Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 12, 2021, it operated a fleet of 97 Airbus A320 series aircraft. The company also provides air-related services and products in conjunction with air transportation, including convenience and baggage fees, advance seat assignments, travel protection products, priority boarding, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company operates a golf course. Allegiant Travel Company was founded in 1997 and is headquartered in Las Vegas, Nevada.
IPO Year: 2006
Exchange: NASDAQ
Website: allegiantair.com
Date | Price Target | Rating | Analyst |
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7/17/2024 | $60.00 → $39.00 | Hold | TD Cowen |
7/8/2024 | $75.00 → $53.00 | Buy → Hold | Deutsche Bank |
5/15/2024 | $65.00 → $60.00 | Hold | TD Cowen |
2/6/2024 | $82.00 → $85.00 | Market Perform | TD Cowen |
6/15/2023 | $110.00 → $145.00 | Hold → Buy | Deutsche Bank |
3/10/2023 | $96.00 → $105.00 | Overweight → Equal Weight | Barclays |
1/11/2023 | $90.00 | Positive → Neutral | Susquehanna |
12/20/2022 | $106.00 → $75.00 | Buy → Hold | Deutsche Bank |
12/16/2022 | $96.00 | Buy | Goldman |
12/15/2022 | $80.00 | Outperform → Market Perform | Cowen |
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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We Fly™ Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused on connecting cus
First quarter 2024 GAAP diluted loss per share of $(0.07) First quarter 2024 diluted earnings per share, excluding special charges of $0.57(1)(4)(5) First quarter 2024 airline only diluted earnings per share, excluding special charges of $1.08(1)(4)(6) LAS VEGAS, May 7, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operat
LAS VEGAS, April 30, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) has scheduled its first quarter 2024 financial results conference call for Tuesday, May 7 at 12:30 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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We Fly™ Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused on connecting cu
Fourth quarter 2023 GAAP diluted loss per share of $(0.13)Fourth quarter 2023 diluted earnings per share, excluding special charges of $0.11(1)(6)(7)Fourth quarter 2023 airline only diluted earnings per share, excluding special charges of $0.86(1)(8) Full-year 2023 GAAP diluted earnings per share of $6.29Full-year 2023 diluted earnings per share, excluding special charges of $7.31(1)(6)(7)Full-year 2023 airline only diluted earnings per share, excluding special charges of $8.82(1)(8) Sunseeker Resort officially opened December 15, 2023 LAS VEGAS, Feb. 5, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) today reported the following financial results for the fourth quarter and full-
LAS VEGAS, Feb. 2, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) has changed the time of its previously announced earnings conference call due to a scheduling conflict. The call will now be Monday, February 5 at 3:00 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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We Fly™ Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company wi
LAS VEGAS, Jan. 24, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) has scheduled its fourth quarter and full-year 2023 financial results conference call for Monday, February 5 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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We FlyTM Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused o
Second quarter 2023 GAAP diluted earnings per share of $4.80Second quarter 2023 diluted earnings per share, excluding Sunseeker special charges of $4.35(1)(4)(5)Second quarter 2023 airline only diluted earnings per share of $4.57(1) Declares an Annual Cash Dividend of $2.40 per Share LAS VEGAS, Aug. 2, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) today reported the following financial results for the second quarter 2023, as well as comparisons to the prior year: Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share am
LAS VEGAS, July 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) has scheduled its second quarter 2023 financial results conference call for Wednesday, August 2 at 12:30 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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We Fly™ Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused on connecting c
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 $
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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We FlyTMLas Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused on connecting
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Maurice J. Gallagher to transition to Executive Chairman LAS VEGAS, July 18, 2024 /PRNewswire/ -- Allegiant Travel Company ((ALGT) announced today that Gregory C. Anderson has been named CEO and President of the Company succeeding Maurice J. Gallagher, who will be retiring from that role effective September 1. Gallagher will continue to serve the Company as Executive Chairman of the Board. Anderson will join the Board at that time. "On behalf of the board of directors, I'm thrilled to announce Greg as Allegiant's CEO," Gallagher said. "After working closely with him for the pa
The Airline Offers New Low-Cost Travel Options to Popular Destinations in 13 Cities LAS VEGAS, July 16, 2024 /PRNewswire/ -- Allegiant Travel Company ((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.* The routes, launching in November, will provide convenient, affordable air service to premier vacation destinations. These additional routes come at a time of high demand. With many travelers being mindful of their spending, Allegiant is committed to providing budg
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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We Fly™ Las Vegas-based Allegiant (NASDAQ:ALGT) is an integrated travel company with an airline at its heart, focused on connecting cus
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 % Ava
LAS VEGAS, June 10, 2024 /PRNewswire/ -- Today, Allegiant Travel Company ((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 accomplishments is the terrific team Rob has put in place - this gives me confiden
The airline is offering fans the ultimate journey to game day with limited time flights for Packers, Lions, Browns, Chiefs and Vikings fans to catch their favorite teams live LAS VEGAS, June 3, 2024 /PRNewswire/ -- Get ready to paint the skies with your team colors! Allegiant ((ALGT) is thrilled to announce a series of special flights for the NFL season, giving dedicated football fans a convenient, hassle free ride to the game. Whether your allegiance lies with the Packers, Lions, Browns, Chiefs or Vikings, the airline has the perfect flight for you! Allegiant operates all no
