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Allegiant Travel Company (ALGT)

- NASDAQ
  • Fri, Mar. 27, 3:10 AM
    | 14 Comments
  • Tue, Mar. 24, 9:48 AM
    • Airline fares in the U.S. rose in February, according to the Bureau of Labor Statistics.
    • The average fare was up 1.9% from January.
    • Fares were 3% lower than they were a year ago during February.
    • Though a slight increase was expected with oil prices higher, the reading is still positive for the sector as the impact of capacity gains in key markets on fares is weighed.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | 7 Comments
  • Wed, Mar. 18, 7:27 PM
    | 21 Comments
  • Wed, Mar. 11, 7:41 AM
    • U.S. airlines expect passenger traffic to increase 2% during March and April.
    • The group of major carriers is forecast to show a 3% rise in capacity over the period.
    • The industry's net profit margin is expected to improve compared to a year ago due to lower fuel expenses.
    • The average price on aviation jet fuel in North America is currently down 36.6% from a year ago, but 25.2% higher than the level from a month ago.
    • Airline fares fell 3% in January and are expected to have shown a smaller decline in February. March fares are seen as holding steady due to strong business demand.
    • U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
    | 7 Comments
  • Thu, Feb. 26, 9:15 AM
    • Airline fares fell 3.0% Y/Y in the U.S. during January on an unadjusted basis, according to data from the Bureau of Labor Statistics.
    • The average fare was down 1.4% M/M.
    • The drop in fares over the last few months lags by a wide margin the fuel expense savings reported by carriers.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW,
    | 9 Comments
  • Thu, Feb. 19, 9:48 AM
    • Strong gains across the airline sector after oil prices move in the right direction after inventories increase.
    • What to watch: The West Coast port slowdown is now a factor in the jet fuel market (Platts breakdown).
    • Gainers: Republic Airways (NASDAQ:RJET) +4.7%, Delta Air Lines (NYSE:DAL) +4.1%, JetBlue (NASDAQ:JBLU) +3.9%, Southwest Airlines (NYSE:LUV) +2.6%, United Continental (NYSE:UAL) +2.8%, American Airlines Group (NASDAQ:AAL) +2.1%, United Continental (UAL) +2.5%, Spirit Airlines (NASDAQ:SAVE) +2.6%, Virgin America (NASDAQ:VA) +2.1%, Allegiant Travel (NASDAQ:ALGT) +1.8%, Hawaiian Holdings (NASDAQ:HA) +1.2%.
    | 18 Comments
  • Sat, Feb. 7, 7:00 AM
    • Airline stocks have been on a tear over the last six months with plunging oil prices helping to lower costs for carriers.
    • A SA scan within the sector of share price gain in relation to Q4 fuel expense declines (Y/Y) is one way to measure which stocks in the sector are getting the biggest boost from the energy market developments (jet fuel price chart).
    • Four airlines saw a share price multiplier of over 4X their fuel cost drop-off percentage: Southwest Airlines (NYSE:LUV), Allegiant Travel (NASDAQ:ALGT), JetBlue (NASDAQ:JBLU), and Hawaiian Holdings (NASDAQ:HA).
    • United Continental (NYSE:UAL) and Alaska Airlines (NYSE:ALK) were in the next group with a multiple of 3.907 and 3.169, respectively.
    • Delta Air Lines (NYSE:DAL) lagged with a multiple of 1.893. Don't blame the company's Trainer refinery which earned a profit of $105M in Q4. Concerns on weak demand in Asia may be the culprit.
    • American Airlines Group (NASDAQ:AAL) trailed the sector with a 1.786 multiple, despite a spot-on strategy of scrapping fuel hedging just ahead of the oil market collapse, as integration complexity remains in the background.
    • Virgin America, Spirit Airlines, Republic Airways Holdings, and SkyWest Airlines haven't reported Q4 earnings yet, so they weren't included in the comparison.
    | 38 Comments
  • Wed, Feb. 4, 3:09 PM
    • The sharp move lower in crude oil prices isn't going unnoticed by airline investors.
    • Wild daily gyrations in airline stocks have become the norm due to the lack of consensus over the direction of jet fuel prices from current levels and the implications on travel demand from a low oil price environment.
    • Airline stocks making the most dramatic moves: United Continental (UAL +5.8%), American Airlines Group (AAL +4.3%), Spirit Airlines (SAVE +4.3%), Republic Airways (RJET +4.0%).
