The tentative agreement is subject to ratification by the Allegiant flight dispatchers, which is expected to occur by the end of May.

ALLEGIANT ANNOUNCES TENTATIVE DISPATCHERS CONTRACT AGREEMENT WITH INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Allegiant Travel Company (NASDAQ:ALGT ) Q1 2023 Results Conference Call May 3, 2023 12:30 PM ET Company Participants Sherry Wilson - Director of Investor Relations John Redmond - Chief Executive Officer Gregory Anderson - President Scott DeAngelo - Executive Vice President and Chief Marketing Officer Drew Wells - Senior Vice President, Chief Revenue Officer Robert Neal - Senior Vice President, Chief Financial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore Partners Conor Cunningham - Melius Research Daniel McKenzie - Seaport Global Securities Helane Becker - TD Cowen Catherine O'Brien - Goldman Sachs Christopher Stathoulopoulos - Susquehanna Financial Group Operator Good day and thank you for standing by. Welcome to the Q1 2023 Allegiant Travel Company Earnings Conference Call.

News for Allegiant Travel Company Stock (ALGT)