Here's Why You Should Retain Allegiant Travel (ALGT) Stock

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 ...