Allegiant (ALGT) Grapples With Rising Expenses and High Debt

Allegiant Travel Company (ALGT) is being hurt by rising operating expenses. The northward movement in labor expenses is also hurting ALGT’s bottom line by pushing up operating costs. In first-quarter 2024, total operating expenses rose 15.5% year over year.ALGT’s weak liquidity position is also concerning. At the end of first-quarter 2024, the company’s total unrestricted cash and investments were $853.7 million, much lower than the long-term debt and finance lease obligations (net of current maturities and ...