Allegiant Travel Company (ALGT)

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.