Allegiant Travel Stock (NASDAQ:ALGT), Trade Ideas

Allegiant Travel

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

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ALGT

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Allegiant Travel Co

The tentative agreement was ratified by Allegiant flight attendants with a&nbsp;89 percent&nbsp;approval vote and&nbsp;97 percent&nbsp;of members voting. The TWU Local 577 represents more than 1,700 Allegiant flight attendants.
Flight attendants received an average pay increase of&nbsp;25 percent&nbsp;upon the contract&#39;s ratification. Flight attendants at the top of the wage scale receive a&nbsp;41.2 percent&nbsp;wage increase. In addition to the wage increases, the contract includes many other enhancements such as improved pay overrides. &nbsp;

Reported Earlier, Allegiant Flight Attendants Ratify New 5-Year Agreement With Wage Increase Between 20%-41.2%

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3>Kennametal Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.34%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on April 2, 2024. This analyst has an accuracy rate of 76%.</li>
<li>JP Morgan analyst Tami Zakaria maintained an Underweight rating and lowered the price target from $26 to $24 on Feb. 8, 2024. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: Kennametal named Sanjay Chowbey as President &amp; CEO effective June 1, 2024.</li>
</ul>
<h3>Allegiant Travel Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>)</h3>
<ul>
<li>Dividend Yield: 2.84%</li>
<li>Susquehanna analyst Christopher Stathoulopoulos maintained Allegiant Travel with a Neutral and lowered the price target from $76 to $65 on April 9, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Raymond James analyst Savanthi Syth maintained an Outperform rating and cut the price target from $110 to $100 on Feb. 6, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On March 29, Allegiant reported February 2024 traffic.</li>
</ul>
<h3>Trinity Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>Susquehanna analyst Bascome Majors maintained a Positive rating and slashed the price target from $32 to $30 on Feb. 23, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Stephens &amp; Co. analyst Justin Long maintained an Equal-Weight rating and cut the price target from $27 to $26 on Nov. 3, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: Trinity Industries said it will report its financial results for the three months ended March 31, 2024 before the opening bell on May 1, 2024.</li>
</ul>
&nbsp;
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Susquehanna analyst Christopher Stathoulopoulos maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Neutral and lowers the price target from $76 to $65.

Susquehanna Maintains Neutral on Allegiant Travel, Lowers Price Target to $65

Ratings for Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $73.5, a high estimate of $100.00, and a low estimate of $58.00. This current average represents a 13.53% decrease from the previous average price target of $85.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1712322038_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Allegiant Travel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Atul Maheswari</td>
<td>UBS</td>
<td>Announces</td>
<td>Sell</td>
<td>$58.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$76.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Allegiant Travel. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Allegiant Travel compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Allegiant Travel's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Allegiant Travel's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegiant Travel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Allegiant Travel's Background</h2>
Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.
<h3>A Deep Dive into Allegiant Travel's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Allegiant Travel's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -0.09%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Allegiant Travel's net margin excels beyond industry benchmarks, reaching -0.29%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Allegiant Travel's ROE stands out, surpassing industry averages. With an impressive ROE of -0.13%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Allegiant Travel's ROA excels beyond industry benchmarks, reaching -0.04%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.78.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 4 Analyst Recommendations For Allegiant Travel

Barclays analyst Brandon Oglenski maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Equal-Weight and lowers the price target from $65 to $60.

Barclays Maintains Equal-Weight on Allegiant Travel, Lowers Price Target to $60

Allegiant ((<a href="https://c212.net/c/link/?t=0&amp;,%20l=en&amp;,%20o=4122236-1&amp;,%20h=535007274&amp;,%20u=http%3A%2F%2Fir.allegiantair.com%2F&amp;,%20NASDAQ:%3Ca%20class=">ALGT</a>) and The Transport Workers Union of America, AFL-CIO Local 577 announce they have reached a tentative agreement on all remaining open issues for the successor to the parties' first collective bargaining agreement.
The parties' first collective bargaining agreement became amendable on December 21, 2022, and Allegiant and the TWU were able to secure the new five-year tentative agreement in just over a year and a half of bargaining by building on their strong positive working relationship.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new Tentative Agreement covering Allegiant's 1,700+ flight attendants includes significant increases to wages, a modified duty rig to provide additional compensation for extended operational delays and designated Holiday pay. Improvements also include enhancements to retirement benefits, deadhead pay, bonus flight hour calculations, and vacation allocation and pay. Allegiant flight attendants will enjoy meaningful quality of life improvements in scheduling, hours of service and leave of absence. Additionally, the parties have agreed to introduce a minimum trip pairing pay.&nbsp;&nbsp;
"We are encouraged the negotiating teams for both Allegiant and the TWU have come to a tentative agreement," said Allegiant President Gregory C. Anderson. "Our cabin crew take care of our customers as our ambassadors in the sky. This contract is structured to meaningfully improve their experience and better recognize their vital role as part of Team Allegiant. We look forward to the next step in the process."&nbsp;
The deal still requires a ratification vote by the union's full membership, which is expected to be complete next month.

