AirBoss

Building Allegiant Travel Position on the Way Down

ALGT is not an airline so much as a "travel company", making huge marks on non-airfare sales, like historically cheap Las Vegas hotel room night sales. But latest Q, their ancillary revenue deteriorated, unexpectedlly. How long into the recovery will their sweet deals on Las Vegas hotels persist? How long into the recovery and oil price rise will past-prime, used MD-80s remain economically non-obsolescent? And don't forget, these are mostly ex-Valujet people running the show.