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 Travel (ALGT) came out with quarterly earnings of $3.04 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to loss of $0.12 per share a year ago.

Allegiant Travel (ALGT) Tops Q1 Earnings and Revenue Estimates

First quarter  2023 GAAP diluted earnings per share of $3.09 First quarter  2023 diluted earnings per share, excluding Sunseeker special charges of $3.04 (1)(4) First quarter  2023 airline only diluted earnings per share of $3.30 (1) LAS VEGAS , May 3, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2023, as well as comparisons to the prior year: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2023 2022 YoY Total operating revenue $                649.7 $                500.1 29.9 % Total operating expense 554.9 492.9 12.6 % Operating income 94.8 7.2 1,216.7 % Income (loss) before income taxes 74.4 (10.6) 801.9 % Net income (loss) 56.1 (7.9) 810.1 % Diluted earnings (loss) per share 3.09 (0.44) 802.3 % Sunseeker special charges, net of recovery (1.6) — N/A Diluted earnings per share excluding recovery of Sunseeker special charges (1)(4) 3.04 (0.44) 790.9 %   Airline only Three Months Ended March 31, Percent Change(2) (unaudited) (in millions, except per share amounts) 2023 2022 YoY Airline operating revenue (1) $            649.7 $            500.1 29.9 % Airline operating expense (1) 552.1 489.9 12.7 % Airline operating income (1) 97.6 10.2 856.9 % Airline income (loss) before income taxes (1) 78.9 (5.6) 1,508.9 % Airline net income (loss) (1)(3) 59.9 (4.3) 1,493.0 % Airline operating margin 15.0 % 2.0 % 13.0 % Airline diluted earnings (loss) per share (1) 3.30 (0.24) 1,475.0 % (1)  Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures (2)  Except Airline Operating Margin, which is percentage point change (3)  Utilizing an effective tax rate of 24.0% for 2023 and 23.6% for 2022 (4)  Adjusted to exclude insurance recoveries from property damage to Sunseeker Resort "I am happy to report we delivered strong financial results during the first quarter with diluted earnings per share of $3.09," stated John Redmond, CEO of Allegiant Travel Company.

ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2023 FINANCIAL RESULTS

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

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Allegiant Travel (ALGT)

LAS VEGAS , April 25, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced the launch of its Accelerate Pilot Pathway, a new program for university students who want to become pilots at a major airline.  Allegiant is partnering with universities that have a Part 141 flight training program – including Purdue University, Kent State University, and Western Michigan University – to offer the Accelerate Pilot Pathway to students who are sophomores, juniors and seniors.

ALLEGIANT LAUNCHES NEW PILOT PATHWAY PROGRAM FOR UNIVERSITY STUDENTS

LAS VEGAS , April 21, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2023 financial results conference call for Wednesday, May 3 at 12:30 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.

ALLEGIANT TRAVEL COMPANY SCHEDULES FIRST QUARTER 2023 EARNINGS CALL

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.

Is Allegiant (ALGT) Stock Undervalued Right Now?

Sun Country Airlines

Allegiant Travel grew profits by a whopping 390% in Q4 of 2022 year over year. Sun Country Airlines' completion factor reached as high as 99.6% last December.

Better Buy: Allegiant Travel vs. Sun Country Airlines

NASHVILLE, Tenn.--(BUSINESS WIRE)--O'Charley's Restaurant + Bar is celebrating 50 years of Great Food and Good Times beginning April 10 and going through May 7 with multiple guest focused elements as part of its 50th AnnO'versary. The celebration includes prizes, giveaways and special events at its locations across the Southeast and Midwest.

O'Charley's Celebrating 50th AnnO'versary with Throwback Vibes, An Exciting Sweepstakes and Return of All-Time-Favorite “Kids Eat Free”

Allegiant's (ALGT) load factor for scheduled service improves 1.7 points to 88.2%.

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

LAS VEGAS , April 13, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2023.

ALLEGIANT REPORTS MARCH 2023 TRAFFIC

LAS VEGAS , March 30, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced it has earned three prestigious accolades from leading organizations Forbes, Newsweek and Fortune. The airline was recognized for its culture of inclusion, advancements in diversity, and its innovative business model.

