Allegiant Travel (ALGT) News
Market Cap: $975.96M
Avg Volume: 422.04K
Industry: Airlines, Airports & Air Services
Sector: Industrials
Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
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Should Value Investors Buy Allegiant (ALGT) Stock?
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.
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These Are the Airlines Americans Love (and Hate) the Most
Consumer spending is the backbone of the U.S. economy, and every year, a meaningful portion of a typical household budget goes towards non-essential items and experiences — such as jewelry, dining out, and entertainment. But a February 2025 survey conducted by the management consulting firm McKinsey found that Americans are more willing to splurge on travel than nearly every other sector. 24/7 Wall St. Key Points: Customer facing industries are often highly competitive, and air travel is no exception — particularly in an era of widespread economic uncertainty. Recent survey data measuring customer satisfaction suggests that some airlines are better positioned to maintain a solid customer base in the coming months than others. Also: Discover the next Nvidia While these findings should have come as welcome news to the air travel industry, many of the biggest airlines in the U.S. are not especially optimistic. In times of economic uncertainty or hardship, non-essential consumer spending tends to contract. And according to the University of Michigan Index of Consumer Sentiment, consumer confidence has fallen for three consecutive months — from 71.1 points in January, to 64.7 points in February, to 57.9 points in March. Waning optimism is due in large part to economic uncertainty under President Donald Trump and widespread concerns over the impact his administration’s policies may have on inflation, the job market, and business conditions. (Here is a look at the Americans who are not happy with Trump’s handling of the economy.) Shifts in public perception of the economy have broad implications for multiple industries, including air travel. Citing economic uncertainty, several major American airlines, including American, Delta, and United, cut earnings estimates in early March. Air travel is a highly competitive industry in the best of times, but under current economic conditions, airlines may have to go above and beyond to continue to bring in business. According to the latest data from the American Customer Satisfaction Index, some airlines appear better positioned to navigate current economic conditions than others. Using data from the ACSI, 24/7 Wall St. identified the best and worst airlines in America. We ranked all nine major airline companies with available data on their average customer satisfaction score in 2023 and 2024. Supplementary data on on-time arrivals is from the U.S. Bureau of Transportation Statistics. The airline industry as a whole had an overall customer satisfaction index score of 76.5 in 2023 in 2024. Among the nine airlines on this list, average scores range from 65.5 to 81.5. The two lowest ranked airlines on this list are so-called budget airlines. Generally, these companies can offer lower ticket prices by cutting operating costs. However, this often results in fewer in-flight amenities and additional fees for services that would be complimentary on other airlines. Notably, however, there are other budget airlines on this list with customer satisfaction scores that are in line with, or higher than, the industry average. Notably, the highest ranking airlines on this list are not necessarily those with the best track record of on-time arrivals. While getting customers to their destinations on time is the core of any airline’s business, customer perception is also based on a wide variety of additional factors. Indeed, each airline’s customer satisfaction index score comprises multiple benchmarks, such as the check-in process, interactions with the staff and flight crew, the range of offered flight schedules, as well as several measures of in-flight comfort — including availability of overhead storage, seating, and complimentary entertainment and refreshments. (Here is a look at the airlines with the best perks for business travelers.) Why It Matters In the current climate of growing economic pessimism and uncertainty, Americans are expected to cut back on discretionary spending. In this context, airlines will likely be forced to compete for business with a shrinking customer pool — and the companies that regularly meet or exceed traveler expectations may be better positioned to meet revenue targets than those that do not. 9. Spirit 2-year average annual customer satisfaction index score: 65.5 out of 100 Customer satisfaction index score by year: 67 in 2024, 64 in 2023 Carrier flights that arrived on time in 2023 and 2024: 72.0% Brand’s parent company: Spirit AeroSystems Holdings Corporate headquarters: Wichita, KS Corporate revenue in most recent available fiscal year: $6.3 billion Corporate operating profit in most recent available fiscal year: -$1.8 billion Stock ticker: NYSE: SPR 8. Frontier 2-year average annual customer satisfaction index score: 68.0 out of 100 Customer satisfaction index score by year: 69 in 2024, 67 in 2023 Carrier flights that arrived on time in 2023 and 2024: 68.4% Brand’s parent company: Frontier Group Holdings Corporate headquarters: Denver, CO Corporate revenue in most recent available fiscal year: $3.8 billion Corporate operating profit in most recent available fiscal year: $58.0 million Stock ticker: Nasdaq: ULCC 7. United 2-year average annual customer satisfaction index score: 76.0 out of 100 Customer satisfaction index score by year: 75 in 2024, 77 in 2023 Carrier flights that arrived on time in 2023 and 2024: 78.3% Brand’s parent company: United Airlines Holdings Corporate headquarters: Chicago, IL Corporate revenue in most recent available fiscal year: $57.1 billion Corporate operating profit in most recent available fiscal year: $5.2 billion Stock ticker: Nasdaq: UAL 4. JetBlue 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 77 in 2024, 76 in 2023 Carrier flights that arrived on