Here's Why Investors Should Retain Allegiant (ALGT) Stock Now

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 ...