Allegiant Travel Company
 (ALGT)

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  • 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
  • Oct. 7, 2015, 7:20 AM
    • Allegiant Travel (NASDAQ:ALGT) reports revenue passenger miles increased 15.5% to 484.34M in September.
    • Capacity rose 21% to 584.22M available seat miles during the month as additional flights to Hawaii factored in.
    • September load factor fell 400 bps to 82.8%.
    • Q3 load factor declined 320 bps to 87.3%.
    • The company expects a capacity increase of 22% to 26% in Q4 as it stays on an aggressive growth track.
    | Oct. 7, 2015, 7:20 AM
  • Sep. 16, 2015, 9:38 AM
    • Airline fares fell 3.1% M/M in August to follow up on a 5.6% decline in July, according to the Bureau of Labor Statistics.
    • The average fare was 6.0% lower than the level from a year ago on an unadjusted basis.
    • The drop in fares was expected with jet fuel prices dramatically lower. In some cases, carriers are spending 30% to 45% less on fuel per mile compared to a year ago.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Sep. 16, 2015, 9:38 AM | 8 Comments
  • Sep. 11, 2015, 9:48 AM
    • Airline stocks are reacting to new developments in the oil market where a Goldman Sachs forecast has created a ripple effect.
    • Most names are putting in gains even with broad market averages lower.
    • Leading advancers in early trading are Republic Airways Holdings (RJET +2.5%), Spirit Airlines (SAVE +1.3%), Hawaiian Holdings (HA +1.1%), and Allegiant Travel (ALGT +0.7%).
    • Related ETF: JETS.
    | Sep. 11, 2015, 9:48 AM
  • Sep. 4, 2015, 6:53 AM
    • Allegiant Travel (NASDAQ:ALGT) reports revenue passenger miles increased 20.2% to 749.635M in August.
    • Capacity was up 26% to 868.017M available seat miles.
    • August load factor -410 bps to 86.4%.
    • The company expects to increase capacity by 20% in September and 23% to 25% for all of Q3.
    | Sep. 4, 2015, 6:53 AM
  • Aug. 25, 2015, 12:39 PM
    • Airline stocks are getting a nice bounce today as investors can turn their attention back to the sustained drop in jet fuel prices after yesterday's tremors in global equities markets.
    • Big gainers include Alaska Air Group (ALK +6%), JetBlue Airways (JBLU +5.1%), American Airlines Group (AAL +4.6%), and Allegiant Travel Group (ALGT +5.1%).
    | Aug. 25, 2015, 12:39 PM | 3 Comments
  • Aug. 19, 2015, 3:35 PM
    • Airline stocks are mixed on the day as investors digest the net impact of another drop in oil prices against the Commerce Department's read that air fares fell almost 6% in July.
    • Some analysts think the group is getting less of a bounce from the new swing low in jet fuel costs due to concerns on revenue metrics.
    • Air fares are expected to drop through the summer due in part to a seasonal trend, although today's reported drop for July has been taken lightly by some who see the government's methodology as lacking accuracy.
    • Allegiant Travel (ALGT -1.1%) and Spirit Airlines (SAVE -1.0%) are the largest decliners in the sector today, while Southwest Airlines (LUV +0.9%) and Virgin America (VA +0.2%) are the only gainers.
    • Related ETFs: JETS.
    • Previously: Airline fares fall sharply in July (Aug. 19)
    | Aug. 19, 2015, 3:35 PM | 8 Comments
  • Aug. 19, 2015, 12:49 PM
    • Allegiant Travel (ALGT -0.1%) announces it purchased its 50th Airbus aircraft.
    • The company will have 25 Airbus planes (A320s and A319s) in service by the end of the year, with the remaining 25 expected to be part of the fleet by 2018.
    | Aug. 19, 2015, 12:49 PM
  • Aug. 19, 2015, 9:19 AM
    • Airlines fares fell 5.6% M/M in July to mark the sharpest drop in the index since December 1995, according to the Bureau of Labor Statistics.
    • The average fare was also 5.6% lower than the level from a year ago on an unadjusted basis.
    • Lower jet fuel expenses and an increased focus on price collusion in the sector are both in the background.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Aug. 19, 2015, 9:19 AM | 16 Comments
  • Aug. 14, 2015, 9:16 AM
    • Airline stocks are on watch as U.S. crude oil prices hit their lowest level in six years.
    • The sector hasn't rallied with the same vigor as it did with previous swings lower in oil which has some analysts calling for a delayed rally.
    • Though many companies left some savings on the table due to hedging activity, fuel cost per mile flown ranged lower by 20% to 45% in the sector during Q2.
    • Earlier this week, Raymond James pitched the case that airlines will use fare increases to cover rising labor costs, leaving fuel expense savings for balance sheet moves.
    • Related stocks: DAL, UAL, AAL, SAVE, RJET, HA, ALK, JBLU, VA, ALGT, LUV.
    • Related ETF: JETS.
    | Aug. 14, 2015, 9:16 AM | 16 Comments
  • Aug. 11, 2015, 6:49 AM
    | Aug. 11, 2015, 6:49 AM
  • Jul. 31, 2015, 1:27 PM
    • U.S. airline companies generated net income of over $5.7B in Q2 off of operating revenue that was roughly in-line with the level from last year.
    • Analysts expect the benefit of lower fuel prices and the high level of ancillary fee growth to continue into Q3 and Q4. While regulatory pressure may be dialed up with a collusion probe hanging over the sector, efficiency is seen firming up as strategic capacity growth feeds revenue.
    • Share prices haven't quite kept up with profit growth across much of the sector on skittish reactions by some investors to ongoing developments (hacking, labor, flight disruptions, PRASM guidance).
    • Forward P-E ratios below 10: American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), Delta Air Lines (NYSE:DAL), Hawaiian Holdings (NASDAQ:HA), Virgin America (NASDAQ:VA), Republic Airways (NASDAQ:RJET), SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV).
    • Forward P-E ratios below 10-15: JetBlue (NASDAQ:JBLU), Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE).
    • Forward P-E ratios +15: Allegiant Travel (NASDAQ:ALGT).
    • Related ETF: JETS.
    | Jul. 31, 2015, 1:27 PM | 24 Comments
Company Description
Allegiant Travel Co LLC a leisure travel company, engaged in transporting travelers in small cities to leisure destinations. The Company provides air-related services and products along with air transportation.
Sector: Services
Country: United States