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 |
|---|---|---|---|
| 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 |
| 6/15/2023 | $110.00 → $145.00 | Hold → Buy | Deutsche Bank |
| 3/10/2023 | $96.00 → $105.00 | Overweight → Equal Weight | Barclays |
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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
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, 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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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
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
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 %)
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
LAS VEGAS, Oct. 8, 2024 /PRNewswire/ -- Allegiant ((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. Allegiant's 2023 Sustainability Report documents the progress made towards these impact areas. It embodies the growing culture of responsibility at Allegiant, where stakeholder dedication, and an increasing company-wide commitment, drives meaningful progress on critical issu
LAS VEGAS, Sept. 20, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for August 2024. "As we have progressed through the third quarter, we have continued to observe a strong demand environment," noted Drew Wells, Chief Commercial Officer of Allegiant Travel Company. "While we expected the year-over-year unit revenue cadence to improve through the end of the quarter, the environment has certainly outperformed our initial expectations. Although the full month of September will likely be TRASM negative on a year-ove
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
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
Allegiant Rewards Visa® Is Top Ranked For Sixth Consecutive Year LAS VEGAS, Aug. 7, 2024 /PRNewswire/ -- Allegiant ((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. This is the sixth consecutive year the airline's credit card has received the top spot f
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
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
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