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.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Allegiant Travel (ALGT) is a Top-Ranked Growth Stock: Should You Buy?

LAS VEGAS, July 26, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced an exclusive partnership with select Live Nation venues, Ticketmaster and music festivals to give customers access to unparalleled live entertainment experiences across the United States. The multi-year strategic partnership brings together the best of travel and live experiences including digital and commerce elements.

Allegiant Partners With Live Nation Venues And Music Festivals To Bring Customers Unprecedented Access To Live Music Experiences

American Airlines

Delta Air Lines

Hawaiian Hlds

JetBlue Airways

US Global Jets ETF

Southwest Airlines

Sabre

Spirit Airlines

SkyWest

United Continental Hlds

Frontier Group Holdings

Low-cost airlines are down 25%-40% off their spring highs, approaching prices not seen since January 2021.

'Ain't Been No Summer Vacation' For Airline Stocks

LAS VEGAS, July 19, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2021 financial results conference call for Wednesday, July 28 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

Allegiant Travel Company Schedules Second Quarter 2021 Earnings Call

Allegiant's (ALGT) load factor expands 20.4 points year over year to 77.7% in June 2021.

Allegiant (ALGT) Posts Excellent June 2021 Traffic Numbers

LAS VEGAS, July 13, 2021 /PRNewswire/ --  Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2021 as well as second quarter 2021. "Demand strength persisted throughout the quarter with average daily bookings in excess of the same time period in 2019," stated Gregory Anderson, executive vice president and chief financial officer.

Allegiant Reports June 2021 Traffic

Delta Air Lines kicks off the reporting season on Wednesday. The sector's outlook is darkening as the Delta variant spreads and jet fuel prices jump.

Airline Earnings Are Coming. Wall Street Is Getting Bearish.

Allegiant (ALGT) to launch non-stop flights on Nov 11, which will connect the Melbourne Orlando International Airport with Pittsburgh.

Allegiant (ALGT) to Add Routes as Air-Travel Demand Picks Up

LAS VEGAS, June 29, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces 23 new nonstop routes for fall vacation and holiday travel to destinations across the country, including 10 routes to four new cities: Melbourne, Fla.; Amarillo, Texas; Washington, D.C.

Allegiant Announces 23 New Nonstop Routes With One-Way Fares As Low As $39*

Allegiant's (ALGT) load factor expands 21.4 points year over year to 68.7% in May 2021.

Allegiant (ALGT) May 2021 Traffic Up 172% From May 2020

LAS VEGAS, June 15, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2021. "We have been pleased to see leisure demand recovery persist throughout May and into early June," stated Drew Wells, senior vice president, revenue.

Allegiant Reports May 2021 Traffic

Air traffic is recovering and expected to boom this summer.

These 3 Airlines Are Going to Take Off in the Next 5 Years

Gap Inc

Kimberly-Clark

Wendy's

The broad markets had a relatively quiet day on Tuesday, with technology being the only sector propping up the Nasdaq.

Jim Cramer's Picks and Pans 6/8

Alaska Air Group

U.S. carriers like United Airlines (UAL) and Allegiant Travel (ALGT) decide to bolster their networks with new routes to meet the highly anticipated demand surge during the imminent summer.

The Sky Appears Sunnier Ahead for U.S. Airlines: Here's Why

Within the last quarter, Allegiant Travel (NASDAQ:ALGT) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 2 0 Somewhat Bullish 1 1 1 1 Indifferent 0 0 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 8 analysts have offered 12-month price targets for Allegiant Travel. The company has an average price target of $288.25 with a high of $326.00 and a low of $230.00.

What 8 Analyst Ratings Have To Say About Allegiant Travel

Allegiant (ALGT) plans to commence six nonstop services in summer of 2021 to Florida and the west. Also, the carrier's new offerings include two routes to Phoenix Airport.

Allegiant (ALGT) to Begin Six New Routes for Summer Travel

Allegiant (ALGT) gains on moderate fuel costs that partly offset coronavirus-led revenue declines. Meanwhile, low cash balance is a headwind.

Moderate Fuel Costs Aid Allegiant (ALGT) Amid High Debt

LAS VEGAS, May 25, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces six new nonstop routes for summer and fall vacation travel to premier destinations in Florida and the west. The new offerings include two routes to Phoenix Sky Harbor International Airport (PHX), which Allegiant will serve for the first time in its history.

Allegiant Announces Six New Nonstop Routes To Make Sunny Summer And Fall Vacation Dreams Come True

With air-travel demand improving in the United States, Allegiant's (ALGT) load factor in April improves year over year.

Allegiant's (ALGT) April 2021 Traffic Down 21.6% From April 2019

With air-travel demand continuing to recover, Allegiant (ALGT) intends to hire 184 pilots in the coming months.

Allegiant (ALGT) to Hire 184 Pilots to Meet Increased Demand

LAS VEGAS, May 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2021. Scheduled Service – Year Over Two-Year Comparison April 2021 April 2019 Change Passengers 1,009,460 1,268,298 (20.4%) Revenue passenger miles (000) 904,249 1,154,056 (21.6%) Available seat miles (000) 1,417,235 1,425,278 (0.6%) Load factor 63.8% 81.0% (17.2 pts) Departures 9,408 9,305 1.1% Average stage length (miles) 868 895 (3.0%)   Total System* - Year Over Two-Year Comparison April 2021 April 2019 Change Passengers 1,016,688 1,281,143 (20.6%) Available seat miles (000) 1,447,376 1,471,005 (1.6%) Departures 9,663 9,653 0.1% Average stage length (miles) 863 891 (3.1%)   Scheduled Service – Year Over Year Comparison April 2021 April 2020 Change Passengers 1,009,460 36,342 2,677.7% Revenue passenger miles (000) 904,249 35,179 2,470.4% Available seat miles (000) 1,417,235 182,500 676.6% Load factor 63.8% 19.3% 44.5pts Departures 9,408 1,089 763.9% Average stage length (miles) 868 934 (7.1%)   Total System* - Year Over Year Comparison April 20211 April 2020 Change Passengers 1,016,688 38,812 2,519.5% Available seat miles (000) 1,447,376 194,739 643.2% Departures 9,663 1,189 712.7% Average stage length (miles) 863 914 (5.6%) *Total system includes scheduled service and fixed fee contract.

Allegiant Reports April 2021 Traffic

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

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

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

Allegiant Hiring Nearly 200 Pilots In Response To Increasing Travel Demand

Airline traffic is one of many industries that has been hurt by the Covid-19 pandemic. TSA screenings are up and airlines that have reported earnings are pointing to strong recoveries and bookings.

TSA Reports Post-Pandemic Record Screenings: 3 Airline Stocks To Watch

3 Airline Stocks to Watch out for Despite Industry Headwinds

News for Allegiant Travel Company Stock (ALGT)