Contracts

Management

Allegiant Announces Tentative Agreement For Flight Attendants With The Transport Workers Union Of America, AFL-CIO

UBS analyst Atul Maheswari initiates coverage on Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Sell rating and announces Price Target of $58.

Initiation

UBS Initiates Coverage On Allegiant Travel with Sell Rating, Announces Price Target of $58

Allegiant Travel Launches New Spring Inflight Menu Options Includes Familiar Favorites And Brand-new Offerings, Ensuring A Delightful Journey For Travelers

- Allegiant President Tells Reuters

Allegiant President Says Company Expects About 12 Aircraft Deliveries From Boeing In 2024 Versus Previous Estimate Of 24; Co Has Reactivated A Few Used Airbus A320 Jets To Mitigate Effect Of Boeing Delivery Delays; Delivery Of First Max Jet Expected In Coming Months; Delivery Delays Should Not Have A 'Meaningful' Impact On Capacity Plans

<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="4" rowspan="1">
Scheduled Service &ndash; Year Over Year Comparison
</td>
</tr>
<tr>
<td colspan="4" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
January 2024
</td>
<td colspan="1" rowspan="1">
January 2023
</td>
<td colspan="1" rowspan="1">
&nbsp; &nbsp; &nbsp;Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Passengers
</td>
<td colspan="1" rowspan="1">
1,176,117
</td>
<td colspan="1" rowspan="1">
1,203,241
</td>
<td colspan="1" rowspan="1">
(2.3&nbsp;%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Revenue passenger miles (000) &nbsp; &nbsp;&nbsp;
</td>
<td colspan="1" rowspan="1">
1,119,728
</td>
<td colspan="1" rowspan="1">
1,146,506
</td>
<td colspan="1" rowspan="1">
(2.3&nbsp;%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Available seat miles (000)
</td>
<td colspan="1" rowspan="1">
1,387,038
</td>
<td colspan="1" rowspan="1">
1,378,569
</td>
<td colspan="1" rowspan="1">
0.6&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Load factor
</td>
<td colspan="1" rowspan="1">
80.7&nbsp;%
</td>
<td colspan="1" rowspan="1">
83.2&nbsp;%
</td>
<td colspan="1" rowspan="1">
(2.5) pts
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Departures
</td>
<td colspan="1" rowspan="1">
8,546
</td>
<td colspan="1" rowspan="1">
8,617
</td>
<td colspan="1" rowspan="1">
(0.8&nbsp;%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Average stage length (miles)
</td>
<td colspan="1" rowspan="1">
914
</td>
<td colspan="1" rowspan="1">
907
</td>
<td colspan="1" rowspan="1">
0.8&nbsp;%
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="4" rowspan="1">
Total System&#x2A; - Year Over Year Comparison
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
January 2024
</td>
<td colspan="1" rowspan="1">
January 2023
</td>
<td colspan="1" rowspan="1">
Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Passengers
</td>
<td colspan="1" rowspan="1">
1,182,748
</td>
<td colspan="1" rowspan="1">
1,207,121
</td>
<td colspan="1" rowspan="1">
(2.0&nbsp;%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Available seat miles (000) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
</td>
<td colspan="1" rowspan="1">
1,423,553
</td>
<td colspan="1" rowspan="1">
1,401,970
</td>
<td colspan="1" rowspan="1">
1.5&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Departures
</td>
<td colspan="1" rowspan="1">
8,794
</td>
<td colspan="1" rowspan="1">
8,813
</td>
<td colspan="1" rowspan="1">
(0.2&nbsp;%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Average stage length (miles)
</td>
<td colspan="1" rowspan="1">
912
</td>
<td colspan="1" rowspan="1">
902
</td>
<td colspan="1" rowspan="1">
1.1&nbsp;%
</td>
</tr>
</tbody>
</table>

