Allegiant Travel Company (ALGT) - NASDAQ
  • Fri, Jul. 8, 9:20 AM
    • Allegiant Travel (NASDAQ:ALGT) discloses revenue passenger miles increased 18% in June to 1.0256B.
    • Capacity was 21% higher during the month at 1.1811B available seat miles.
    • The company's load factor fell 190 bps to 86.8% with a high number of cancellations recorded during the month.
    • Allegiant expects a 17% increase in capacity during JUly and capacity growth of 15% to 19% for Q3.
    | Fri, Jul. 8, 9:20 AM
  • Tue, Jul. 5, 10:35 AM
    • Airline stocks are notable laggards on the day after Delta Air Lines (DAL -4.4%) reduced its outlook for Q2 operating margin to 17% (from 21% to 23% prior) and reported on a 5% drop in PRASM during June.
    • United Continental (UAL -3.5%) and American Airlines Group (AAL -2.5%) are seen as suffering from some of the same F/X and Brexit pressures abroad, while Spirit Airlines (SAVE -4%) and Allegiant Travel (ALGT -2.2%) continue their jittery trading patterns.
    • Southwest Airlines (LUV -1.4%) is also lower, despite a positive weekend profile in Barron's highlighting the stronger balance sheet the airline company has compared to peers and the lack of European headaches.
    • Previously: Delta Air Lines lower after issuing June traffic numbers (July 5)
    • Related ETF: JETS.
    | Tue, Jul. 5, 10:35 AM | 5 Comments
  • Fri, Jun. 24, 3:02 PM
    • In the rush to safety and away from cyclical stocks like airlines, Ryanar (RYAAY -5.1%), and the U.S. legacy carriers - American Airlines (AAL -10%), Delta (DAL -7.4%), and United (UAL -8.3%) - are most exposed to the Brexit, says Raymond James' Savanthi Syth.
    • The Latin American airlines are also negatively exposed to the stronger U.S. dollar - Copa (CPA -4%), Gol (GOL +6%), and Latam (LFL -6.1%).
    • For now, Allegiant (ALGT -1.5%), Spirit (SAVE -3.9%), and SkyWest (SKYW -5.1%) are best to hide out in, along with Alaska Air (ALK -4.3%) and Virgin America (VA -0.4%) to some extent.
    | Fri, Jun. 24, 3:02 PM | 38 Comments
  • Wed, Jun. 22, 7:05 AM
    • Allegiant (NASDAQ:ALGT) and the International Brotherhood of Teamsters (IBT), reached a tentative pilot contract agreement, to be voted on and ratified by Allegiant Air pilots. Ratification results are expected in late July.
    • "We are pleased to have come to an agreement with the IBT and our pilots. This contract, once approved by our pilots, will allow us to move into a new chapter at Allegiant," said Maury Gallagher, Chief Executive officer.
    • Allegiant Air pilots elected the International Brotherhood of Teamsters (IBT) to represent them in August 2012. This will be the first contract agreement between the pilots and the company since electing union representation. Allegiant and IBT have been negotiating in mediated sessions with the National Mediation Board since February 2014.
    • Press Release
    | Wed, Jun. 22, 7:05 AM
  • Mon, Jun. 13, 9:57 AM
    • Airline stocks begin the week with a sharp downward movement.
    • The terror attack in Orlando is the main driver of the selling pressure on the sector, although a bombing in the Shanghai airport yesterday is also impacting Chinese airlines China Eastern Air (CEA -2.1%) and China Southern Airlines (ZNH -5.3%).
    • Decliners include Hawaiian Holdings (HA -3.1%), American Airlines Group (AAL -2.9%), Spirit Airlines (SAVE -3.8%), Delta Air Lines (DAL -2.7%), JetBlue (JBLU -2.1%), Southwest Airlines (LUV -2.5%), SkyWest (SKYW -1.8%), United Continental (UAL -2.6%), Alaska Air Group (ALK -2.3%), and Allegiant Travel (ALGT -1.5%).
    • The U.S. Global Jets ETF (NYSEARCA:JETS) is down 2.72% on the day.
    | Mon, Jun. 13, 9:57 AM | 13 Comments
  • Tue, May 31, 2:24 AM
    | Tue, May 31, 2:24 AM | 41 Comments
  • Tue, May 17, 8:52 AM
    • U.S. air fares rose 1.1% M/M in April to reverse a decline from March, according to data compiled by the Bureau of Transportation Services. A higher mix of long-haul flights may have pushed up the average fare during the month.
    • The level of air fares was up 0.4% Y/Y on an unadjusted basis, despite some local fare wars and lower fuel costs for carriers.
    • The higher level of fares follows a major development yesterday when Delta cut back on its capacity growth plans in the second half of 2016 in a bid to level out fares. Delta's Q1 fares were down 5% Y/Y (includes international).
