Allegiant Air
ALGT

$52.91

3.75%

Market Cap: 965M

About: Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Employees: 5,951

Industrials Air Transportation, Scheduled

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 13 analysts

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1% more call options, than puts

Call options by funds: $24M | Put options by funds: $23.8M

0% more funds holding

Funds holding: 210 [Q4 2023] → 210 (+0) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 3 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 38

3.3% less ownership

Funds ownership: 84.12% [Q4 2023] → 80.82% (-3.3%) [Q1 2024]

13% less capital invested

Capital invested by funds: $1.28B [Q4 2023] → $1.11B (-$168M) [Q1 2024]

35% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 80

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$39

26%

downside

Avg. target

$63

18%

upside

High target

$100

89%

upside

13 analyst ratings

1 positive

8%

11 neutral

85%

1 negative

8%

TD Cowen Helane Becker	26%downside $39	Hold Maintained	17 Jul 2024
Susquehanna Christopher Stathoulopoulos	4%upside $55	Neutral Maintained	16 Jul 2024
Evercore ISI Group Duane Pfennigwerth	13%upside $60	In-Line Maintained	15 Jul 2024
Barclays Brandon Oglenski	15%downside $45	Equal-Weight Maintained	10 Jul 2024
Morgan Stanley Ravi Shanker	64%upside $87	Equal-Weight Maintained	8 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about ALGT published over the past 30 days

Allegiant Reports June 2024 Traffic

LAS VEGAS , July 25, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2024. Scheduled Service – Year Over Year Comparison June 2024 June 2023 Change Passengers 1,830,067 1,802,886 1.5 % Revenue passenger miles (000) 1,612,782 1,590,984 1.4 % Available seat miles (000) 1,862,875 1,766,164 5.5 % Load factor 86.6 % 90.1 % (3.5 pts) Departures 12,217 11,530 6.0 % Average stage length (miles) 868 868 0.0 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,572,769 4,719,623 (3.1 %) Revenue passenger miles (000) 4,108,288 4,278,399 (4.0 %) Available seat miles (000) 4,848,017 4,925,194 (1.6 %) Load factor 84.7 % 86.9 % (2.2 pts) Departures 31,128 31,487 (1.1 %) Average stage length (miles) 885 887 (0.2 %) Total System* - Year Over Year Comparison June 2024 June 2023 Change Passengers 1,849,172 1,814,041 1.9 % Available seat miles (000) 1,931,393 1,805,699 7.0 % Departures 12,639 11,816 7.0 % Average stage length (miles) 870 866 0.5 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,621,848 4,755,981 (2.8 %) Available seat miles (000) 5,013,209 5,053,547 (0.8 %) Departures 32,252 32,396 (0.4 %) Average stage length (miles) 883 884 (0.1 %) *Total system includes scheduled service and fixed fee contract.

Allegiant Reports June 2024 Traffic

Zacks Investment Research

New Strong Sell Stocks for July 25th

ALGT, CRC and MP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2024.

New Strong Sell Stocks for July 25th

Zacks Investment Research

Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for

Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research

Allegiant Travel (ALGT) to Have a New CEO From September

Anderson brings immense experience to the table, having joined Allegiant Travel (ALGT) in 2010.

Allegiant Travel (ALGT) to Have a New CEO From September

Allegiant Announces President Greg Anderson as Next CEO

Maurice J. Gallagher to transition to Executive Chairman LAS VEGAS , July 18, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that Gregory C. Anderson has been named CEO and President of the Company succeeding Maurice J.

Allegiant Announces President Greg Anderson as Next CEO

Allegiant Announces Eight New Routes with One-Way Fares as Low as $39*

The Airline Offers New Low-Cost Travel Options to Popular Destinations in 13 Cities LAS VEGAS , July 16, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced eight new nonstop routes to 13 cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $39.

Allegiant Announces Eight New Routes with One-Way Fares as Low as $39*

Allegiant Travel Company Schedules Second Quarter 2024 Earnings Call

LAS VEGAS , July 11, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2024 financial results conference call for Wednesday, July 31 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

Allegiant Travel Company Schedules Second Quarter 2024 Earnings Call

Zacks Investment Research

5 Broker-Loved Stocks to Keep an Eye on in the Current Scenario

Investors would do well to keep a tab on stocks like Air Transport Services (ATSG), Allegiant Travel (ALGT), ABM Industries (ABM), American Axle (AXL) and Warner Bros. (WBD).

5 Broker-Loved Stocks to Keep an Eye on in the Current Scenario

Zacks Investment Research

Allegiant (ALGT) Posts Unimpressive May Traffic Numbers

Allegiant's (ALGT) load factor for May 2024 came in at 84.8%.

Allegiant (ALGT) Posts Unimpressive May Traffic Numbers

ALLEGIANT REPORTS MAY 2024 TRAFFIC

LAS VEGAS , June 28, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2024. Scheduled Service – Year Over Year Comparison May 2024 May 2023 Change Passengers 1,414,692 1,405,428 0.7 % Revenue passenger miles (000) 1,263,087 1,270,338 (0.6 %) Available seat miles (000) 1,489,477 1,478,396 0.7 % Load factor 84.8 % 85.9 % (1.1) pts Departures 9,615 9,489 1.3 % Average stage length (miles) 882 884 (0.2 %) Total System* - Year Over Year Comparison May 2024 May 2023 Change Passengers 1,428,599 1,417,520 0.8 % Available seat miles (000) 1,538,208 1,527,737 0.7 % Departures 9,976 9,828 1.5 % Average stage length (miles) 877 881 (0.5 %) *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS MAY 2024 TRAFFIC

See News Rankings