Allegiant Reports January 2024 Traffic: Scheduled Service Passenger Traffic Declined 2.3% YoY And Total System Declined 2% YoY

Today, Allegiant Travel Company ((<a href="https://c212.net/c/link/?t=0&amp;,%20l=en&amp;,%20o=4095220-1&amp;,%20h=2040695721&amp;,%20u=http%3A%2F%2Fir.allegiantair.com%2F&amp;,%20NASDAQ:%3Ca%20class=">ALGT</a>) announced the launch of its Allegiant Incentive program in collaboration with Berry Aviation, a private aviation company offering various services, including government, scheduled and on-demand cargo, MRO/CRO and FBO operations.
This collaboration offers Allegiant access to a pool of experienced pilots trained by Berry and enhances the diversity and depth of talent available while providing immediate benefit for both companies.
"We see tremendous value in our pilot pathway programs and are excited to expand with Berry Aviation," said company President Gregory C. Anderson. "Our out-and-back business model provides flight crews with a unique balance between work and home life, making Allegiant a desirable airline for pilots at all levels of experience. We believe this partnership fits beautifully in supporting the future growth of our pilot ranks."
Berry, a Part 135 carrier, is an attractive employer for early-stage pilots who must meet a minimum threshold of 1,500 flight hours to pursue a career in commercial aviation. The partnership will help Allegiant enhance its pilot recruitment pipeline by creating a reliable pathway for experienced pilots to integrate seamlessly into the company's workforce.
Berry pilots enrolled in the Allegiant Incentive program must be qualified as a Pilot in Command (PIC) for at least 18 months and meet certain criteria to have direct entry into Allegiant New Hire Training. Requirements include completing periodic check rides and working towards ATP-CTP certification.
"Allegiant is a very unique 121 that offers pilots a very unique career," said Stanley Finch, Berry Aviation's president. "We're excited about partnering with Allegiant to offer our pilots a roadmap to Allegiant's flight decks."
Allegiant will provide programming and resources to support pilot development including training, mentorship opportunities and participation in Allegiant events.

Allegiant Partners With Berry Aviation To Enhance The Airline's Pilot Recruitment Pipeline

The new routes to&nbsp;Los Angeles&nbsp;International Airport (LAX)&nbsp;in California&nbsp;include:
<ul>
<li>Laredo, Texas&nbsp;via&nbsp;Laredo&nbsp;International Airport (LRD)&nbsp;&ndash;&nbsp;beginning&nbsp;June 12, 2024&nbsp;with one-way fares as low as&nbsp;$69.&#x2A;</li>
<li>Rockford, Illinois&nbsp;via Chicago Rockford International Airport (RFD)&nbsp;&ndash;&nbsp;beginning&nbsp;June 12, 2024&nbsp;with one-way fares as low as&nbsp;$79.&#x2A;</li>
<li>Rapid City, South Dakota&nbsp;via Rapid City Regional Airport (RAP)&nbsp;&ndash;&nbsp;beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$69.&#x2A;</li>
</ul>
The new route to&nbsp;Sarasota&nbsp;Bradenton&nbsp;International Airport (SRQ)&nbsp;in Florida&nbsp;includes:
<ul>
<li>Plattsburgh, New York&nbsp;via&nbsp;Plattsburgh&nbsp;International Airport (PBG)&nbsp;&ndash;&nbsp;beginning&nbsp;June 12, 2024&nbsp;with one-way fares as low as&nbsp;$79.&#x2A;</li>
</ul>
The new routes to&nbsp;St. Pete-Clearwater International Airport (PIE)&nbsp;in Florida&nbsp;include:
<ul>
<li>Evansville, Indiana&nbsp;via Evansville Regional Airport (EVV)&nbsp;&ndash;&nbsp;beginning&nbsp;June 13, 2024&nbsp;with one-way fares as low as&nbsp;$49.&#x2A;</li>
<li>McAllen, Texas&nbsp;via&nbsp;McAllen&nbsp;International Airport (MFE)&nbsp;&ndash;&nbsp;beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$59.&#x2A;</li>
</ul>
The new routes to&nbsp;McGhee Tyson Airport (TYS)&nbsp;in Tennessee&nbsp;include:
<ul>
<li>St. Louis, Missouri&nbsp;via&nbsp;MidAmerica St. Louis Airport (BLV)&nbsp;&ndash;&nbsp;beginning&nbsp;June 13, 2024&nbsp;with one-way fares as low as&nbsp;$45.&#x2A;</li>
<li>Jacksonville, Florida&nbsp;via&nbsp;Jacksonville&nbsp;International Airport (JAX)&nbsp;&ndash; beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$45.&#x2A;</li>
<li>South Bend, Indiana&nbsp;via&nbsp;South Bend&nbsp;International Airport (SBN)&nbsp;&ndash;&nbsp;beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$45.&#x2A;</li>
</ul>
The new routes to&nbsp;Jacksonville&nbsp;International Airport (JAX)&nbsp;in Florida&nbsp;include:
<ul>
<li>Harrisburg, Pennsylvania&nbsp;via&nbsp;Harrisburg&nbsp;International Airport (MDT)&nbsp;&ndash;&nbsp;beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$49.&#x2A;</li>
<li>Knoxville, Tennessee&nbsp;via McGhee Tyson Airport (TYS)&nbsp;&ndash;&nbsp;beginning&nbsp;June 14, 2024&nbsp;with one-way fares as low as&nbsp;$45.&#x2A;</li>
</ul>
&#x2A;About the introductory one-way fares:
Seats and dates are limited and fares are not available on all flights. Flights must be purchased by&nbsp;Feb. 13, 2024&nbsp;for travel by&nbsp;Nov. 11, 2024. Price displayed includes taxes, carrier charges &amp; government fees. Fare rules, routes and schedules are subject to change without notice. Optional baggage charges and additional restrictions may apply. For more details, optional services and baggage fees, please visit&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4089315-1&amp;h=2349788126&amp;u=http%3A%2F%2Fallegiant.com%2F&amp;a=Allegiant.com" target="_blank">Allegiant.com</a>.