time in 2023 and 2024: 69.9% Brand’s parent company: JetBlue Airways Corporation Corporate headquarters: Long Island City, NY Corporate revenue in most recent available fiscal year: $9.3 billion Corporate operating profit in most recent available fiscal year: -$93.0 million Stock ticker: Nasdaq: JBLU 4. Delta 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 77 in 2024, 76 in 2023 Carrier flights that arrived on time in 2023 and 2024: 82.2% Brand’s parent company: Delta Air Lines Corporate headquarters: Atlanta, GA Corporate revenue in most recent available fiscal year: $61.6 billion Corporate operating profit in most recent available fiscal year: $6.0 billion Stock ticker: NYSE: DAL 4. Allegiant 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 78 in 2024, 75 in 2023 Carrier flights that arrived on time in 2023 and 2024: 75.1% Brand’s parent company: Allegiant Travel Company Corporate headquarters: Las Vegas, NV Corporate revenue in most recent available fiscal year: $2.5 billion Corporate operating profit in most recent available fiscal year: $128.2 million Stock ticker: Nasdaq: ALGT 3. Southwest 2-year average annual customer satisfaction index score: 78.0 out of 100 Customer satisfaction index score by year: 78 in 2024, 78 in 2023 Carrier flights that arrived on time in 2023 and 2024: 77.9% Brand’s parent company: Southwest Airlines Corporate headquarters: Dallas, TX Corporate revenue in most recent available fiscal year: $27.5 billion Corporate operating profit in most recent available fiscal year: $321.0 million Stock ticker: NYSE: LUV 2. American 2-year average annual customer satisfaction index score: 78.5 out of 100 Customer satisfaction index score by year: 79 in 2024, 78 in 2023 Carrier flights that arrived on time in 2023 and 2024: 74.2% Brand’s parent company: American Airlines Group Inc. Corporate headquarters: Fort Worth, TX Corporate revenue in most recent available fiscal year: $54.2 billion Corporate operating profit in most recent available fiscal year: $3.2 billion Stock ticker: Nasdaq: AAL 1. Alaska 2-year average annual customer satisfaction index score: 81.5 out of 100 Customer satisfaction index score by year: 82 in 2024, 81 in 2023 Carrier flights that arrived on time in 2023 and 2024: 77.8% Brand’s parent company: Alaska Air Group, Inc. Corporate headquarters: Seattle, WA Corporate revenue in most recent available fiscal year: $11.7 billion Corporate operating profit in most recent available fiscal year: $915.0 million Stock ticker: NYSE: ALK The post These Are the Airlines Americans Love (and Hate) the Most appeared first on 24/7 Wall St..
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Here's Why Investors Should Retain Allegiant Stock for Now
Impressive air travel demand and encouraging expansion efforts boost ALGT's prospects. However, elevated expenses are a major headwind.
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How Should You Play ALGT Stock Post FY25 Capacity Forecast Cut?
Allegiant trims its capacity growth forecast, citing softness in leisure travel demand. In this scenario, we assess whether ALGT stock is a buy now.
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Allegiant Reports February 2025 Traffic
LAS VEGAS , March 18, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2025. "Consistent with recent industry commentary, we are experiencing leisure demand softness, predominantly observed during the shoulder and off-peak periods," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
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Why Is Allegiant Travel (ALGT) Down 21.5% Since Last Earnings Report?
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
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Are Investors Undervaluing Allegiant (ALGT) Right Now?
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.
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ALLEGIANT ANNOUNCES A CHANGE IN CHIEF OPERATING OFFICER
LAS VEGAS , March 3, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced that Chief Operating Officer Keny F. Wilper will step down effective today.
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The Zacks Analyst Blog Azul, Volaris, Allegiant, JetBlue and Ryanair
Azul, Volaris, Allegiant, JetBlue and Ryanair are included in this Analyst Blog.
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Allegiant's January 2025 Traffic Numbers Improve Year Over Year
ALGT demonstrates strong operational growth in January 2025, highlighted by a 7.4% increase in scheduled traffic.
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Allegiant Reports January 2025 Traffic
LAS VEGAS , Feb. 26, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2025. Scheduled Service – Year Over Year Comparison January 2025 January 2024 Change Passengers 1,252,875 1,176,117 6.5 % Revenue passenger miles (000) 1,202,134 1,119,728 7.4 % Available seat miles (000) 1,525,018 1,387,038 9.9 % Load factor 78.8 % 80.7 % (1.9pts) Departures 9,336 8,546 9.2 % Average stage length (miles) 933 914 2.1 % Total System* – Year Over Year Comparison January 2025 January 2025 Change Passengers 1,259,945 1,182,748 6.5 % Available seat miles (000) 1,566,465 1,423,553 10.0 % Departures 9,674 8,794 10.0 % Average stage length (miles) 925 912 1.5 % *Total system includes scheduled service and fixed fee contract.
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Allegiant Travel Company: Sunseeker Sale Could Be A Catalyst
Allegiant Travel Company faced challenges with the Sunseeker Resort, leading to a potential sale to refocus on its core airline business. Despite stable revenues, Allegiant reported a $234 million operating loss, primarily due to Sunseeker Resort impairment and higher airline salary costs. The company plans to increase capacity by 16% in 2025, with expected adjusted earnings per share between $7.75 and $10.25.
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Is Allegiant (ALGT) Stock Undervalued Right Now?
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.
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Best Value Stocks to Buy for February 7th
ALGT made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 7, 2025.
