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Allegiant Travel Company (ALGT)

- NASDAQ
  • Thu, Jun. 18, 5:36 PM
    | 4 Comments
  • Thu, Jun. 18, 9:06 AM
    • Airline fares rose 5.7% in May on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was still down 6.6% from last year on an unadjusted basis after the sector ran off a string of months with decreases.
    • Fares fell 1.3% in April and 1.7% in March.
    • If the bump in fares extends it could alleviate some concerns in the industry over capacity growth.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | 14 Comments
  • Tue, Jun. 9, 10:58 AM
    • The jittery airline sector is having a volatile day once again.
    • Capacity concerns have been the major focus of sellers, although the strong move higher of oil prices today is also in the background.
    • American Airlines Group reported a drop in its load factor earlier as capacity growth came in ahead of revenue passenger miles.
    • Though Raymond James issued a biting downgrade on American, United Continental, and Delta yesterday - some analysts such as Sterne Agee CRT's Michael Derchin think the pessimism is overdone.
    • Q2 conference calls could calm fears on capacity running hot, reasons the analyst.
    • A higher level of buybacks in the sector and reasonable valuations based on earnings projections are also factors.
    • Sector watch: Alaska Air Group (ALK -6.4%), Southwest Airlines (LUV -5.8%), SkyWest (SKYW -3.4%), Hawaiian Holdings (HA -4.7%), Spirit Airline (SAVE -4.4%), Delta Air Lines (DAL -3.7%), Allegiant Travel (ALGT -3.6%), Republic Airways (RJET -2.9%), Virgin America (VA -2.6%), United Continental (UAL -1.8%), American Airlines Group (AAL -2%), JetBlue (JBLU -1.9%).
    • The U.S. Global Jets ETF (NYSE:JETS) is down 2.96% on the day.
    • Previously: American Airlines Group's capacity up 2% in May
    | 19 Comments
  • Mon, Jun. 8, 3:33 PM
    • Allegiant Travel (ALGT -3.2%) wins a court battle in Nevada when an appeals court reversed a ruling from a lower court that limited the airline company from making changes to work rules amid contract negotiations with a Teamsters union.
    • A three-judge panel determined Allegiant can begin collective bargaining agreement negotiations again with the case out of appeal.
    | Comment!
  • Sat, May 30, 10:43 AM
    • The airline sector has been rattled this month by an indication from Southwest Airlines of a slight increase in capacity and some RevPAR tallies below expectations.
    • Concerns on pricing and capacity have held back some analysts from setting higher price targets on the group for the next year.
    • Over the last year, most airline stocks have showed a high degree of correlation with oil prices despite all the other factors that impact profits in the sector.
    • Southwest Airlines (NYSE:LUV), United Continental (NYSE:UAL), Alaska Airlines Group (NYSE:ALK), and Allegiant Travel (NASDAQ:ALGT) all had a correlation coefficient of -0.90 or lower between their daily closing share price and the level of oil. A mark of -1.0 indicates perfect negative correlation - while 0.0 indicates no correlation and +1.0 is perfect positive correlation.
    • American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), JetBlue (NASDAQ:JBLU), Republic Airways (NASDAQ:RJET), and Hawaiian Airlines (NASDAQ:HA) were all at -0.80 or lower.
    • Over a shorter period due to its IPO launch, the correlation coefficient on Virgin America (NASDAQ:VA) vs. oil came in at -0.733.
    • The U.S. carriers marching with the most independence from oil prices were Spirit Airlines (NASDAQ:SAVE) at -0.622 and SkyWest (NASDAQ:SKYW) at -0.701.
    • Pricing data and correlation coefficients
    | 16 Comments
  • Fri, May 22, 9:02 AM
    | 14 Comments
  • Wed, May 20, 10:42 AM
    • Airline stocks are making a strong move lower after oil prices react to supply data out of the U.S. and Japan along with renewed tension in Yemen.
    • Some sector analysts have noted the swings in airline share prices (up/down) are outsized compared to the impact on jet fuel prices of daily developments in the crude oil market.
    • Platts has a breakdown of how supply and demand forces in the jet fuel market bring other factors into play.
    • Leading airline decliners: Southwest Airlines (LUV -6.8%), American Airlines Group (AAL -6.1%), JetBlue (JBLU -6.3%), United Continental (UAL -6%), Spirit Airline (SAVE -5.3%), Delta Air Lines (DAL -4.9%), Alaska Air Group (ALK -3.9%), Hawaiian Holdings (HA -4.6%), Republic Airways (RJET -3.5%), Allegiant Travel (ALGT -3.8%).
    • Related ETFs: JETS.
    | 60 Comments
  • Mon, May 18, 5:24 AM
    | 20 Comments
  • Fri, May 8, 9:58 AM
    • Allegiant Travel Company (NASDAQ:ALGT) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 0.62%
    • Payable June 4; for shareholders of record May 20; ex-div May 18.
    | Comment!
  • Sat, Apr. 25, 5:53 PM
    | 17 Comments
  • Wed, Apr. 22, 4:02 PM
    • Allegiant Travel Company (NASDAQ:ALGT): Q1 EPS of $3.74 beats by $0.21.
    • Revenue of $329.24M (+8.8% Y/Y) beats by $6.73M.
    • Press Release
    | Comment!
  • Tue, Apr. 21, 5:35 PM
  • Fri, Apr. 17, 8:40 AM
    • Airline fares fell 1.7% M/M in March on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was down 5% from last year on an adjusted basis.
    • The decrease in fares is due in part to the lag factor of dropping oil prices from the fall and competitive activity in some key markets.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | 6 Comments
  • Wed, Apr. 15, 10:20 AM
    • Airlines with a high mix of domestic flights look attractive to Deutsche Bank.
    • The investment firm leans on the logic of avoiding some of the F/X traps of international routes with the U.S. dollar a bullying force.
    • DB lines up Allegiant Travel (ALGT +0.4%), JetBlue (JBLU +1%), Southwest Airlines (LUV +0.5%), and Spirit Airlines (SAVE +0.7%) as top sector picks.
    • An important development in the airline industry occurred earlier today when Delta Air Lines tipped it would cut back international capacity next winter. American Airlines (AAL +2.5%) and United Continental (UAL +1.6%) are on watch to see if they match the more conservative strategy.
    • Previously: Delta Air Lines +1.9% as results impress, capacity control tipped
    | 5 Comments
  • Wed, Apr. 8, 6:49 AM
    • Allegiant Travel (NASDAQ:ALGT) announces revenue passenger miles increased 5.1% to 908.06M in March.
    • Capacity was up 6.6% to 1.012B miles during the month.
    • The carrier's load factor fell 130 bps to 89.7%.
    • The load factor for Q1 was -50 bps to 88.0%.
    • The company says it grew capacity more than expected due to the low fuel cost environment.
    | Comment!
  • Wed, Apr. 1, 9:26 PM
    • A federal judge in Nevada issued a temporary restraining order that will bar Allegiant Air pilots from striking tomorrow.
    • The pilots union has until next Monday to respond to the ruling.
    • Allegiant Travel (NASDAQ:ALGT) says it expects all flight to operate as scheduled for the balance of the week.
    • Previously: Allegiant Air pilots plan walkout for Thursday
    | 1 Comment
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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