Allegiant Travel Company (ALGT)
Summary
Allegiant to Launch Two New Nonstop Flights to Florida Destinations
ALGT is set to add year-round nonstop Flint flights to Orlando and Fort Myers in February 2027, with introductory one-way fares starting at $69.
Allegiant Travel: Why The Sun Country Merger Makes It A Buy
Allegiant Travel Company is rated Buy with a $90 price target, leveraging the Sun Country acquisition for diversification and margin expansion. ALGT's unique low-utilization model, robust Amazon cargo contract, and $140M in expected cost savings underpin resilience against fuel and labor headwinds. Q2 saw industry-leading 9.2% operating margins, record revenue per seat, and strategic capacity cuts to protect profitability amid rising jet fuel and labor costs.
ALGT Targets $140M in Synergies as Sun Country Integration Begins
Allegiant targets at least $140M in annual synergies from Sun Country as integration expands scale while debt, fuel and capital needs raise execution pressure.
Allegiant Travel Company Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 36 | $3,559.7 | $2,408.4 | -$1,151.3 | -32.34% |
 Donald Smith & Co Donald Smith & Co Inc. | 1.49M | $81.74M | $104.02M | $22.28M | 27.25% |
| SKJ Susan K. Jong Amazon Com Inc | 149,317 | $17.56M | $10.09M | -$7.47M | -42.56% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 5,304 | $390,665.41 | $370,484.4 | -$20,181.01 | -5.17% |
| RW Riley Wancket HANTZ FINANCIAL SERVICES Inc. | 1,042 | $73,205.28 | $69,793.16 | -$3,412.12 | -4.66% |
Allegiant Travel Company Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AM Atul Maheswari UBS | 1,007.34 | $78,844.88 | $69,003.12 | -$9,841.76 | -12.48% |
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Allegiant Travel Company Profile
| Passenger Airlines Industry | Industrials Sector | Gregory Clark Anderson CEO | NASDAQ (NGS) Exchange | 01748X102 CUSIP |
| US Country | 8,484 Employees | 3 Jun 2024 Last Dividend | - Last Split | - IPO Date |
Overview
Allegiant Travel Company is a notable entity in the leisure travel industry, primarily focusing on servicing residents of under-served cities within the United States. Founded in 1997, with its headquarters nestled in Las Vegas, Nevada, Allegiant has carved out a niche by connecting under-served cities with popular leisure destinations through its scheduled air transportation offerings. As of February 1, 2024, the company proudly operates a fleet comprising 126 Airbus A320 series aircraft, signifying its commitment to providing reliable and comfortable air travel. Allegiant distinguishes itself by targeting limited-frequency, nonstop flights, thereby filling a significant gap in the market for residents in under-served areas seeking direct access to leisure destinations.
Products and Services
- Scheduled Air Transportation: Allegiant's core offering involves providing nonstop flights between under-served cities and key leisure destinations. This service is designed to cater to the specific needs of residents in areas with limited air service options, offering them a direct link to their vacation spots.
- Air-Related Services and Products: Along with its flight services, Allegiant offers a suite of air-related products including baggage fees, advance seat assignments, travel protection products, priority boarding, and a customer convenience fee. Additional offerings include food and beverage purchases onboard its flights. These services are aimed at enhancing the overall travel experience for passengers, providing them with convenience and added comfort during their journey.
- Third Party Travel Products: Beyond its air transportation services, Allegiant expands its travel offerings by facilitating access to third-party travel products. This includes booking hotel rooms and ground transportation, offering rental cars, and arranging hotel shuttle services. This comprehensive approach enables Allegiant to serve as a one-stop-shop for travelers looking to plan their leisure trips seamlessly.
- Fixed Fee Agreements and Charter Service: In addition to its standard flight services, Allegiant provides air transportation through fixed fee agreements and charter services. These options are available on a year-round and ad-hoc basis, offering flexible travel solutions for groups and special events, thereby catering to the varied needs of its customer base.
- Golf Course Operation: A unique aspect of Allegiant’s portfolio is its operation of a golf course. This venture diversifies the company's offerings beyond air travel and related services, providing a leisure activity that complements its existing travel and vacation packages.
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