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Best Momentum Stock to Buy for February 7th
PJT, ALGT and NFG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 7, 2025.
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Allegiant Tops Q4 Earnings and Revenue Estimates, Improves Y/Y
ALGT's fourth-quarter 2024 earnings and revenues improve year over year.
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Why Allegiant Travel (ALGT) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
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After Plunging -15.48% in 4 Weeks, Here's Why the Trend Might Reverse for Allegiant Travel (ALGT)
Allegiant Travel (ALGT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
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Allegiant Travel Company (ALGT) Q4 2024 Earnings Call Transcript
Allegiant Travel Company (NASDAQ:ALGT ) Q4 2024 Earnings Conference Call February 4, 2025 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations Gregory Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Tom Fitzgerald - TD Cowen Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Conor Cunningham - Melius Research Atul Maheswari - UBS Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.
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Allegiant Travel (ALGT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Allegiant Travel (ALGT) Q4 Earnings and Revenues Top Estimates
Allegiant Travel (ALGT) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $0.11 per share a year ago.
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ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS
Fourth quarter 2024 GAAP diluted loss per share of $(12.00) Fourth quarter 2024 adjusted airline-only diluted earnings per share of $3.00 (1)(3)(4) Fourth quarter 2024 adjusted diluted earnings per share of $2.10(1)(3)(4) Full-year 2024 GAAP diluted loss per share of $(13.49) Full-year 2024 adjusted airline-only diluted earnings per share of $5.84 (1)(3)(4) Full-year 2024 adjusted diluted earnings per share of $2.48 (1)(3)(4) *GAAP numbers include a one-time impairment charge in the estimated amount of $322M related to Sunseeker Resort* LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for fourth quarter and full-year 2024, as well as comparisons to the prior year: Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 627.7 $ 611.0 2.7 % Total operating expense 891.7 600.4 48.5 % Operating income (loss) (264.0) 10.6 NM Loss before income taxes (281.7) (1.8) NM Net loss (216.2) (2.0) NM Diluted loss per share (12.00) (0.13) NM Sunseeker special charges, net of recoveries (3) 325.5 (11.0) NM Airline special charges (3) 2.7 19.9 (86.4) % Adjusted income before income taxes (1)(3)(4) 47.6 7.0 580.0 % Adjusted net income (1)(3)(4) 38.9 2.4 1,520.8 % Adjusted diluted earnings per share (1)(3)(4) 2.10 0.11 1,809.1 % Airline only Three Months Ended December 31, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 609.7 $ 608.1 0.3 % Airline operating expense 531.7 587.5 (9.5) % Airline operating income 78.1 20.6 279.1 % Airline income before income taxes 64.9 6.2 946.8 % Airline special charges (3) 2.7 19.9 (86.4) % Adjusted airline-only net income (1)(3)(4) 55.6 15.9 249.7 % Adjusted airline-only operating margin (1)(3)(4) 13.2 % 6.6 % 6.6 Adjusted airline-only diluted earnings per share (1)(3)(4) 3.00 0.86 248.8 % Consolidated Twelve Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 2,512.6 $ 2,509.9 0.1 % Total operating expense 2,752.6 2,288.9 20.3 % Operating income (loss) (240.0) 221.0 NM Income (loss) before income taxes (308.5) 159.1 NM Net income (loss) (240.2) 117.6 NM Diluted earnings (loss) per share (13.49) 6.29 NM Sunseeker special charges, net of recoveries (3) 322.8 (6.4) NM Airline special charges (3) 45.3 35.1 29.1 % Adjusted income before income taxes (1)(3)(4) 60.9 187.7 (67.6) % Adjusted net income (1)(3)(4) 45.7 136.6 (66.5) % Adjusted diluted earnings per share (1)(3)(4) 2.48 7.31 (66.1) % Airline only Twelve Months Ended December 31, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 2,440.8 $ 2,507.0 (2.6) % Airline operating expense 2,298.6 2,255.5 1.9 % Airline operating income 142.2 251.5 (43.5) % Airline income before income taxes 94.3 188.1 (49.9) % Airline special charges (3) 45.3 35.1 29.1 % Adjusted airline-only net income (1)(3)(4) 107.5 164.7 (34.7) % Adjusted airline-only operating margin (1)(3)(4) 7.7 % 11.4 % (3.7) Adjusted airline-only diluted earnings per share (1)(3)(4) 5.84 8.82 (33.8) % (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.
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Are Transportation Stocks Lagging Allegiant (ALGT) This Year?
Here is how Allegiant Travel (ALGT) and Delta Air Lines (DAL) have performed compared to their sector so far this year.
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Fast-paced Momentum Stock Allegiant Travel (ALGT) Is Still Trading at a Bargain
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.