ALLEGIANT WINS THREE NATIONAL AWARDS RECOGNIZING COMPANY FOR FOSTERING INNOVATIVE AND DIVERSE WORKPLACE CULTURE

JetBlue Airways

Allegiant closed out 2022 with its highest revenue ever. JetBlue expects to deliver its first profitable year since the pandemic.

Better Buy: Allegiant Travel or JetBlue Airways Stock?

Allegiant (ALGT) carries 13.1% more passengers (systemwide) in February 2023 than the previous year.

Allegiant (ALGT) Shares Rise 21% in 3 Months: Here's Why

LAS VEGAS , March 17, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2023. Scheduled Service – Year Over Year Comparison February 2023 February 2022 Change Passengers 1,242,555 1,099,911 13.0 % Revenue passenger miles (000) 1,189,402 1,060,497 12.2 % Available seat miles (000) 1,393,065 1,362,381 2.3 % Load factor 85.4 % 77.8 % 7.6pts Departures 8,537 8,277 3.1 % Average stage length (miles) 921 932 (1.2 %)   Total System* - Year Over Year Comparison February 2023 February 2022 Change Passengers 1,250,293 1,105,652 13.1 % Available seat miles (000) 1,424,778 1,392,157 2.3 % Departures 8,775 8,503 3.2 % Average stage length (miles) 916 928 (1.3 %) *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS FEBRUARY 2023 TRAFFIC

PUNTA GORDA, Fla. , March 16, 2023 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) unveiled a special addition to its fleet this week: a one-of-a-kind livery designed by – and for – the airline's employees.

ALLEGIANT UNVEILS SPECIAL TOGETHER WE FLY LIVERY DEDICATED TO ITS EMPLOYEES

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

Allegiant Travel (ALGT) Up 1.5% Since Last Earnings Report: Can It Continue?

The ultra-low-cost carrier finished the year with its best revenue result ever.

Up 46% This Year, Can Allegiant Travel Stock Continue Its Ascent?

Allegiant (ALGT) carries 27.2% more passengers (system-wide) in January 2023 than the previous year.

Allegiant (ALGT) Shares Rise 20.5% in a Month: Here's Why

Allegiant's (ALGT) fourth-quarter 2022 revenues benefit from growth across Passenger revenues. Escalating fuel costs are limiting bottom-line growth.

Here's Why You Should Hold Allegiant (ALGT) in Your Portfolio

Allegiant Altitude Pilot Pathway to Provide Integrated Training for Pilot Students in Broomfield, CO. BROOMFIELD, Colo.

SPARTAN EDUCATION GROUP NOW ACCEPTING CADETS INTO ALLEGIANT-SPONSORED FLIGHT TRAINING PROGRAM

LAS VEGAS , Feb. 21, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2023. Scheduled Service – Year Over Year Comparison January 2023 January 2022 Change Passengers 1,203,241 942,857 27.6 % Revenue passenger miles (000) 1,146,506 902,934 27.0 % Available seat miles (000) 1,378,569 1,306,832 5.5 % Load factor 83.2 % 69.1 % 14.1pts Departures 8,617 8,102 6.4 % Average stage length (miles) 907 916 (1.0 %)   Total System* - Year Over Year Comparison January 2023 January 2022 Change Passengers 1,207,121 948,665 27.2 % Available seat miles (000) 1,401,970 1,334,024 5.1 % Departures 8,813 8,291 6.3 % Average stage length (miles) 902 914 (1.3 %)   *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS JANUARY 2023 TRAFFIC

Expansion Offers Low-Cost Summer Travel Options to Popular Destinations LAS VEGAS , Feb. 20, 2023 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces eight new nonstop routes to some of the nation's premier vacation destinations. To celebrate, the company is offering one-way fares on the new routes as low as $39.

ALLEGIANT ANNOUNCES EIGHT NEW ROUTES WITH ONE-WAY FARES AS LOW AS $39*

Strong demand drove better-than-expected results in the fourth quarter.

Why Allegiant Travel Stock Is Flying High Today

Allegiant's (ALGT) Q4 earnings grow in excess of 100% year over year, owing to soaring air travel demand.

News for Allegiant Travel Company Stock (ALGT)