LAS VEGAS, April 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2024. Scheduled Service – Year Over Year Comparison March 2024 March 2023 Change Passengers 1,649,826 1,676,400 (1.6 %) Revenue passenger miles (000) 1,569,978 1,589,454 (1.2 %) Available seat miles (000) 1,828,212 1,802,132 1.4 % Load factor 85.9 % 88.2 % (2.3 pts) Departures 11,075 11,119 (0.4 %) Average stage length ( ...

Agreement between Allegiant and TWU Local 577 members overwhelmingly ratified by flight attendants LAS VEGAS, April 16, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that the company and the Transport Workers Union of America, AFL-CIO Local 577, representing Allegiant's flight attendants, have ratified a new five-year agreement with immediate wage increases ranging from 20 to 41.2 percent. The tentative agreement was ratified by Allegiant flight attendants with a 89 percent approval vote and ...

Allegiant Travel’s (ALGT) efforts to modernize its fleet are encouraging. The fleet size at the end of 2024 is expected to expand to 130 from 126 at 2023-end. Rising fuel costs threaten Allegiant’s bottom line. Additionally, increasing labor expenses and high capital expenditures are further impacting ALGT’s profitability.Factors Favoring ALGTALGT's revenues soared 9% year over year in 2023, mainly driven by a robust 8.7% increase in passenger revenues, which account for 93% of total revenues. Strong traffi ...

Allegiant Travel (ALGT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this travel services company have returned -6.8%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Transportation - Airline industry, which Allegiant Travel falls in, has gained 1.2%. The key question now is: What could be the stock's future ...

Allegiant Travel Company (ALGT) reported traffic numbers for February 2024.  Scheduled traffic (measured in revenue passenger miles) grew 0.4% from February 2023 levels. Capacity (measured in available seat miles) for scheduled service improved 2.1% from February 2023 reading. The load factor (percentage of seats filled by passengers) in February 2024 came in at 84%.Total departures (scheduled services) grew 0.2% in February 2024 from its year-ago levels. Moreover, its average stage length (miles) improved ...

LAS VEGAS, March 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2024. "First quarter demand continued the trend of outperformance during peak weeks offset by a normalized off-peak demand profile," stated Drew Wells, Allegiant chief revenue officer. "Unitized revenue during the last two weeks of March exceeded prior year, highlighting continued demand strength. First quarter TRASM will come in slightly lower than initial expe ...

LAS VEGAS, March 22, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and The Transport Workers Union of America, AFL-CIO Local 577 announce they have reached a tentative agreement on all remaining open issues for the successor to the parties' first collective bargaining agreement. The parties' first collective bargaining agreement became amendable on December 21, 2022, and Allegiant and the TWU were able to secure the new five-year tentative agreement in just over a year and a half of bargaining by building o ...

Allegiant Travel (ALGT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this travel services company have returned -16.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Transportation - Airline industry, to which Allegiant belongs, has lost 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?While ...

Passengers can now enjoy more familiar favorites and brand new offerings LAS VEGAS, March 14, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) invites passengers to indulge in its new Spring inflight menu options. This update, designed to enhance the onboard experience, includes familiar favorites and brand-new offerings, ensuring a delightful journey for travelers. "Our goal with this menu update is to strike a perfect balance between beloved staples and exciting new discoveries," said Keny Wil ...

In the latest market close, Allegiant Travel (ALGT) reached $72.49, with a -0.67% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.65%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq lost 1.16%.The travel services company's shares have seen a decrease of 6.36% over the last month, not keeping up with the Transportation sector's gain of 2.19% and the S&P 500's gain of 3.4%.Investors will be eagerly watching for the performance of Allegiant Travel in its ...