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Allegiant Reports December 2024 Traffic
LAS VEGAS , Jan. 29, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2024. Scheduled Service – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,544,874 1,356,025 13.9 % Revenue passenger miles (000) 1,441,734 1,255,868 14.8 % Available seat miles (000) 1,771,717 1,521,846 16.4 % Load factor 81.4 % 82.5 % (1.1pts) Departures 11,117 9,527 16.7 % Average stage length (miles) 912 903 1.0 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,927,423 4,067,855 (3.5 %) Revenue passenger miles (000) 3,609,892 3,691,343 (2.2 %) Available seat miles (000) 4,503,059 4,429,826 1.7 % Load factor 80.2 % 83.3 % (3.1pts) Departures 28,617 28,244 1.3 % Average stage length (miles) 900 887 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,765,283 17,143,870 (2.2 %) Revenue passenger miles (000) 15,303,737 15,639,329 (2.1 %) Available seat miles (000) 18,314,867 18,208,820 0.6 % Load factor 83.6 % 85.9 % (2.3pts) Departures 116,441 116,044 0.3 % Average stage length (miles) 893 888 0.6 % Total System* – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,555,292 1,369,293 13.6 % Available seat miles (000) 1,811,321 1,566,296 15.6 % Departures 11,452 9,868 16.1 % Average stage length (miles) 905 897 0.9 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,999,879 4,145,771 (3.5 %) Available seat miles (000) 4,697,999 4,607,174 2.0 % Departures 30,219 29,733 1.6 % Average stage length (miles) 889 876 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,982,836 17,342,236 (2.1 %) Available seat miles (000) 18,984,711 18,772,110 1.1 % Departures 121,580 120,525 0.9 % Average stage length (miles) 887 882 0.6 % *Total system includes scheduled service and fixed fee contract.
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Allegiant Travel (ALGT) Reports Next Week: Wall Street Expects Earnings Growth
Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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ALLEGIANT TRAVEL COMPANY SCHEDULES FOURTH QUARTER AND FULL-YEAR 2024 EARNINGS CALL
LAS VEGAS , Jan. 16, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2024 financial results conference call for Tuesday, February 4 at 4:30 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.
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Are You Looking for a Top Momentum Pick? Why Allegiant Travel (ALGT) is a Great Choice
Does Allegiant Travel (ALGT) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Why You Shouldn't Bet Against Allegiant (ALGT) Stock
Allegiant (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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Here's Why You Should Add ALGT Stock to Your Portfolio Now
Proactive efforts to expand its global reach boost Allegiant's prospects. Strong air travel demand also bodes well for ALGT.
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Is Allegiant (ALGT) Stock Outpacing Its Transportation Peers This Year?
Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.
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Why Fast-paced Mover Allegiant Travel (ALGT) Is a Great Choice for Value Investors
Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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Allegiant Travel price target raised to $100 from $65 at Evercore ISI
Evercore ISI raised the firm's price target on Allegiant Travel to $100 from $65 and keeps an In Line rating on the shares. Across the firm's airlines and lodging coverage, the analyst believes the post-election demand pickup was "quicker and stronger vs. initial expectations" and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
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Allegiant Gains 66% in 3 Months: What Should Investors Do Now?
With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
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Allegiant Issues Bullish Q4 View on Upbeat Air-Travel Demand
Strong air-travel demand and fleet additions represent the major tailwinds of ALGT.
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Allegiant Reports November 2024 Traffic
LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2024. "Booking trends following the election continue to outpace our initial expectations," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
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S&P 600 rally to cool but these six small-cap stocks could continue to grow
Small-cap stocks have enjoyed a stellar 2024, with the S&P 600 index soaring more than 14% year-to-date, driven by optimism surrounding President-elect Donald Trump's fiscal policies. This performance marked a significant milestone for the index, which recently closed at a record high of 1,544.
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Allegiant Travel (ALGT) Up 24.6% Since Last Earnings Report: Can It Continue?
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
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Allegiant Ties Record for Largest Expansion in Company History with 44 New Nonstop Routes, plus 3 New Cities
The Airline Offers New Low-Cost Travel Options to Popular Destinations in 51 Cities LAS VEGAS , Nov. 19, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced 44 new nonstop routes, including eleven routes to three new cities: Gulf Shores, Alabama, Colorado Springs, Colorado and Columbia, South Carolina. To celebrate this significant expansion, the company is offering one-way fares on the new routes as low as $39.
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Allegiant October 2024 Traffic Numbers Declines Year Over Year
ALGT reports a load factor of 78.5% for October 2024.
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Allegiant Reports October 2024 Traffic
LAS VEGAS , Nov. 15, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2024. "As observed below and consistent with commentary from our third quarter earnings call, hurricanes Helene and Milton had an outsized impact on our business," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
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Allegiant Travel's Third-Quarter Loss Wider Than Expected
Allegiant Travel's third-quarter revenues decline 0.6% year over year as passenger revenues fall.
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Allegiant Travel Company (ALGT) Q3 2024 Earnings Call Transcript
Allegiant Travel Company (NASDAQ:ALGT ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Sherry Wilson - Managing Director-Investor Relations Greg Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Thomas Fitzgerald - TD Cowen Katherine Kallergis - Morgan Stanley Brandon Oglenski - Barclays Andrew Didora - Bank of America Michael Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Mandeep, and I'll be your operator today.
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Allegiant Travel (ALGT) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Allegiant Travel (ALGT) Reports Q3 Loss, Tops Revenue Estimates
Allegiant Travel (ALGT) came out with a quarterly loss of $2.02 per share versus the Zacks Consensus Estimate of a loss of $1.85. This compares to earnings of $0.09 per share a year ago.
