Allegiant Travel Co Stock Price, News & Analysis

Allegiant Travel Company (NASDAQ: ALGT) has launched a new initiative called the Accelerate Pilot Pathway, aimed at university students aspiring to become pilots. The program focuses on sophomores, juniors, and seniors enrolled in universities with Part 141 flight training programs, such as Purdue University, Kent State University, and Western Michigan University. Allegiant's goal is to address the industry's pilot staffing shortage by providing mentorship, conditional employment, and support with regulatory credentials. Students entering their senior year may receive a conditional job offer as an Allegiant first officer, which includes various employee benefits. The program began at Purdue University in April 2023 and is set to expand to other universities throughout the summer.

Allegiant Travel Company (NASDAQ: ALGT) will hold its first quarter 2023 financial results conference call on May 3, 2023, at 12:30 p.m. EST. Investors can access the live broadcast via the company's Investor Relations website, where the call will be archived for later viewing. Allegiant, based in Las Vegas, provides affordable, nonstop flights linking small-to-medium cities with major vacation destinations. Since its inception in 1999, the airline has focused on offering low fares, significantly below the average domestic roundtrip ticket prices.

O’Charley’s Restaurant + Bar is celebrating its 50th Anniversary from April 10 to May 7 with various promotions aimed at enhancing customer engagement. This includes the much-anticipated return of Kids Eat Free throughout the celebration period. Guests can also participate in the 50th AnnO’versary Sweepstakes, offering grand prizes including a trip to Orlando and Nashville, along with gift cards. Additional festivities include special events like Employee Appreciation Day and a Bar Bash with discounted offers. The brand, established in 1971, continues to pride itself on providing a welcoming dining experience with American cuisine and genuine hospitality.

Allegiant Travel Company (NASDAQ: ALGT) announced its preliminary passenger traffic results for March 2023, showcasing an increase in passengers year-over-year. The total number of passengers reached 1,676,400, a 0.6% increase from March 2022. However, revenue passenger miles decreased by 0.3% to 1,589,454,000 and available seat miles fell by 2.2% to 1,802,132,000. The load factor improved to 88.2%, up by 1.7 points compared to the prior year. For the first quarter of 2023, total passengers increased by 11.1% to 4,122,196, with revenue passenger miles growing by 10.3%. Estimated average fuel cost increased to $3.42 per gallon for Q1 2023, compared to $3.09 in March 2023.