Allegiant Travel (ALGT) Stock

The Airline Offers New Low-Cost Travel Options to Popular Destinations in 51 Cities LAS VEGAS , Nov. 19, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced 44 new nonstop routes, including eleven routes to three new cities: Gulf Shores, Alabama, Colorado Springs, Colorado and Columbia, South Carolina. To celebrate this significant expansion, the company is offering one-way fares on the new routes as low as $39.

LAS VEGAS , Nov. 15, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2024. "As observed below and consistent with commentary from our third quarter earnings call, hurricanes Helene and Milton had an outsized impact on our business," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.

Allegiant Travel's third-quarter revenues decline 0.6% year over year as passenger revenues fall.

Allegiant Travel Company (NASDAQ:ALGT ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Sherry Wilson - Managing Director-Investor Relations Greg Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Thomas Fitzgerald - TD Cowen Katherine Kallergis - Morgan Stanley Brandon Oglenski - Barclays Andrew Didora - Bank of America Michael Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Mandeep, and I'll be your operator today.

While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Allegiant Travel (ALGT) came out with a quarterly loss of $2.02 per share versus the Zacks Consensus Estimate of a loss of $1.85. This compares to earnings of $0.09 per share a year ago.

Allegiant's third-quarter top line is expected to have been significantly hurt by dismal segmental performance.

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.

Allegiant Travel (ALGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.