Welcome to our dedicated page for Allegiant Travel Company news (Ticker: $ALGT), a resource for investors and traders seeking the latest updates and insights on Allegiant Travel Company stock.
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 Company'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.
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Rhea-AI Summary
Allegiant Travel Company (NASDAQ: ALGT) has been ranked as a 2024 Four Star Low-Cost Carrier by the Airline Passenger Experience Association (APEX) for the fifth consecutive year. The award is based on passenger feedback from nearly one million flights on over 600 airlines worldwide.
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End-of-Day
1.37%
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Allegiant Travel Company (ALGT) fulfilled the wish of a 14-year-old boy with a critical illness to be a pilot for a day through its partnership with Make-A-Wish. Since 2012, Allegiant has flown over 2,000 kids and their families to their wish destinations, donating more than $7 million to Make-A-Wish. The company also provides office space and donates a portion of in-flight snack sales to the organization.
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Allegiant Travel Company (ALGT) reported a 12.7% increase in passengers, 10.7% increase in revenue passenger miles, and 13.1% increase in available seat miles for October 2023 compared to October 2022.
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End-of-Day
0.58%
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Allegiant (NASDAQ: ALGT) announces twelve new nonstop routes to popular vacation destinations, expanding the airline's network options in 22 cities. The new flights, starting in Spring 2024, offer low one-way fares as low as $49 to celebrate the expansion. The addition of Orlando International Airport (MCO) marks the first new station added since March 2022, making Allegiant a more dynamic airline committed to accessible travel. The routes aim to transport vacationers to some of the airline's most in-demand destinations.
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End-of-Day
-1.15%
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Allegiant Travel Company reported a third-quarter 2023 GAAP diluted loss per share of $(1.44) and diluted earnings per share of $0.09 excluding special charges. The company's Sunseeker Resort is set to open on December 15, 2023. Total operating revenue for the quarter was $565.4 million, up 0.9% from the previous year. The airline operating margin, excluding special charges, was 3.7%.
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End-of-Day
-2.32%
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Allegiant Travel Company reports a decline in passenger traffic for September 2023 and the third quarter of 2023 compared to the same periods in 2022. However, the company saw an increase in available seat miles for both periods. The average stage length remained relatively stable. The estimated average fuel cost per gallon also increased for September 2023 compared to the third quarter of 2023.
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Rhea-AI Sentiment
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0.71%
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Allegiant Travel Company announces collaboration with Carrie Underwood for its Allways Rewards Visa card and loyalty program. The collaboration includes a series of commercials highlighting Carrie's small-town roots and the benefits of the card. Both Allegiant and Carrie have a partnership with Make-A-Wish. Allegiant will kick off the partnership with a national advertising campaign.
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Rhea-AI Sentiment
End-of-Day
-3.59%
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Allegiant Travel Company has scheduled its third quarter 2023 financial results conference call for November 2. The webcast will be available on the company's Investor Relations website.
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-3.59%
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Allegiant Travel Company announces relocation of operations to new Satellite Concourse at Nashville International Airport, allowing for future growth and enhanced travel experience.
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-2.42%
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Allegiant secures financing for Airbus A320 CEO and Boeing 737 MAX aircraft
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-1.73%
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Allegiant Travel Company
Nasdaq:ALGT
ALGT Rankings
ALGT Stock Data
965.95M
14.51M
17.03%
86.57%
4.08%
Scheduled Passenger Air Transportation
Transportation and Warehousing
United States of America
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