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ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2024 FINANCIAL RESULTS
Third quarter 2024 GAAP diluted loss per share of $(2.05) Third quarter 2024 diluted loss per share, excluding special charges, of $(2.02) (1)(3) Third quarter 2024 airline only diluted loss per share, excluding special charges, of $(0.49) (1)(3) LAS VEGAS , Oct. 30, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 562.2 $ 565.4 (0.6) % Total operating expense 588.5 583.2 0.9 % Operating loss (26.3) (17.9) 46.9 % Loss before income taxes (43.4) (29.9) 45.2 % Net loss (36.8) (25.1) 46.6 % Diluted loss per share (2.05) (1.44) 42.4 % Sunseeker special charges, net of recoveries (3) 1.1 17.4 (93.7) % Airline special charges (3) 7.7 15.2 (49.3) % Income before income taxes, excluding special charges net of recoveries (1)(3) (34.7) 2.7 NM Net income (loss), excluding special charges net of recoveries (1)(3) (36.1) 2.0 NM Diluted earnings (loss) per share excluding special charges net of recoveries (1)(3) (2.02) 0.09 NM Airline only Three Months Ended September 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 549.1 $ 565.4 (2.9) % Airline operating expense 556.2 559.5 (0.6) % Airline operating income (loss) (7.0) 5.8 NM Airline loss before income taxes (18.6) (7.4) NM Airline special charges (3) 7.7 15.2 (49.3) % Airline net income (loss), excluding special charges (1)(3) (8.8) 5.9 NM Airline operating margin, excluding special charges (1)(3) 0.1 % 3.7 % (3.6) Airline diluted earnings (loss) per share, excluding special charges (1)(3) (0.49) 0.31 NM Consolidated Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 1,884.9 $ 1,898.9 (0.7) % Total operating expense 1,860.9 1,688.5 10.2 % Operating income 24.0 210.4 (88.6) % Income (loss) before income taxes (26.8) 160.8 NM Net income (loss) (24.0) 119.6 NM Diluted earnings (loss) per share (1.38) 6.43 NM Sunseeker special charges, net of recoveries (3) (2.6) 4.6 NM Airline special charges (3) 42.6 15.2 NM Income before income taxes, excluding special charges net of recoveries (1)(3) 13.2 180.6 (92.7) % Net income, excluding special charges net of recoveries (1)(3) 6.8 134.2 (94.9) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 0.35 7.22 (95.2) % Airline only Nine Months Ended September 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 1,831.1 $ 1,898.9 (3.6) % Airline operating expense 1,767.0 1,668.0 5.9 % Airline operating income 64.1 230.9 (72.2) % Airline income before income taxes 29.4 181.9 (83.8) % Airline special charges (3) 42.6 15.2 NM Airline net income, excluding special charges (1)(3) 51.9 148.8 (65.1) % Airline operating margin, excluding special charges (1)(3) 5.8 % 13.0 % (7.2) Airline diluted earnings per share, excluding special charges (1)(3) 2.83 8.00 (64.6) % (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.
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Allegiant's Q3 Earnings Coming Up: What's in the Offing for the Stock?
Allegiant's third-quarter top line is expected to have been significantly hurt by dismal segmental performance.
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Despite Fast-paced Momentum, Allegiant Travel (ALGT) Is Still a Bargain Stock
Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for
Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Allegiant Reports September 2024 Traffic
LAS VEGAS , Oct. 22, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2024 as well as the third quarter of 2024. Scheduled Service – Year Over Year Comparison September 2024 September 2023 Change Passengers 969,844 988,981 (1.9 %) Revenue passenger miles (000) 844,968 868,742 (2.7 %) Available seat miles (000) 1,014,201 1,049,538 (3.4 %) Load factor 83.3 % 82.8 % 0.5pts Departures 6,796 6,949 (2.2 %) Average stage length (miles) 851 855 (0.5 %) 3Q24 3Q23 Change Passengers 4,195,572 4,234,196 (0.9 %) Revenue passenger miles (000) 3,701,747 3,744,225 (1.1 %) Available seat miles (000) 4,326,870 4,280,034 1.1 % Load factor 85.6 % 87.5 % (1.9pts) Departures 28,519 28,040 1.7 % Average stage length (miles) 863 864 (0.1 %) Total System* – Year Over Year Comparison September 2024 September 2023 Change Passengers 1,002,903 1,027,410 (2.4 %) Available seat miles (000) 1,088,433 1,124,038 (3.2 %) Departures 7,419 7,581 (2.1 %) Average stage length (miles) 835 839 (0.4 %) 3Q24 3Q23 Change Passengers 4,256,249 4,292,031 (0.8 %) Available seat miles (000) 4,501,532 4,433,767 1.5 % Departures 29,884 29,251 2.2 % Average stage length (miles) 856 858 (0.2 %) *Total system includes scheduled service and fixed fee contract.
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Is Allegiant (ALGT) a Great Value Stock Right Now?
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.
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Buy These 3 Airline Stocks to Capitalize on Solid Industry Trends
Upbeat passenger volumes bode well for the Zacks Transportation- Airline industry. Stocks like RYAAY, LUV and ALGT appear to be good bets currently.
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Unlock Your Portfolio Value With These 4 High Earnings Yield Stocks
Add value to your portfolio with high earnings yield stocks like GOLD, CPRX, ALGT and AMX amid market uncertainty.
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Will Allegiant Travel (ALGT) Beat Estimates Again in Its Next Earnings Report?
