Allegiant Travel Company (ALGT) - NASDAQ
  • Wed, Jan. 20, 10:32 AM
    • Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
    • Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
    • The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
    • There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
    • Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
    • Related ETF: JETS.
    • BLS CPI data
    | Wed, Jan. 20, 10:32 AM | 26 Comments
  • Fri, Jan. 15, 6:07 PM
    • Allegiant Air (ALGT -1.6%) chief operating officer Steve Harfst is resigning, effective immediately.
    • He had joined the company as its COO in December 2014 from the same post at New Delhi's IndiGo Airlines.
    • The company says it will use the change as an "opportunity to refocus on operational needs and areas for improvement. Allegiant is committed to operational excellence and looks forward to continued progress in this area."
    | Fri, Jan. 15, 6:07 PM
  • Wed, Jan. 13, 8:35 AM
    • Allegiant Air (NASDAQ:ALGT) plans to start flying out of Baltimore-Washington International Thurgood Marshall Airport this spring.
    • The company is announcing cut-rate fares as a promotion tied to its official announcement of the new service.
    • Allegiant has been slowly increasing its presence at larger airports.
    • BWI is a hub for Southwest Airlines (NYSE:LUV).
    | Wed, Jan. 13, 8:35 AM | 4 Comments
  • Dec. 15, 2015, 9:09 AM
    • Airline fares rose 1.2% M/M in November to follow a 1.5% increase in October, according to the Bureau of Labor Statistics.
    • The average fare in November was 3.8% lower than the level from a year ago on an unadjusted basis after promotional activity in the first half of the year factored in.
    • The read on airline fares could calm some anxiety over PRASM forecasts from key carriers. It's also worth noting again that fuel costs are down 40% to 50% for carriers on the year-over-year comparison.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    • Previously: Calling all value investors: Airline stocks head into 2016 with upside (Dec. 12 2015)
    | Dec. 15, 2015, 9:09 AM | 21 Comments
  • Dec. 7, 2015, 7:10 AM
    • Allegiant Travel (NASDAQ:ALGT) reports revenue passenger miles increased 21.7% to 705.192M.
    • Capacity was up 26.3% to 845.92M available seat miles.
    • November load factor -310 bps to 82.5%.
    • YTD load factor -330 bps to 81.1%.
    • The company says on a preliminary view that total revenue per available seat mile fell 11% in October and was down between 8.1% to 7.7% in November.
    | Dec. 7, 2015, 7:10 AM
  • Dec. 4, 2015, 4:45 PM
    • Allegiant Travel Company (NASDAQ:ALGT) declares $1.65/share special dividend.
    • Payable Jan. 8; for shareholders of record Dec. 18; ex-div Dec. 16.
    | Dec. 4, 2015, 4:45 PM
  • Nov. 30, 2015, 10:13 AM
    • Allegiant Travel (ALGT -4.5%) slumps after Raymond James takes its rating to Market Perform from Outperform.
    • The slide in Allegiant coincides with a broad dip in airline stocks amid higher crude oil prices.
    • Shares of Allegiant are now down 19% from their high point in mid-October.
    | Nov. 30, 2015, 10:13 AM
  • Nov. 24, 2015, 1:49 PM
    • A global travel warning issued by the U.S. Department is impacting several sectors. Hotel stocks are notably weaker, while amusement park stocks are also trailing broad market averages. Airlines are feeling a double whammy from travel demand concerns and a 3% rise in crude oil futures.
    • In some cases the sell-off appears to be an overreaction with little evidence in that travel habits will change dramatically, according to some analysts.
    • Decliners include Hyatt Hotels (H -1.5%), Hilton Worldwide (HLT -1.1%), Marriott International (MAR -1.8%), JetBlue (JBLU -1.7%), Delta Air Lines (DAL -3.3%), American Airlines Group (AAL -2.4%), United Continental (UAL -3.2%), Allegiant Travel (ALGT -5.3%), Spirit Airlines (SAVE -4.1%), Southwest Airlines (LUV -2.7%), Six Flags (SIX -1.0%), Cedar Fair (FUN -1.0%), Disney (DIS -0.9%), and Sabre (SABR -3.9%), Virgin Amerinca (VA -2.5%), Alaska Air Group (ALK -1.5%).