Allegiant Travel Company Introduces 10 New Nonstop Routes To 14 Cities Around The Country

Susquehanna analyst Christopher Stathoulopoulos maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Neutral and lowers the price target from $80 to $76.

Susquehanna Maintains Neutral on Allegiant Travel, Lowers Price Target to $76

Tuesday marks the last chance for investors to receive the next dividend payout from Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 60 cents per share. On Wednesday, Allegiant Travel will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 60 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own ALGT as of the end of Tuesday's session are eligible to receive the 60 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Allegiant Travel <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Tuesday Is Your Last Chance To Buy Allegiant Travel Before The Dividend Payout

Raymond James analyst Savanthi Syth maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Outperform and lowers the price target from $110 to $100.

Raymond James Maintains Outperform on Allegiant Travel, Lowers Price Target to $100

Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) reported its Q4 earnings results on Monday, February 5, 2024 at 02:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Allegiant Travel beat estimated earnings by 152.38%, reporting an EPS of $0.11 versus an estimate of $-0.21.
Revenue was down $547 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 0.62% increase in the share price the next day.
Here's a look at Allegiant Travel's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>3.63</td>
<td>2.30</td>
<td>0.69</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.09</td>
<td>4.35</td>
<td>3.04</td>
<td>3.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>580.05M</td>
<td>658.59M</td>
<td>628.81M</td>
<td>578.05M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>565.36M</td>
<td>683.81M</td>
<td>649.69M</td>
<td>611.55M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Allegiant Travel <a href="https://www.benzinga.com/quote/ALGT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Allegiant Travel: Q4 Earnings Insights

Guidance

Allegiant Travel Company Sees Q1 2024 EPS $0.50-$1.50 Vs $2.03 Est.

Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.21) by 152.38 percent. The company reported quarterly sales of $611.00 million which beat the analyst consensus estimate of $594.71 million by 2.74 percent. This is a 0.09 percent decrease over sales of $611.55 million the same period last year.

Earnings Beats

Allegiant Travel Q4 2023 Adj EPS $0.11 Beats $(0.21) Estimate, Sales $611.00M Beat $594.71M Estimate

Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement.
Analysts estimate that Allegiant Travel will report an earnings per share (EPS) of $-0.27. 
Allegiant Travel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 0.62% increase in the share price the next day.
Here's a look at Allegiant Travel's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>3.63</td>
<td>2.30</td>
<td>0.69</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.09</td>
<td>4.35</td>
<td>3.04</td>
<td>3.17</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.62%</td>
<td>-8.43%</td>
<td>-5.83%</td>
<td>21.16%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706886094_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Allegiant Travel were trading at $79.92 as of February 01. Over the last 52-week period, shares are down 18.36%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/ALGT/earnings">To track all earnings releases for Allegiant Travel visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Allegiant Travel's Earnings Outlook

