Zacks Transportation - Airline industry's prospects look bright on the back of a rosy air travel demand scenario. Declining fuel costs also bode well for airlines. This is because expenses on fuel represent a key input cost for airlines.As a result, we believe that investors interested in the industry would do well to bet on stocks like Ryanair Holdings (RYAAY) , Southwest Airlines (LUV) and Allegiant Travel (ALGT) for higher returns.About the Industry The Zacks Airline industry players are engaged in trans ...

The U.S. annual inflation rate slowed for the sixth consecutive month to 2.4% in September 2024, marking its lowest level since February 2021. Additionally, stagnant wholesale prices, as indicated by the latest Producer Price Index, signal continued progress on inflation. Despite political and geopolitical uncertainty, the S&P 500 has surged 22% this year and is poised for another year of double-digit gains. However, a tight U.S. presidential race and heightened Middle East tensions have investors cautious ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Allegiant Travel (ALGT) . This company, which is in the Zacks Transportation - Airline industry, shows potential for another earnings beat.When looking at the last two reports, this travel services company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 61.24%, on average, in ...

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 integrate ...

LAS VEGAS, Oct. 8, 2024 /PRNewswire/ -- Allegiant (NASDAQ: 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 in ...

Shares of Allegiant Travel Company (ALGT) have had a good time on the bourses of late, improving in double-digits over the past 30 days. The encouraging price performance resulted in ALGT outperforming its industry in the said time frame. Moreover, ALGT’s price performance compares favorably with that of fellow U.S. airline operators Southwest Airlines Co. (LUV) and Delta Air Lines (DAL) in the same time frame.           One-Month Price Comparison Image Source: Zacks Investment ResearchCurrently trading at ...

Shares of Allegiant Travel Company (ALGT) performed well on the bourse on Sept. 20, 2024, closing the trading session at $45.81 per share, up 6.39% from the previous day's closing. The upside was owing to the improved third-quarter 2024 guidance revealed by the company on the back of upbeat travel demand.ALGT now anticipates its third-quarter capacity (measured in available seat miles) for scheduled service to increase 1.6% on a year-over-year basis. This marks an improvement from the prior expectation to i ...

Core Insights - Allegiant Travel Company reported strong demand in the third quarter, with improved unit revenue expectations compared to prior forecasts [2] - The company anticipates a year-over-year decrease in unit revenues of approximately 5.5%, an improvement from the previously expected 7.5% decline [2] - Holiday bookings are showing strength, with an 18% increase in December capacity compared to 2023 [2] Passenger Traffic Results - In August 2024, Allegiant served 1,327,765 passengers, a 1.3% increase from 1,310,751 passengers in August 2023 [4] - Revenue passenger miles for August 2024 were 1,173,459, up 0.8% from 1,163,582 in August 2023 [4] - Available seat miles increased by 2.7% to 1,389,464 in August 2024 from 1,353,230 in August 2023 [4] - The load factor decreased by 1.5 percentage points to 84.5% in August 2024 compared to 86.0% in August 2023 [4] Financial Guidance - The company expects non-fuel unit costs to rise by approximately 4.5% in the third quarter, which is 2.5 points better than previously anticipated [2] - Fuel costs are projected to average $2.70 per gallon for the third quarter, down from an earlier estimate of $2.80 [2] - The updated guidance for airline-only operating margin is expected to be between (0.5%) and (1.5%), an improvement from the previous range of (4.5%) to (6.5%) [3] System Performance - Total system passengers in August 2024 reached 1,344,533, a 1.8% increase from 1,320,721 in August 2023 [5] - Total available seat miles for the system increased by 3.0% to 1,444,380 in August 2024 from 1,402,344 in August 2023 [5] - Departures rose by 3.7% to 9,553 in August 2024 compared to 9,211 in August 2023 [5]

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 Scot ...

It is a well-documented fact that inflation in the United States has been cooling over the past few months. The favorable inflation readings have made market watchers hopeful of a rate cut soon. Lower interest rates bring down borrowing costs, boosting economic growth. Healthy economic data released recently also bode well.To take advantage of this brightening picture, investors are advised to have broker-favored stocks like AdvanSix (ASIX) , Allegiant Travel Company (ALGT) , CVR Energy (CVI) , Warner Bros. ...