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 Pas
The airline offers exclusive benefits and support programs through various initiatives LAS VEGAS, May 23, 2024 /PRNewswire/ -- As Memorial Day approaches, Allegiant ((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 unimaginable challenges, their dedication, courage, and resilience are the ultimate te
The airline was also named the No. 1 ULCC LAS VEGAS, May 9, 2024 /PRNewswire/ -- Allegiant Travel Company ((ALGT) has been named one of the top three airlines, and number one ULCC, by customers, according to the J.D. Power 2024 North America Airline Satisfaction Study. The consumer research firm's annual survey asked passengers to rate carriers based on seven core factors: airline staff, digital tools, ease of travel, level of trust, on-board experience, pre/post-flight experience, and value for price paid. "We are honored to receive this recognition from our passengers, as it
First quarter 2024 GAAP diluted loss per share of $(0.07) First quarter 2024 diluted earnings per share, excluding special charges of $0.57(1)(4)(5) First quarter 2024 airline only diluted earnings per share, excluding special charges of $1.08(1)(4)(6) LAS VEGAS, May 7, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operat
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TORONTO, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") ") is pleased to announce that its US based wholly-owned subsidiary Unisync (Nevada) LLC has been selected by Allegiant Air to manage the uniform program for their uniformed employees across the US. This multi-year agreement represents the culmination of an extensive review of Unisync’s award-winning product quality and customer-focused suite of fulfillment services. The new agreement covers the sourcing, supply and program management of operational imagewear for all of Allegiant’s flight attendants and pilots. Allegiant has more than 2,500 crew members across the US and serves more than 125 cities with appro
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $39.00 from $60.00 previously
Deutsche Bank downgraded Allegiant Travel from Buy to Hold and set a new price target of $53.00 from $75.00 previously
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $60.00 from $65.00 previously
TD Cowen reiterated coverage of Allegiant Travel with a rating of Market Perform and set a new price target of $85.00 from $82.00 previously
Deutsche Bank upgraded Allegiant Travel from Hold to Buy and set a new price target of $145.00 from $110.00 previously
Barclays downgraded Allegiant Travel from Overweight to Equal Weight and set a new price target of $105.00 from $96.00 previously
Susquehanna downgraded Allegiant Travel from Positive to Neutral and set a new price target of $90.00
Deutsche Bank downgraded Allegiant Travel from Buy to Hold and set a new price target of $75.00 from $106.00 previously
Goldman resumed coverage of Allegiant Travel with a rating of Buy and set a new price target of $96.00
Cowen downgraded Allegiant Travel from Outperform to Market Perform and set a new price target of $80.00
American Airlines Group Inc. (NASDAQ:AAL) shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem. However, American Airlines stated earlier that the outage did not affect its operations, reported Reuters. Related: Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED) The outage began at approximately 6 p.m. ET on Thursday, affecting a subset of its customers with issues in multiple Azure services in the Central U.S. region. Azure is a cloud computing platform that offers services for building, deploying, and managing applicati
-Reuters
Shares of Crowdstrike Holdings Inc. (NASDAQ:CRWD) and Microsoft Corp. (NASDAQ:MSFT) experienced significant dips during Friday pre-market after a worldwide Windows crash instigated by a Crowdstrike update. What Happened: According to Benzinga Pro, on Friday, Crowdstrike’s stock plummeted nearly 13%, trading at $298.80 pre-market, a significant drop from Thursday’s close of $343.05. Microsoft also experienced a pre-market dip of 1.97%, trading at $431.70, down from $440.37 at Thursday’s close. The sudden drop is attributed to a recent Crowdstrike update that caused Windows laptops worldwide to crash, exhibiting the notorious “Blue Screen of Death” (BSOD) and leaving them unable to rebo
A widespread Microsoft Corp. (NASDAQ:MSFT) cloud service disruption on Thursday led to the grounding and cancellation of flights for several airlines, including Frontier Group Holdings Inc. (NASDAQ:ULCC), Allegiant Travel Company (NASDAQ:ALGT), and Sun Country Airlines (NASDAQ:SNCY). What Happened: Microsoft reported issues with its cloud services in the Central U.S. region, which significantly impacted the operations of several airlines, Reuters reported on Friday. The low-cost carriers, including Frontier Airlines, Allegiant, and Sun Country, experienced outages that affected their day-to-day operations. Frontier Airlines confirmed that a “major Microsoft technical outage” had te
Allegiant Travel Company (NASDAQ:ALGT) shares took a nosedive on Thursday after company filings revealed that the company is suspending its dividend. The airline industry has struggled in 2024 with rising costs and margin contraction. What Happened: Allegiant revealed the dividend suspension in an 8-K filing on Thursday — the same day the company announced that Gregory C. Anderson will be the next CEO as of Sept. 1. Anderson will succeed Maurice J. Gallagher, who will be retiring. “In anticipation of capital requirements related to fleet investments, the Company is suspending its quarterly cash dividend effective immediately,” the filing read. Allegiant previously issued an annu
TD Cowen analyst Helane Becker maintains Allegiant Travel (NASDAQ:ALGT) with a Hold and lowers the price target from $60 to $39.
The midair incident in January involving a door panel blowing off an Alaska Air Group Inc (NYSE:ALK) operated Boeing Co. (NYSE:BA) 737 MAX 9 jet, leading the carrier to ground its MAX 9 fleet has had a domino effect on all aspects of aviation industry. This single incident has led to inflating costs for those dependent on Boeing and straining airlines’ operations, reported Reuters. The resulting slowdown in Boeing’s MAX deliveries has hurt earnings for airlines like Southwest Airlines Co (NYSE:LUV) and various suppliers, while also causing inconvenience and stranding passengers. Also Read: Judge Allots Time For Boeing 737 MAX Crash Victims’ Relatives To Object Plea Deal: Report S