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Allegiant Travel Company (ALGT)

NASDAQ: ALGT · IEX Real-Time Price · USD
192.20 7.26 (3.93%)
Dec 8, 2021 4:00 PM EST - Market closed
Market Cap3.48B
Revenue (ttm)1.46B
Net Income (ttm)112.31M
Shares Out18.09M
EPS (ttm)6.57
PE Ratio29.25
Forward PE13.21
Dividendn/a
Ex-Dividend Daten/a
Volume273,833
Open186.00
Previous Close184.94
Day's Range185.43 - 196.67
52-Week Range163.60 - 271.29
Beta1.60
AnalystsStrong Buy
Price Target256.09 (+33.2%)
Earnings DateOct 27, 2021

About ALGT

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 12, 2021, it operated a fleet of 97 Airbus A320 series aircraft. The company also provides air-related services and products in conjunction with air transportation, including convenience and baggage fees, advance seat assignments, travel protectio...

IndustryAirlines
IPO DateDec 8, 2006
CEOMaurice Gallagher
Employees4,261
Stock ExchangeNASDAQ
Ticker SymbolALGT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for ALGT stock is "Strong Buy." The 12-month stock price forecast is 256.09, which is an increase of 33.24% from the latest price.

Price Target
$256.09
(33.24% upside)
Analyst Consensus: Strong Buy

News

Allegiant Announces Nine New Nonstop Routes To Premier Spring Break Destinations With Fares As Low As $39*

LAS VEGAS, Dec. 7, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces nine new nonstop routes for spring vacation travel to premier destinations in Florida and the southwest. To celebrate, Al...

1 day ago - PRNewsWire

CDB Aviation Delivers A320 Aircraft to Allegiant

LAS VEGAS--(BUSINESS WIRE)-- #CDBAviation--CDB Aviation has delivered an Airbus A320-200 to a new customer in the Americas region, Las Vegas-based ultra-low-cost airline Allegiant.

2 days ago - Business Wire

Allegiant (ALGT) to Commence United States-Mexico Service

The partnership between Allegiant (ALGT) and Viva Aerobus', on materialization, is expected to widen travel options for passengers between Mexico and the United States.

5 days ago - Zacks Investment Research

Allegiant Steps Up Mexican Entry Via Alliance With Viva Aerobus, Makes $50M Equity Investment

Allegiant Travel Co (NASDAQ: ALGT) agreed to make an equity investment of $50 million in Viva Aerobus and form a fully-integrated Commercial Alliance Agreement. Allegiant Chairman and CEO Maurice J.

1 week ago - Benzinga

Allegiant, Viva Aerobus Announce First-Of-Its-Kind Commercial Alliance Agreement

LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and Viva Aerobus today announced plans for a fully-integrated Commercial Alliance Agreement, designed to dramatically expand options for ...

1 week ago - PRNewsWire

Goldman Sachs Is Bullish On Allegiant Travel - Read Why

Goldman Sachs analyst Catherine O'Brien upgraded Allegiant Travel Company (NASDAQ:ALGT) to Buy from Neutral and raised the price target to $250, from $245, representing 32.8% upside. The analyst expects...

3 weeks ago - Benzinga

Allegiant (ALGT) Reports Stellar October Traffic Figures

Allegiant's (ALGT) load factor expands 11.6 points year over year to 74.7% in October 2021.

3 weeks ago - Zacks Investment Research

Allegiant Clocks 29.2% Y/Y Growth In October Capacity

Allegiant Travel Co (NASDAQ: ALGT) October 2021 total system passengers increased 4.8% to 1,192,133, versus October 2019. Total system passengers improved 51.4% year-over-year, while Available seat mile...

4 weeks ago - Benzinga

Allegiant Reports October 2021 Traffic

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2021. Scheduled Service – Year Over Two-Year Comparison O...

4 weeks ago - PRNewsWire

Allegiant Collaborates With AWS To Take Its Customers To The Cloud

LAS VEGAS, Nov. 8, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced a five-year collaboration with Amazon Web Services (AWS), Inc., selecting AWS as its Preferred Cloud Provider. With its u...

1 month ago - PRNewsWire

Allegiant (ALGT) Q3 Earnings Miss Estimates, Increase Y/Y

Improvement in air-travel demand boosts Allegiant's (ALGT) third-quarter results.

1 month ago - Zacks Investment Research

Allegiant Travel (ALGT) Q3 Earnings Miss Estimates

Allegiant Travel (ALGT) delivered earnings and revenue surprises of -5.71% and 2.99%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Allegiant Travel: Q3 Earnings Insights

Allegiant Travel (NASDAQ:ALGT) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:01 PM. Here's what investors need to know about the announcement.

1 month ago - Benzinga

Allegiant Travel Company Third Quarter 2021 Financial Results

LAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2021, as well as comparisons to the prior years: Con...

1 month ago - PRNewsWire

Allegiant Announces Vote To Ratify Maintenace Technicians Contract With International Brotherhood Of Teamsters

LAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces that maintenance technician and related employees represented by the International Brotherhood of Teamsters (IBT) have v...

1 month ago - PRNewsWire

Allegiant Travel (ALGT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Allegiant (ALGT) Shares Fall In Spite of Rosy September Traffic

Allegiant's (ALGT) load factor expands 13.1 points year over year to 70.5% in September 2021.

1 month ago - Zacks Investment Research

Allegiant Board Of Directors Names Sandra Morgan As Newest Member

LAS VEGAS, Oct. 18, 2021 /PRNewswire/ -- The Board of Directors of Allegiant Travel Company (NASDAQ: ALGT) today announced Sandra Douglass Morgan as its newest member.  Morgan, an attorney and former re...

1 month ago - PRNewsWire

Allegiant Clocks 42.9% Y/Y Growth In September Capacity

Allegiant Travel Company (NASDAQ: ALGT) September 2021 total system passengers increased 3.7% to 829,029, versus September 2019. Total system passengers improved 71.5% Y/Y, while Available seat miles im...

1 month ago - Benzinga

Castlelake Provides Loan to Allegiant-backed Sunseeker Resort

MINNEAPOLIS, Oct. 14, 2021 /PRNewswire/ -- Castlelake, L.P.  ("Castlelake"), a global alternative investment manager with 16 years of experience investing in asset-rich opportunities, announced today it...

1 month ago - PRNewsWire

Allegiant Reports September 2021 Traffic

LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2021 as well as third quarter 2021. "We finished the q...

1 month ago - PRNewsWire

Allegiant Travel Company Schedules Third Quarter 2021 Earnings Call

LAS VEGAS, Oct. 13, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2021 financial results conference call for Wednesday, October 27 at 4:30 p.m. EDT. A live...

1 month ago - PRNewsWire

Read Why Goldman Sachs Is Bearish On Some Airline Stocks Short-Term

Goldman Sachs analyst Catherine O'Brien downgraded JetBlue Airways, American Airlines and lowered the Price Target for Allegiant Travel and Spirit Airlines. O'Brien remains positive on the path to profi...

Other symbols:AALJBLUSAVE
2 months ago - Benzinga

Allegiant Offers Special In-Flight Fundraiser During Breast Cancer Awareness Month; Proceeds will Benefit National Br...

LAS VEGAS, Sept. 29, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that, through October, it will donate a portion of proceeds from the sale of pink in-flight refreshments to the Nationa...

2 months ago - PRNewsWire

Best Airline Stocks to Buy Amid a Rocky Recovery

Airline stocks are widely viewed as major beneficiaries of a global reopening. But some carriers look better than others, especially in the face of Delta-variant turbulence.

2 months ago - Kiplinger