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 |
---|---|---|---|
12/17/2024 | $50.00 → $70.00 | Hold | TD Cowen |
11/26/2024 | $16.00 | Neutral | UBS |
11/15/2024 | $83.00 | Neutral | Goldman |
11/1/2024 | $42.00 → $50.00 | Hold | TD Cowen |
10/3/2024 | $33.00 → $42.00 | Hold | TD Cowen |
8/7/2024 | $39.00 → $33.00 | Hold | TD Cowen |
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 |
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $70.00 from $50.00 previously
UBS resumed coverage of Allegiant Travel with a rating of Neutral and set a new price target of $16.00
Goldman resumed coverage of Allegiant Travel with a rating of Neutral and set a new price target of $83.00
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $50.00 from $42.00 previously
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $42.00 from $33.00 previously
TD Cowen reiterated coverage of Allegiant Travel with a rating of Hold and set a new price target of $33.00 from $39.00 previously
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
8-K - Allegiant Travel CO (0001362468) (Filer)
10-K - Allegiant Travel CO (0001362468) (Filer)
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LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Allegiant (NASDAQ:ALGT) today announced that Scott DeAngelo, executive vice president and chief marketing officer, has resigned. His last day with the company will be Sept. 30. DeAngelo joined the company in 2018 and immediately set to work establishing a marketing and advertising strategy that has led to multiple awards and recognitions, including USA TODAY's Readers' Choice Awards for Best Airline Credit Card and Best Frequent Flyer Program. "We are grateful to Scott for his leadership and commitment over the last six years. His exten
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
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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. "Peak March weeks are performing strong with TRASM nearly in line with the same weeks in the prior year, despite significant growth. However, given the shoulder period weakness, we now expect first qua
LAS VEGAS, March 3, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) announced that Chief Operating Officer Keny F. Wilper will step down effective today. He will stay on as an advisor while the company conducts a search for his successor. Tyler Hollingsworth, Senior Vice President of Flight Operations, will serve as interim COO. Mr. Wilper has had an illustrious 23-year career with Allegiant, during which he served in several key operations roles. Shortly after joining the company in 2002, he began working with the team to shape Allegiant into an ultra-low-cost ca
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 1,18
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 2
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 % 4th Quarter 2024 4th Quarter 2023 Change Passengers 3,927,423 4,067,855 (3.5 %) Revenue pass
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. 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, focuse
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. "Demand recovery to hurricane-impacted destinations has been faster than expected, with demand to most impacted regions returning to normal. Additionally, close-in holiday demand during November exceeded our expectations with TRASM performing on par with the prior year du
The Airline Offers New Low-Cost Travel Options to Popular Destinations in 51 Cities LAS VEGAS, Nov. 19, 2024 /PRNewswire/ -- Allegiant Travel Company ((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.* The flights, starting in February, will expand the airline's network options in 51 cities around the country, offering convenient, affordable air ser
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. "We canceled nearly 1,000 flights between late September and early January, with approximately two-thirds of those cancelations occurring during the month of October. We are encouraged by booking trend
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 operatin
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 2
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. 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, focuse
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 operatin
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. 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
Second quarter 2024 GAAP diluted earnings per share of $0.75Second 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, exce
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