Riding on an upbeat air travel demand scenario, SKYW, DAL, and ALGT are likely to attract significant traffic over the Independence Day holiday period.
Allegiant Travel (ALGT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
ALGT's May traffic rises 10.2%, but capacity outpaces demand, pushing the load factor down to 80.3% from 84.8% last year.
With ALGT shares moving south, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
With inflation easing and consumer confidence rebounding, brokers favor stocks like BTSG, ALGT, CVI, ALTG and CBRL.
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
ALGT's April traffic jumps 17.4% year over year, but the load factor slips as capacity growth outpaces demand.
Escalated operating expenses do not bode well for ALGT. A weakening liquidity position also hurts the company's prospects.
The latest move is expected to boost ALGT's competitive position in the airline industry.
Passenger revenues at ALGT improve 6.3% year over year in the first quarter of 2025 and earnings per share surpass estimates.
ALGT, DELL and HPQ have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2025.
Allegiant Travel Company (NASDAQ:ALGT ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations Greg Anderson - President & Chief Executive Officer Tyler Hollingsworth - Chief Operating Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Duane Pfennigwerth - Evercore ISI Mike Linenberg - Deutsche Bank Catherine O'Brien - Goldman Sachs Scott Group - Wolfe Research Conor Cunningham - Melius Research Andrew Didora - Bank of America Tom Fitzgerald - TD Cowen Christopher Stathoulopoulos - Susquehanna International Group Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Kayla and I will be your conference operator today.