In a year marked by the aviation industry&#39;s remarkable rebound, U.S. airlines have made significant strides toward operational efficiency, achieving notably higher rates of on-time flights <a href="https://www.benzinga.com/topic/airlines">and reducing cancellations.</a>
This improvement comes as a welcome change for travelers, who have faced considerable disruptions in previous years. However, the journey wasn&#39;t without its turbulence.
Issues with baggage handling and tarmac delays continued to pose challenges, alongside persistently high levels of passenger complaints.
Delta Air Lines Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>)&nbsp;emerged as the top performer in The Wall Street Journal&#39;s annual <a href="https://www.wsj.com/lifestyle/travel/best-airlines-us-2023-36e9ea20">review</a> of airline operations, marking its third consecutive victory and securing its place at the forefront for six of the past seven years. The carrier&#39;s consistent performance underscores its operational resilience and commitment to customer service.
Alaska Air Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>)&nbsp;and Allegiant Travel Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>) also received high marks, taking the second and third spots, respectively, in the rankings.
Despite improvements across the board, JetBlue Airways Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>)&nbsp;found itself at the bottom of the list for the third year in a row, primarily due to the congested airspace over its New York City hub, according to WSJ.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/earnings/24/01/36784675/southwest-reports-mixed-q4-results-2024-outlook-remains-optimistic">Southwest Reports Mixed Q4 Results, 2024 Outlook Remains Optimistic</a>
The rankings, which evaluate nine major U.S. airlines across seven key operational metrics, reveal a complex picture of the industry&#39;s efforts to enhance reliability and customer satisfaction.
While the overall trend points toward improved performance, with the industry&#39;s best on-time arrival rate since 2019, the data also highlights areas where airlines continue to struggle. Delta&#39;s achievement in leading the pack is attributed to its reliable on-time performance and low complaint rates, a testament to the airline&#39;s effective management and customer-centric approach.
Notably, the industry&#39;s progress in reducing flight cancellations and delays has been uneven. The Journal reports that some carriers, like American Airlines Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) and United Airlines Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>), have made significant gains, while others lag behind, underscoring the varied challenges airlines face in optimizing their operations.&nbsp;
Now Read:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36120360/bull-market-takes-flight-for-airline-stocks-as-rosier-2024-outlook-clears-wall-stre">Bull Market Takes Flight For Airline Stocks As Rosier 2024 Outlook Clears Wall Street&#39;s Last Hurdles</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Delta Dominates WSJ's Airline Rankings For Third Year, While JetBlue Struggles With Efficiency

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Bloom Energy (BE – Research Report), Generac...

Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Generac Holdings (GNRC) and Allegiant Travel Company (ALGT)

Allegiant Travel (ALGT) has disclosed a new risk, in the Employment / Personnel category. Allegiant Travel faces a significant business risk due to...

A New Cause for Concern: Allegiant Travel Adds a New Employment / Personnel Risk

Warning: ALGT is at high risk of performing badly

The Boeing Crisis Benefits Airbus Big Time

United Airlines CEO addresses safety in email to customers

Alaska Air and Southwest stand out in UBS' positive view on the U.S. airline sector

Allegiant Travel reports preliminary passenger traffic results for February

Air fares fall during March in the U.S. as the normalization trend continues

Airfares fall during March in the U.S. as the normalization trend continues

AFLYY

AFRAF

EADSF

EADSY

GNRC

JETS

MESA

SAVE

SKYW

SNCY

ULCC

Press Releases

ALLEGIANT TRAVEL ANNOUNCES TIME CHANGE FOR FOURTH QUARTER AND FULL-YEAR 2023 EARNINGS CALL

ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS

Allegiant Announces Ten New Routes with One-Way Fares as Low as $45*

Allegiant Partners with Berry Aviation to Enhance the Airline's Pilot Recruitment Pipeline

ALLEGIANT SECURES SPOT ON THE WALL STREET JOURNAL'S 2023 LIST OF TOP AIRLINES

ALLEGIANT REPORTS JANUARY 2024 TRAFFIC

Allegiant Air Elevates Inflight Experience with Spring Menu Updates

ALLEGIANT ANNOUNCES TENTATIVE AGREEMENT FOR FLIGHT ATTENDANTS WITH THE TRANSPORT WORKERS UNION OF AMERICA, AFL-CIO

ALLEGIANT REPORTS FEBRUARY 2024 TRAFFIC

Allegiant Flight Attendants Vote to Approve New Labor Contract

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American Airlines Gr

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Azul

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Joby Aviation

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Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates