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 2024May 2023Change Passengers 1,414,6921,405,4280.7 % Revenue passenger miles (000)1,263,0871,270,338(0.6 %) Available seat miles (000) 1,489,4771,478,3960.7 % 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 Ma ...

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. Anderson received the award during Skytrax's World Airline Awards ceremony held in London earlier this week. The awards ceremony, considered the "Oscars of the aviation industry," recognizes airlines around the world for exceptional customer service. "We are incredibly ho ...

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. "Rob has played an important role in helping Allegiant become the company it is today," said President Gregory C. Anderson. "On behalf of the entire team and the company, I want to thank Rob for his many years of service. His dedication and commitment over the years have been key in our success. One of his biggest acco ...

It has been about a month since the last earnings report for Allegiant Travel (ALGT) . Shares have added about 1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Allegiant Travel due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at Allegiant in Q1 Q ...

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 2024April 2023Change 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 Ov ...

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. In the face of unimagin ...

Allegiant Travel Company (ALGT) is being hurt by rising operating expenses. The northward movement in labor expenses is also hurting ALGT’s bottom line by pushing up operating costs. In first-quarter 2024, total operating expenses rose 15.5% year over year. ALGT’s weak liquidity position is also concerning. At the end of first-quarter 2024, the company’s total unrestricted cash and investments were $853.7 million, much lower than the long-term debt and finance lease obligations (net of current maturities an ...

Allegiant Travel Company's (ALGT) shares have gained 1.2% since its first-quarter 2024 earnings release on May 7. Quarterly earnings 57 cents beat Zacks Consensus Estimate of 51 cents but declined 81.3% year over year. Operating revenues of $656.4 million outperformed the Zacks Consensus Estimate of $648.4 million and increased 1% on a year-over-year basis. Passenger revenues, which accounted for the bulk (88%) of the top line, fell 4.8% on a year-over-year basis. Air traffic (measured in revenue passenger ...

Angel Di Bilio/iStock Editorial via Getty Images In December 2023, Allegiant Travel Company (NASDAQ:ALGT) opened its much awaited Sunseeker Resort, diversifying Allegiant's business, which prior to the opening was primarily focused on passenger transport and, to a lesser extent, resort related revenues. The Company provided its first quarter results on the May 7, 2024, providing some insights in the performance and expectations for the Sunseeker Resort. Results beat analyst estimates by $11.18 million on th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission File Number 001-33166 Allegiant Travel Company (Exact Name of Registrant as Specified in Its Charter) Nevada 20-4745737 (State or ...