Allegiant Travel (ALGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2024 EARNINGS CALL
LAS VEGAS , Oct. 9, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2024 financial results conference call for Wednesday, October 30 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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Allegiant Releases 2023 Sustainability Report
LAS VEGAS , Oct. 8, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT), today announced the publication of its third-annual Sustainability Report. Last year, Allegiant announced goals to accelerate sustainability initiatives throughout the business to better serve its employees, customers, shareholders and communities.
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Allegiant Gains 25.7% in a Month: What Should Investors Do Now?
With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
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Airline Stocks Report August Traffic Numbers: An Analysis
Here, we present the traffic numbers for August 2024 for three airline companies ??? Ryanair Holdings (RYAAY), Copa Holdings (CPA) and Allegiant (ALGT).
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Allegiant Shares Up 6.39% on Improved Third-Quarter Outlook
ALGT now anticipates third-quarter 2024 fuel cost per gallon to be $2.70 (prior view: $2.80).
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Allegiant Reports August 2024 Traffic
LAS VEGAS , Sept. 20, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2024.
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New Strong Sell Stocks for September 12th
AGRO, AZUL and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on September 12, 2024.
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Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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Allegiant Announces Resignation of Executive Vice President and Chief Marketing Officer Scott DeAngelo
LAS VEGAS , Sept. 5, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that Scott DeAngelo, executive vice president and chief marketing officer, has resigned.
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5 Broker-Loved Stocks to Watch as Easing Inflation Lifts Rate Cut Bets
Investors would do well to monitor broker-loved stocks like ASIX, ALGT, CVI, WBD and DXC for high returns.
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Airline Stocks Reports July Traffic Numbers: An Analysis
While Copa Holdings (CPA) and Ryanair Holdings (RYAAY) report impressive traffic numbers for July 2024, Allegiant (ALGT) posts dull numbers.
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Here's Why You Should Retain Allegiant Travel (ALGT) Stock
Allegiant Travel's (ALGT) proactive measures to expand its fleet are praiseworthy. However, elevated labor and fuel costs are hurting the company's prospects.
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Allegiant (ALGT) Posts Unimpressive July Traffic Numbers
Allegiant's (ALGT) load factor for July 2024 came in at 87.5%.
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Allegiant Reports July 2024 Traffic
LAS VEGAS , Aug. 20, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2024. Scheduled Service – Year Over Year Comparison July 2024 July 2023 Change Passengers 1,897,963 1,934,464 (1.9 %) Revenue passenger miles (000) 1,683,321 1,711,901 (1.7 %) Available seat miles (000) 1,923,205 1,877,266 2.4 % Load factor 87.5 % 91.2 % (3.7pts) Departures 12,580 12,252 2.7 % Average stage length (miles) 870 867 0.3 % Total System* - Year Over Year Comparison July 2024 July 2023 Change Passengers 1,908,813 1,943,900 (1.8 %) Available seat miles (000) 1,968,720 1,907,384 3.2 % Departures 12,912 12,459 3.6 % Average stage length (miles) 868 866 0.2 % *Total system includes scheduled service and fixed fee contract.
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Allegiant Air: A Budget Carrier At Budget Prices
Allegiant Air stock is undervalued, down -55% YTD and trading at a 12-year low, with potential for significant growth and profitability. Q2 results show operating improvements, cost stabilization, and revenue growth potential, despite ongoing challenges in the industry. ALGT's balance sheet provides a substantial margin of safety, with strong asset value, manageable debt, and potential acquisition interest from competitors.
seekingalpha.com
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Allegiant Claims Top Spot in USA TODAY's Readers' Choice Awards for Best Airline Credit Card and Best Frequent Flyer Program
Allegiant Rewards Visa® Is Top Ranked For Sixth Consecutive Year LAS VEGAS , Aug. 7, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) travelers have spoken, and their customer satisfaction and loyalty has propelled the airline to new heights once again. The premier airline for leisure travel, connecting small to medium-sized cities to top vacation destinations, has been named as the number one Best Airline Credit Card and Best Frequent Flyer program in USA TODAY's 10Best 2024 Readers' Choice Awards.
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Allegiant Travel Company (ALGT) Q2 2024 Earnings Call Transcript
Allegiant Travel Company (NASDAQ:ALGT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Sherry Wilson – Managing Director-Investor Relations Maury Gallagher – Executive Chairman and Chief Executive Officer Greg Anderson – President and Incoming Chief Executive Officer Scott DeAngelo – Executive Vice President and Chief Marketing Officer Drew Wells – Senior Vice President and Chief Revenue Officer Robert Neal – Senior Vice President and Chief Financial Officer Micah Richins – President-Sunseeker Resorts Conference Call Participants Shannon Doherty – Deutsche Bank Katherine Kallergis – Morgan Stanley Scott Group – Wolfe Research Savi Syth – Raymond James Conor Cunningham – Melius Research Duane Pfennigwerth – Evercore Dan McKenzie – Seaport Global Andrew Didora – Bank of America Operator Thank you for standing by. My name is Amy, and I will be your conference operator for today.
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Allegiant Travel (ALGT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Allegiant Travel (ALGT) Tops Q2 Earnings and Revenue Estimates
Allegiant Travel (ALGT) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $4.35 per share a year ago.
