Allegiant (ALGT) Stock Up 4.3% on Q4 Earnings & Revenue Beat

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 ...