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: A ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

One stock that might be an intriguing choice for investors right now is Allegiant Travel Company (ALGT) . This is because this security in the Transportation - Airline space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place ...

Allegiant’s (ALGT) efforts to expand its global reach are commendable. The company’s proactive initiatives to boost its top line are also encouraging. Due to these tailwinds, ALGT shares have performed impressively on the bourse. If you have not taken advantage of the share price appreciation yet, it’s time to do so.Factors Favoring ALGT StockRobust Price Performance: The company’s price trend reveals that its shares have surged 91.6% over the past six months, surpassing the industry’s 39.2% fall.Image Sour ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Allegiant Travel (ALGT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.Allegiant Travel is a member of the Transportation sector. This group includes 131 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank consid ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Earnings and Financial Performance - Earnings per share (EPS) for the airline is anticipated to be in the $2.50-$3.00 range, up from the prior view of $0.50-$1.50 [2] - Fourth-quarter consolidated EPS, excluding special items, is expected to be in the range of $1.75-$2.25, an improvement from the prior expectation of breakeven to $1.00 per share [2] - The Zacks Consensus Estimate for EPS is currently pegged at $1.06 [2] - Total system ASM is projected to gain 1.9% year-over-year, up from the prior view of 1.5% [12] - Operating margin is expected to increase to the 13-14% range, up from the prior forecast of 6-8% [12] - Total revenues for 2024 are forecasted to decline in the range of 3.5-4.5%, an improvement from the prior view of a 4-5% decline [13] Air-Travel Demand and Revenue - Fourth-quarter revenue per available seat mile (RASM) is expected to increase 5.5%-7% year-over-year, up from the previous forecast of 3.5%-5.5% [7] - Upbeat air-travel demand is contributing to the company's top line [10] - Southwest Airlines (LUV), American Airlines (AAL), and JetBlue Airways (JBLU) have also provided encouraging fourth-quarter 2024 guidance due to upbeat holiday travel demand [17] - AAL lifted its fourth-quarter 2024 adjusted EPS guidance due to favorable pricing and revenue environment [23] - JBLU anticipates its fourth-quarter revenues to decline in the range of 2%-5% year-over-year [23] Fleet and Capacity - The company took delivery of two incremental 737-MAX aircraft in November and anticipates ending 2024 with four MAX aircraft in service, up from the prior expectation of one [18] - ALGT aims to expand its fleet size to 125 by the end of 2024, up from the prior view of 122 [18] - Fourth-quarter capacity (measured in available seat miles) for scheduled service is expected to increase 1.8% year-over-year, up from the prior expectation of 1.5% [22] Valuation and Stock Performance - ALGT is trading at a discount compared to the industry based on its forward 12-month price-to-sales ratio, which is also below its median over the last five years [9] - The company has a Value Score of A [9] - Shares of ALGT have improved in double-digits over the past 90 days, outperforming its industry [21] Costs and Expenses - Total operating expenses rose 10.2% year-over-year during the first nine months of 2024, following a 3.6% increase in 2023 [15] - The fuel cost per gallon is suggested to be $2.50, with the average fuel cost per gallon for November 2024 estimated at $2.52 [24] - Fourth-quarter CASM, excluding fuel and special charges, is anticipated to decline 3.5% year-over-year [8] Liquidity and Debt - ALGT's total unrestricted cash and investments were $804.6 million at the end of the third quarter of 2024, significantly lower than its long-term debt and finance lease obligations of $1.77 billion [5] Other Financial Activities - ALGT executed the sale of its underutilized CFM engines in the fourth quarter for $15 million [8]

Allegiant Travel Company (ALGT) has unveiled encouraging fourth-quarter 2024 guidance. ALGT now anticipates its fourth-quarter capacity (measured in available seat miles) for scheduled service to increase 1.8% on a year-over-year basis. This marks an improvement from the prior expectation of 1.5%.Total system ASM is now projected to gain 1.9% on a year-over-year basis (prior view: up 1.5%).Operating margin is now expected to increase in the 13-14% range, which marks an improvement over the prior forecast of ...

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 exceed ...

A month has gone by since the last earnings report for Allegiant Travel (ALGT) . Shares have added about 24.6% in that time frame, outperforming 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 drivers. Allegiant Incurs Loss in Q3Allegiant repor ...