    • Also rallying: Southwest Airlines (LUV +3.6%), JetBlue (JBLU +3.9%), Allegiant Travel (ALGT +3.6%), Hawaiian Holdings (HA +3%), Delta Air Lines (DAL +2.5%), Alaska Air Group (ALK +2.4%).
    • Virgin American (VA +0.4%) is snoozing the news.
    | 35 Comments
  • Tue, Feb. 3, 2:46 PM
    • Another strong jump in oil prices has tripped up airline stocks again.
    • The outlier in the group is Virgin America (NASDAQ:VA) which has managed a 0.2% gain.
    • The sector is coming off a Q4 where most companies realized a double-digit decline in fuel expenses with no give back on airfares.
    • Decliners: Republic Airways (NASDAQ:RJET) -1.1%, Delta Air Lines (NYSE:DAL) -1.1%, Hawaiian Holdings (NASDAQ:HA) -1.0%, Southwest Airlines (NYSE:LUV) -3.1%, Alaska Air Group (NYSE:ALK) -3.0%, American Airlines Group (NASDAQ:AAL) -2.4%, Allegiant Travel (NASDAQ:ALGT) -3.2%, JetBlue (NASDAQ:JBLU) -2.1%, United Continential (NYSE:UAL) -2.3%.
    | 18 Comments
  • Mon, Feb. 2, 3:02 PM
    • Airline stocks retreat after oil prices make a strong move higher.
    • Despite the ups and downs in the sector as developments with the oil market dominates headlines, more analysts are jumping aboard the long-term story on airlines on earnings growth potential and cash flow allocation plans.
    • Today it was Raymond James coming in with upgrades on Delta Air Lines , Spirit Airlines (SAVE +1%), and United Continental to a Strong Buy.
    • Decliners: Republic Airways (NASDAQ:RJET) -3.8%, Delta Air Lines (NYSE:DAL) -3.0%, Hawaiian Holdings (NASDAQ:HA) -2.7%, Southwest Airlines (NYSE:LUV) -2.5%, Alaska Air Group (NYSE:ALK) -1.9%, American Airlines Group (NASDAQ:AAL) -1.7%, Allegiant Travel (NASDAQ:ALGT) -1.5%, JetBlue (NASDAQ:JBLU) -1.4%, United Continential (NYSE:UAL) -1.2%.
    | 9 Comments
  • Wed, Jan. 28, 4:02 PM
    • Allegiant Travel Company (NASDAQ:ALGT): Q4 EPS of $1.83 beats by $0.11.
    • Revenue of $278.95M (+17.0% Y/Y) beats by $2.86M.
    • Shares -0.18%.
    • Press Release
    | Comment!
  • Tue, Jan. 27, 5:35 PM
  • Thu, Jan. 22, 9:31 AM
    • Airline stocks are set to rally as news from the sector continues to be favorable.
    • Double-digit fuel cost declines. Check.
    • Fares holding. Check.
    • Passenger revenue miles outpacing capacity gains. Check.
    • Analyst ratings and EPS upgrades. Check.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
    | 36 Comments
  • Tue, Jan. 20, 7:41 AM
    • U.S. airlines are expected to return more cash to shareholders this year and pay down debt with the money saved from lower fuel expenses.
    • The carriers may also use the improvement on their balance sheet to push for better financing terms on new aircraft purchases.
    • A significant drop in airfares is lower on the list with demand in the U.S. at a strong level.
    • Related stocks: VA, LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET.
    • Previously: Airline math: Jet fuel down 30%, fares down 5% (Jan. 16 2015)
    | 5 Comments
  • Fri, Jan. 16, 9:43 AM
    | 29 Comments
  • Tue, Jan. 13, 7:58 AM
    • Cowen Research's Helane Becker takes a positive view on pricing in the airline sector for 2015 on her view domestic demand will stay strong enough to keep the pressure off of airlines to drop fares.
    • A gauge of recent comments by airline execs seems to indicate the analyst is correct and airfares will be held largely level - despite the sharp drop in oil prices.
    • Delta Air Lines CEO: "It’s wonderful that fuel has run down–we love it. There’s a $2 billion opportunity out there if we hold fare levels constant."
    • American Airlines Group CEO: "...we don’t have plans to go off and just proactively cut fares."
    • Southwest Airlines CEO: "What I would not want to do to customers is take them through the same volatile ride with fares [as 2008], lowered in one day, raised in the next day."
    • U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
    | 10 Comments
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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