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Allegiant Travel - ALGT STOCK NEWS

Welcome to our dedicated news page for Allegiant Travel (Ticker: ALGT), a resource for investors and traders seeking the latest updates and insights on Allegiant Travel.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allegiant Travel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allegiant Travel's position in the market.

Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) introduces new Spring inflight menu options, including spiced rum, flavored water, and signature cocktails. The airline aims to enhance the onboard experience by offering a mix of familiar favorites and exciting new choices. Passengers can enjoy discounts on snack packs and contribute to charity through their purchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.3%
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News
Rhea-AI Summary
Allegiant Travel Company (ALGT) reported a 2.3% decrease in passengers for January 2024 compared to January 2023. Revenue passenger miles and available seat miles also decreased by 2.3% and 0.6% respectively. However, the load factor dropped by 2.5 percentage points. Total system passengers saw a 2.0% decline. The average stage length increased slightly. Allegiant also provided the estimated average fuel cost per gallon for January 2024 at $2.88.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
Allegiant (ALGT) secures a top spot in The Wall Street Journal's list of top airlines for 2023, highlighting its exceptional value and quality services. The airline ranks third overall and first among Ultra-Low-Cost Carriers (ULCC). Allegiant boasts a 99.8% controllable completion rate and only 1.72 mishandled bags per 1,000 passengers, well below the industry average. The airline did not involuntarily bump any passengers in 2023, contributing to its recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) collaborates with Berry Aviation to launch the Allegiant Incentive program, enhancing pilot recruitment and training. The partnership aims to provide a seamless pathway for experienced pilots to join Allegiant's workforce, benefiting both companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
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partnership
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Rhea-AI Summary
Allegiant Travel Company (ALGT) introduces 10 new nonstop routes to 14 cities in the US, offering low-cost one-way fares starting at $45. The expansion aims to connect underserved markets with vacation destinations, emphasizing convenience and accessibility for travelers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) reported a GAAP diluted loss per share of $(0.13) for the fourth quarter of 2023. However, diluted earnings per share, excluding special charges, were $0.11 for the same period. The full-year 2023 GAAP diluted earnings per share were $6.29, while diluted earnings per share, excluding special charges, were $7.31. The Sunseeker Resort officially opened on December 15, 2023. The total operating revenue for the year 2023 was $2,509.9 million, with an operating expense of $2,288.9 million. Allegiant's chairman and CEO, Maurice J. Gallagher, Jr., expressed satisfaction with the 2023 performance, highlighting the company's commitment to delivering a reliable operation and the successful opening of Sunseeker Resort. He also emphasized the company's focus on restoring margins to historical levels and its ambitious plans to position itself as an integrated travel company. President Gregory Anderson highlighted the operational excellence that helped drive out nearly $100 million in irregular operations costs from the business, resulting in near industry-leading margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.6%
Tags
earnings
Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) has rescheduled its earnings conference call to Monday, February 5 at 3:00 p.m. EST. The live broadcast will be available through the company's Investor Relations website. Allegiant is an integrated travel company with a focus on connecting customers with world-class vacation destinations through nonstop flights and low fares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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earnings
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News
Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) reported its preliminary passenger traffic results for December 2023, fourth quarter 2023, and full year 2023. The company saw a decrease in passengers, revenue passenger miles, and available seat miles in December 2023 compared to the previous year. However, the full year 2023 results showed an increase in passengers, revenue passenger miles, and available seat miles. The company also provided estimated average fuel costs per gallon for December 2023, 4th quarter 2023, and full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
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Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2023 financial results conference call for Monday, February 5 at 12:30 p.m. EST. The company is an integrated travel company with a focus on connecting customers with world-class vacation destinations. Allegiant Air has low average fares and serves communities across the nation. The company's webcast of the conference call will be available through the Investor Relations website, and it will also be archived on the site.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
earnings
News
Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) reported a 9.2% increase in passengers, 7.7% increase in revenue passenger miles, and 10.5% increase in available seat miles for November 2023 compared to November 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
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Allegiant Travel

Nasdaq:ALGT

ALGT Rankings

ALGT Stock Data

1.23B
14.48M
17.21%
86.54%
3.76%
Scheduled Passenger Air Transportation
Transportation and Warehousing
Link
US
Las Vegas

About ALGT

allegiant is more than an airline, it’s an innovative travel company dedicated to providing the best travel deals to its to its customers. linking small u.s. cities to world-class leisure destinations such as florida, las vegas, phoenix, california, hawaii, and myrtle beach, s.c., allegiant provides low-cost travel packages that include not only air, but hotel, rental car and entertainment tickets. allegiant was founded in 1997 in fresno, calif. in december 2000, allegiant filed for bankruptcy and maurice j. gallagher jr., the major creditor of the airline, gained control of the business during reorganization. in june 2001, gallagher restructured the airline to a low-cost model and moved the headquarters and operations to las vegas, where they remain today. allegiant’s unique strategy has allowed the company to remain profitable every quarter since 2003 despite industry challenges that include fluctuating fuel costs and an unstable economy. allegiant became a public company in dece