Allegiant Travel (ALGT) Stock

Allegiant Travel (ALGT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

LAS VEGAS , Jan. 29, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2024. Scheduled Service – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,544,874 1,356,025 13.9 % Revenue passenger miles (000) 1,441,734 1,255,868 14.8 % Available seat miles (000) 1,771,717 1,521,846 16.4 % Load factor 81.4 % 82.5 % (1.1pts) Departures 11,117 9,527 16.7 % Average stage length (miles) 912 903 1.0 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,927,423 4,067,855 (3.5 %) Revenue passenger miles (000) 3,609,892 3,691,343 (2.2 %) Available seat miles (000) 4,503,059 4,429,826 1.7 % Load factor 80.2 % 83.3 %  (3.1pts) Departures 28,617 28,244 1.3 % Average stage length (miles) 900 887 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,765,283 17,143,870 (2.2 %) Revenue passenger miles (000) 15,303,737 15,639,329 (2.1 %) Available seat miles (000) 18,314,867 18,208,820 0.6 % Load factor 83.6 % 85.9 %  (2.3pts) Departures 116,441 116,044 0.3 % Average stage length (miles) 893 888 0.6 %   Total System* – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,555,292 1,369,293 13.6 % Available seat miles (000) 1,811,321 1,566,296 15.6 % Departures 11,452 9,868 16.1 % Average stage length (miles) 905 897 0.9 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,999,879 4,145,771 (3.5 %) Available seat miles (000) 4,697,999 4,607,174 2.0 % Departures 30,219 29,733 1.6 % Average stage length (miles) 889 876 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,982,836 17,342,236 (2.1 %) Available seat miles (000) 18,984,711 18,772,110 1.1 % Departures 121,580 120,525 0.9 % Average stage length (miles) 887 882 0.6 % *Total system includes scheduled service and fixed fee contract.

Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allegiant (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.

With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.

Strong air-travel demand and fleet additions represent the major tailwinds of ALGT.

LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2024. "Booking trends following the election continue to outpace our initial expectations," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.

Small-cap stocks have enjoyed a stellar 2024, with the S&P 600 index soaring more than 14% year-to-date, driven by optimism surrounding President-elect Donald Trump's fiscal policies. This performance marked a significant milestone for the index, which recently closed at a record high of 1,544.