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW.
    | Tue, May 17, 8:52 AM | 7 Comments
  • Thu, May 5, 11:04 AM
    • Allegiant Travel (ALGT +1.5%reports revenue passenger miles rose 10.4% to 793.843M in April.
    • Capacity increased 11.7% to 942.147M during the month.
    • April load factor -90 bps to 84.3%.
    • The company expects capacity to increase 17% in May and 13% to 17% in Q2 as a whole.
    | Thu, May 5, 11:04 AM
  • Thu, Apr. 28, 1:24 AM
    • Allegiant Travel Company (NASDAQ:ALGT) declares $0.70/share quarterly dividend, 133.3% increase from prior dividend of $0.30.
    • Forward yield 1.66%
    • Payable June 3; for shareholders of record May 20; ex-div May 18.
    | Thu, Apr. 28, 1:24 AM
  • Wed, Apr. 27, 4:06 PM
    • Allegiant Travel Company (NASDAQ:ALGT): Q1 EPS of $4.29 beats by $0.01.
    • Revenue of $348.62M (+5.9% Y/Y) beats by $0.39M.
    • Press Release
    | Wed, Apr. 27, 4:06 PM
  • Tue, Apr. 26, 5:35 PM
  • Fri, Apr. 15, 9:52 AM
    • Barclays downgrades Allegiant Travel Company (ALGT -1.6%) to an Underweight rating after having the airline stock set at Equal-weight
    • The investment firm chops the price target on the airline stock to $188 from $205.
    • The biggest overhang on Allegiant is the perception that maintenance safety levels have suffered as the company has grown at a rapid pace. A series of emergency landings over the last few months hasn't helped to reverse that reputation with some airline industry watchers.
    | Fri, Apr. 15, 9:52 AM
  • Wed, Apr. 6, 12:07 PM
    | Wed, Apr. 6, 12:07 PM
  • Wed, Mar. 16, 2:26 PM
    • U.S. air fares fell 1.8% Y/Y in February, according to data compiled by the Bureau of Transportation Services. The decline is due in part to a high level of competition in key markets where discounters butt heads.
    • The decline in fares would probably be more pronounced if the metric were on a per mile basis.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV.
    | Wed, Mar. 16, 2:26 PM | 1 Comment
  • Thu, Mar. 10, 11:30 AM
    • U.S. airline stocks aren't reaping the benefits of low fuel costs as concerns over capacity outweigh attractive valuation (the median sector forward P/E ratio is around 9.5). A bulk of the sector is in negative territory for the year.
    • Recently-released traffic reports from February indicate fare pressure could increase this year.
    • Airline execs have been on the hot seat about the increase in flights, but so far haven't dialed back growth plans for 2016. The closest thing to capitulation comes from JetBlue CEO Robin Hayes. "Clearly if these pricing trends continue, we will look at more of our [marginal] capacity," said Hayes.
    • Despite record earnings, the problem for investors is that the sector is overrepresented by "higher turnover" investors focused on the PRASM metric, notes Wolfe Research's Hunter Keay. There's also a new focus on baggage fees and a DOJ probe on collusion in the mix.
    • Capacity growth in February (Y/Y): Virgin America +21%, United Continental +7% (U.S.), Allegiant Travel +23%, American Airlines +8% (U.S.), JetBlue +20%, Southwest Airlines +14%, Delta Air Lines +11% (U.S.).
    • Related stocks: AAL, LUV, HA, ALK, SAVE, VA, JBLU, UAL, RJET, ALGT, DAL.
    • Related ETF: JETS.
    | Thu, Mar. 10, 11:30 AM | 6 Comments
  • Wed, Mar. 9, 1:56 PM
    • Democratic Senators Richard Blumenthal (Conn.) and Ed Markey (Mass.) introduced a bill earlier today designed to curb excessive baggage and cancellations fees charged by airlines.
    • The proposed legislation aims to limit baggage fees to only cover the costs of the baggage handlers, ticket agents, the baggage processing, or other direct costs tied to checking a bag.
    • Airlines collected over $3B last year in baggage fees and ticket cancellation charges to represent almost 25% of all revenue.
    • Data from the Bureau of Labor Statistics indicates that Delta Air Lines (NYSE:DAL) collects more in baggage fees than any other U.S. airline.
    • Related stocks: AAL, LUV, HA, ALK, SAVE, VA, JBLU, UAL, RJET, ALGT.
    • Related ETF: JETS.
    • Full text of Fair Fees Act (.pdf)
    | Wed, Mar. 9, 1:56 PM | 56 Comments
Company Description
Allegiant Travel Co. is a leisure travel company focused on providing travel services to residents of small, underserved cities in the United States. Its travel services and products include scheduled service air transportation, which provides scheduled air transportation on limited frequency... More
Sector: Services
Industry: Regional Airlines
Country: United States