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.Shares of this travel services company have returned -7.9% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Transportation - Airline industry, to which Allegiant Travel belongs, has gained 5.8% over this period. Now the key question is: Where could the stock be headed in the n ...

Allegiant Travel Company (ALGT) capitalizes on robust air travel demand and continuous fleet expansion, fueling its success. However, elevated labor and fuel expenses are impeding bottom-line progress.Factors Favoring ALGTAmid a robust surge in air travel demand, ALGT has been consistently sharing positive traffic numbers over the past few months. Passenger revenues, which accounted for the bulk (93%) of the top line, increased 8.7%, and operating revenues were up 9% on a year-over-year basis in 2023.The co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2023 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 Other Juri ...

Allegiant Travel Company (ALGT) reported disappointing traffic numbers for January 2024.  Scheduled traffic (measured in revenue passenger miles) fell 2.3% from January 2023 levels. Capacity (measured in available seat miles) for scheduled service improved 0.6% from January 2023 reading. The load factor (percentage of seats filled by passengers) in January 2024 was 80.7%.Total departures (scheduled services) fell 0.8% in January 2024 from its year-ago levels. However, its average stage length (miles) improv ...

LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2024. Scheduled Service – Year Over Year Comparison January 2024 January 2023      Change Passengers 1,176,117 1,203,241 (2.3 %) Revenue passenger miles (000)      1,119,728 1,146,506 (2.3 %) Available seat miles (000) 1,387,038 1,378,569 0.6 % Load factor 80.7 % 83.2 % (2.5) pts Departures 8,546 8,617 (0.8 %) Average s ...

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.Shares of this travel services company have returned +0.1% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Transportation - Airline industry, to which Allegiant Travel belongs, has gained 10.5% over this period. Now the key question is: Where could the stock be headed in the ...

Ultra-low-cost carrier recognized for excellence in passenger satisfaction LAS VEGAS, Feb. 22, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) is thrilled to announce its recognition in The Wall Street Journal's annual list of top airlines. This acknowledgment highlights Allegiant's unique position in providing exceptional value and quality services within the aviation industry. Allegiant, which ranked third on the list, finished as the top ULCC. Earning a top position on The Wall Street Journal's esteemed li ...

LAS VEGAS, Feb. 20, 2024 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) announced the launch of its Allegiant Incentive program in collaboration with Berry Aviation, a private aviation company offering various services, including government, scheduled and on-demand cargo, MRO/CRO and FBO operations. This collaboration offers Allegiant access to a pool of experienced pilots trained by Berry and enhances the diversity and depth of talent available while providing immediate benefit for both com ...

The Airline Offers New Low-Cost Travel Options to Popular Destinations in 14 Cities LAS VEGAS, Feb. 12, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced 10 new nonstop routes to 14 cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $45.* The routes, launching in June, will provide the only nonstop service between these cities. "This expansion caters to passengers and communities we feel have been overlooked by other carriers ...

Allegiant Travel Company (ALGT) shares gained 4.3% since its fourth-quarter 2023 earnings release on Feb 5. Quarterly earnings per share (EPS) came in at 11 cents against the Zacks Consensus Estimate’s loss of 67 cents. Operating revenues of $611 million outperformed the Zacks Consensus Estimate of $601.5 million but decreased marginally on a year-over-year basis.Passenger revenues, which accounted for the bulk (91%) of the top line, fell 1.5% on a year-over-year basis. Air traffic (measured in revenue pass ...