Allegiant Travel Company (ALGT) is being hurt by rising operating expenses. The northward movement in labor expenses is also hurting ALGT’s bottom line by pushing up operating costs. In first-quarter 2024, total operating expenses rose 15.5% year over year.ALGT’s weak liquidity position is also concerning. At the end of first-quarter 2024, the company’s total unrestricted cash and investments were $853.7 million, much lower than the long-term debt and finance lease obligations (net of current maturities and ...

Allegiant Travel Company's (ALGT) shares have gained 1.2% since its first-quarter 2024 earnings release on May 7. Quarterly earnings 57 cents beat Zacks Consensus Estimate of 51 cents but declined 81.3% year over year. Operating revenues of $656.4 million outperformed the Zacks Consensus Estimate of $648.4 million and increased 1% on a year-over-year basis.Passenger revenues, which accounted for the bulk (88%) of the top line, fell 4.8% on a year-over-year basis. Air traffic (measured in revenue passenger m ...

Angel Di Bilio/iStock Editorial via Getty Images In December 2023, Allegiant Travel Company (NASDAQ:ALGT) opened its much awaited Sunsecker Resort, diversifying Allegiant's business, which prior to the opening was primarily focused on passenger transport and, to a lesser extent, resort related revenues. The Company provided its first quarter results on the May 7, 2024, providing some insights in the performance and expectations for the Sunseeker Resort. Resolts beat analyst estimates by $11.18 million on th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission File Number 001-33166 Allegiant Travel Company (Exact Name of Registrant as Specified in Its Charter) Nevada 20-4745737 (State or ...

The airline was also named the No. 1 ULCC LAS VEGAS, May 9, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: 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 pric ...

Allegiant Travel Company (NASDAQ:ALGT) Q1 2024 Earnings Conference Call May 7, 2024 12:30 PM ET Company Participants Sherry Wilson - Managing Director of Investor Relations Maury Gallagher - Executive Chairman and CEO Greg Anderson - President Micah Richins - President of Sunseeker Resorts Scott DeAngelo - EVP and Chief Marketing Officer Drew Wells - SVP and Chief Revenue Officer Robert Neal - SVP and Chief Financial Officer Conference Call Participants Helane Becker - TD Cowen Ravi Shanker - Morgan Stanley ...

Exhibit 99.1 ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2024 FINANCIAL RESULTS 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 — Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year: Co ...

Allegiant Travel (ALGT) reported $656.41 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1%. EPS of $0.57 for the same period compares to $3.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $648.38 million, representing a surprise of +1.24%. The company delivered an EPS surprise of +11.76%, with the consensus EPS estimate being $0.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Allegiant Travel Company (ALGT) is scheduled to report first-quarter 2024 results on May 7 after market close.ALGT has a promising earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the four preceding quarters and missing in one, the average beat being 34.56%. The Zacks Consensus Estimate for the current-quarter loss has widened to 84 cents per share from 43 cents in the past 60 days.Let us take a look at the factors that are likely to have influenced ALGT’s performance in ...

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 integrate ...