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ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2024 FINANCIAL RESULTS
Second quarter 2024 GAAP diluted earnings per share of $0.75 Second quarter 2024 diluted earnings per share, excluding special charges, of $1.77 (1)(3) Second quarter 2024 airline only diluted earnings per share, excluding special charges, of $2.24 (1)(3) ANNOUNCED STRATEGIC REVIEW OF SUNSEEKER RESORT LAS VEGAS , July 31, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 666.3 $ 683.8 (2.6) % Total operating expense 631.4 550.4 14.7 % Operating income 34.9 133.4 (73.8) % Income before income taxes 18.0 116.3 (84.5) % Net income 13.7 88.5 (84.5) % Diluted earnings per share 0.75 4.80 (84.4) % Sunseeker special charges, net of recoveries (3) (2.0) (11.2) 82.1 % Airline special charges (3) 20.1 — NM Net income, excluding special charges net of recoveries (1)(3) 32.5 80.2 (59.5) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 1.77 4.35 (59.3) % Airline only Three Months Ended June 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 649.5 $ 683.8 (5.0) % Airline operating expense 602.5 556.3 8.3 % Airline operating income 47.0 127.5 (63.1) % Airline income before income taxes 35.5 110.4 (67.8) % Airline special charges (3) 20.1 — NM Airline net income, excluding special charges (1)(3) 41.0 84.2 (51.3) % Airline operating margin, excluding special charges (1)(3) 10.3 % 18.6 % (8.3) Airline diluted earnings per share, excluding special charges (1)(3) 2.24 4.57 (51.0) % Consolidated Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 1,322.7 $ 1,333.5 (0.8) % Total operating expense 1,272.3 1,105.2 15.1 % Operating income 50.3 228.3 (78.0) % Income before income taxes 16.7 190.8 (91.2) % Net income 12.8 144.6 (91.1) % Diluted earnings per share 0.68 7.84 (91.3) % Sunseeker special charges, net of recoveries (3) (3.8) (12.8) 70.3 % Airline special charges (3) 35.0 — NM Net income, excluding special charges net of recoveries (1)(3) 42.9 135.6 (68.4) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 2.34 7.35 (68.2) % Airline only Six Months Ended June 30, Percent Change(2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 1,282.0 $ 1,333.5 (3.9) % Airline operating expense 1,210.8 1,108.4 9.2 % Airline operating income 71.2 225.1 (68.4) % Airline income before income taxes 48.0 189.2 (74.6) % Airline special charges (3) 35.0 — NM Airline net income, excluding special charges (1)(3) 60.8 144.2 (57.8) % Airline operating margin, excluding special charges (1)(3) 8.3 % 16.9 % (8.6) Airline diluted earnings per share, excluding special charges (1)(3) 3.31 7.81 (57.6) % (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.
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Allegiant Announces Strategic Review of Sunseeker Resort
Company engages Prospect Hotel Advisors for their specialized expertise LAS VEGAS , July 31, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today it has retained global hospitality asset management firm Prospect Hotel Advisors, LLC to conduct a strategic review of its hotel, Sunseeker Resort Charlotte Harbor. The recently opened resort, located in Southwest Florida, is a wholly owned subsidiary of Allegiant Travel Company and is Florida's premier gulf coast oasis, offering magnificent views, amazing pools, world class restaurants, championship golf, a full-service spa and many other amenities.
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What's in Store for Allegiant Travel (ALGT) in Q2 Earnings?
High fuel costs are likely to have hurt Allegiant Travel's (ALGT) bottom-line performance in Q2.
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Allegiant Surprises Aspiring Pilot with a $34,000 Aviation Scholarship to Attend Dream University
LAS VEGAS , July 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT), in partnership with the Boys & Girls Club of America, today announced Jill Prime, 17, as the recipient of the airline's Careers in Aviation scholarship. Jill will receive $34,000 from Allegiant, which she will use to pay for tuition and expenses as she pursues her bachelor's degree at Embry-Riddle Aeronautical University.
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Allegiant Reports June 2024 Traffic
LAS VEGAS , July 25, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2024. Scheduled Service – Year Over Year Comparison June 2024 June 2023 Change Passengers 1,830,067 1,802,886 1.5 % Revenue passenger miles (000) 1,612,782 1,590,984 1.4 % Available seat miles (000) 1,862,875 1,766,164 5.5 % Load factor 86.6 % 90.1 % (3.5 pts) Departures 12,217 11,530 6.0 % Average stage length (miles) 868 868 0.0 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,572,769 4,719,623 (3.1 %) Revenue passenger miles (000) 4,108,288 4,278,399 (4.0 %) Available seat miles (000) 4,848,017 4,925,194 (1.6 %) Load factor 84.7 % 86.9 % (2.2 pts) Departures 31,128 31,487 (1.1 %) Average stage length (miles) 885 887 (0.2 %) Total System* - Year Over Year Comparison June 2024 June 2023 Change Passengers 1,849,172 1,814,041 1.9 % Available seat miles (000) 1,931,393 1,805,699 7.0 % Departures 12,639 11,816 7.0 % Average stage length (miles) 870 866 0.5 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,621,848 4,755,981 (2.8 %) Available seat miles (000) 5,013,209 5,053,547 (0.8 %) Departures 32,252 32,396 (0.4 %) Average stage length (miles) 883 884 (0.1 %) *Total system includes scheduled service and fixed fee contract.