    • Previously: PCLN, EXPE, TRIP sell off after State Department issues travel warning (Nov. 24)
    | Nov. 24, 2015, 1:49 PM | 16 Comments
  • Nov. 18, 2015, 1:22 PM
    • Airline stocks turned higher after the price of WTI crude oil broke below the $40 level for the first time since August.
    • The sector has seen some selling pressure this week on concerns over global travel.
    • U.S.-focused JetBlue (JBLU +1.7%), Allegiant Travel (ALGT +1.8%), and Spirit Airlines (SAVE +1.6%) are making the boldest moves today.
    | Nov. 18, 2015, 1:22 PM | 4 Comments
  • Nov. 17, 2015, 9:06 AM
    • Airline fares increased 1.5% M/M in October to break a streak of monthly declines, according to the Bureau of Labor Statistics.
    • The average fare was still 5.2% lower than the level from a year ago on an unadjusted basis.
    • The slight increase in fares is a positive development for the sector after Q3 earnings were pinched on highly competitive pricing in key markets.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Nov. 17, 2015, 9:06 AM | 6 Comments
  • Nov. 6, 2015, 7:18 AM
    • Allegiant Travel (NASDAQ:ALGT) announces revenue passenger miles rose 22.5% to 669M in October.
    • Capacity flew 28.7% higher to 800.62M available seat miles.
    • October load factor -430 bps to 83.6%.
    • YTD load factor -360 bps 82.2%.
    • The company estimates total revenue per available seat mile fell 11% in October and 7.4% in September. Looking ahead, Allegiant sees capacity growth of 15% to 19% in Q1 of 2016.
    | Nov. 6, 2015, 7:18 AM
  • Oct. 22, 2015, 9:55 AM
    • Allegiant Travel (ALGT -7.5%) is sharply lower after posting guidance this morning along with its Q3 report.
    • The company expects total revenue per available seat mile to fell between 8.5% and 10.5% in Q4.
    • Capacity is seen increasing 22% to 26% in Q4 after rising 15.3% to 7.814B in Q3.
    • Previously: Allegiant Travel Company misses by $0.01, revenue in-line (Oct. 21 2015)
    | Oct. 22, 2015, 9:55 AM
  • Oct. 21, 2015, 4:02 PM
    • Allegiant Travel Company (NASDAQ:ALGT): Q3 EPS of $2.62 misses by $0.01.
    • Revenue of $300M (+13.2% Y/Y) in-line.
    | Oct. 21, 2015, 4:02 PM
  • Oct. 20, 2015, 5:35 PM
  • Oct. 13, 2015, 1:12 PM
    • Transportation stocks are weak today on macroeconomic concerns and with a guidance cut from Ryder capturing some attention. Investment firms have also chipped away at the airline and railroad sectors with downgrades and price target revisions.
    • The move lower includes a wide variety of trucking, freight, and logistics stocks. FedEx (FDX -1.4%), Norfolk Southern (NSC -1.5%), CSX Corporation (CSX -1.7%), Knight Transportation (KNX -4.8%), J.B. Hunt Transport Services (JBHT -2.4%), Landstar System (LSTR -1.5%), Heartland Express (HTLD -2.7%), Air Transport Services Group (ATSG -1.6%), Allegiant Travel (ALGT -3.4%), Virgin America (VA -4.3%), and Hub Group (HUBG -2.9%) are all lower than broad market averages.
    • The Dow Jones Transportation Average is off 1.76% vs. the S&P 500 -0.26%.
    • Related ETFs: IYT, XTN.
    | Oct. 13, 2015, 1:12 PM | 2 Comments
  • Oct. 9, 2015, 10:29 AM
    • Airline stocks are showing some strength in early trading as investors shrug off another uptick in oil prices.
    • Solid traffic reports from United Continental and American Airlines Group are turning attention back to the robust profits being churned up in the sector.
    • United raised its Q3 profit forecast, while American saw a big jump in its load factor for September in a positive sign and gave its own favorable estimate on margins.
    • Gainers: United Continental (UAL +7.1%), American Airlines Group (AAL +4.4%), Delta Air Lines (DAL +2.5%), Hawaiian Holdings (HA +3.9%), Southwest Airlines (LUV +2.6%), Spirit Airlines (SAVE +4.7%), Virgin America (VA +3%), Allegiant Travel (ALGT +3.1%), Alaska Air Group (ALK +1.8%), JetBlue (JBLU +4.9%).
    • Related ETF: JETS.
    | Oct. 9, 2015, 10:29 AM | 6 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