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New Strong Sell Stocks for July 25th
ALGT, CRC and MP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2024.
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Allegiant Travel (ALGT) to Have a New CEO From September
Anderson brings immense experience to the table, having joined Allegiant Travel (ALGT) in 2010.
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Allegiant Announces President Greg Anderson as Next CEO
Maurice J. Gallagher to transition to Executive Chairman LAS VEGAS , July 18, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that Gregory C. Anderson has been named CEO and President of the Company succeeding Maurice J.
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Allegiant Announces Eight New Routes with One-Way Fares as Low as $39*
The Airline Offers New Low-Cost Travel Options to Popular Destinations in 13 Cities LAS VEGAS , July 16, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced eight new nonstop routes to 13 cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $39.
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Allegiant Travel Company Schedules Second Quarter 2024 Earnings Call
LAS VEGAS , July 11, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2024 financial results conference call for Wednesday, July 31 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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5 Broker-Loved Stocks to Keep an Eye on in the Current Scenario
Investors would do well to keep a tab on stocks like Air Transport Services (ATSG), Allegiant Travel (ALGT), ABM Industries (ABM), American Axle (AXL) and Warner Bros. (WBD).
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Allegiant (ALGT) Posts Unimpressive May Traffic Numbers
Allegiant's (ALGT) load factor for May 2024 came in at 84.8%.
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ALLEGIANT REPORTS MAY 2024 TRAFFIC
LAS VEGAS , June 28, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2024. Scheduled Service – Year Over Year Comparison May 2024 May 2023 Change Passengers 1,414,692 1,405,428 0.7 % Revenue passenger miles (000) 1,263,087 1,270,338 (0.6 %) Available seat miles (000) 1,489,477 1,478,396 0.7 % Load factor 84.8 % 85.9 % (1.1) pts Departures 9,615 9,489 1.3 % Average stage length (miles) 882 884 (0.2 %) Total System* - Year Over Year Comparison May 2024 May 2023 Change Passengers 1,428,599 1,417,520 0.8 % Available seat miles (000) 1,538,208 1,527,737 0.7 % Departures 9,976 9,828 1.5 % Average stage length (miles) 877 881 (0.5 %) *Total system includes scheduled service and fixed fee contract.
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Allegiant Named by Customers as Best Low-Cost Airline in North America at the 2024 World Airline Awards
LAS VEGAS , June 26, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has been named 2024's Best Low-Cost Airline in North America by Skytrax, the international air transport rating organization. Allegiant's President Gregory C.
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Chief Information Officer Robert P. Wilson III Retires from Allegiant
LAS VEGAS , June 10, 2024 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) announced Robert P. Wilson III will retire as the company's chief information officer effective July 1.
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Why Is Allegiant Travel (ALGT) Up 1% Since Last Earnings Report?
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
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Allegiant (ALGT) Posts Unimpressive April Traffic Numbers
Allegiant's (ALGT) load factor for April 2024 drops to 82.4%, reflecting a decline of 1.9 points year over year.
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ALLEGIANT REPORTS APRIL 2024 TRAFFIC
LAS VEGAS , May 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2024. Scheduled Service – Year Over Year Comparison April 2024 April 2023 Change Passengers 1,328,010 1,511,309 (12.1 %) Revenue passenger miles (000) 1,232,419 1,417,077 (13.0 %) Available seat miles (000) 1,495,665 1,680,635 (11.0 %) Load factor 82.4 % 84.3 % (1.9) pts Departures 9,296 10,468 (11.2 %) Average stage length (miles) 911 911 0.0 % Total System* - Year Over Year Comparison April 2024 April 2023 Change Passengers 1,344,077 1,524,420 (11.8 %) Available seat miles (000) 1,543,609 1,720,040 (10.3 %) Departures 9,637 10,752 (10.4 %) Average stage length (miles) 907 908 (0.1 %) *Total system includes scheduled service and fixed fee contract.
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Allegiant Salutes our Military Members and Veterans with Benefits for Passengers and Team Members
The airline offers exclusive benefits and support programs through various initiatives LAS VEGAS , May 23, 2024 /PRNewswire/ -- As Memorial Day approaches, Allegiant (NASDAQ: ALGT) proudly supports and celebrates our U.S. active duty military, retired military veterans, members of the National Guard, military reserve and their dependents by offering select complimentary services and career support programs. "Allegiant celebrates the selfless sacrifices made by our troops and veterans.
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Allegiant (ALGT) Grapples With Rising Expenses and High Debt
Rising operating expenses and a debt-laden balance sheet limit Allegiant's (ALGT) bottom-line growth.
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New Strong Sell Stocks for May 21st
DDD, ADNT and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on May 21, 2024.
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U.S. travelers are hungry for international travel. These stocks will likely benefit.
U.S. airlines are looking at fairly blue skies this summer, with legacy air carriers likely to fare better than low-cost airlines as they may catch tailwinds from the Paris Summer Olympics and the stronger demand for international travel.
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Allegiant (ALGT) Stock Up 1.2% on Q1 Earnings & Revenue Beat
Allegiant's (ALGT) first-quarter 2024 earnings decrease year over year while revenues increase.
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