ALGT Stock Recent News

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Allegiant Travel (ALGT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Allegiant Travel Company (NASDAQ:ALGT ) Q4 2024 Earnings Conference Call February 4, 2025 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations Gregory Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Tom Fitzgerald - TD Cowen Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Conor Cunningham - Melius Research Atul Maheswari - UBS Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.

While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Allegiant Travel (ALGT) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $0.11 per share a year ago.

Fourth quarter 2024 GAAP diluted loss per share of $(12.00)  Fourth quarter  2024 adjusted airline-only diluted earnings per share of $3.00 (1)(3)(4) Fourth quarter  2024 adjusted diluted earnings per share of $2.10(1)(3)(4) Full-year 2024 GAAP diluted loss per share of $(13.49) Full-year 2024 adjusted airline-only diluted earnings per share of $5.84 (1)(3)(4) Full-year 2024 adjusted diluted earnings per share of $2.48 (1)(3)(4) *GAAP numbers include a one-time impairment charge in the estimated amount of $322M related to Sunseeker Resort* LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for fourth quarter and full-year 2024, as well as comparisons to the prior year: Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $                    627.7 $                    611.0

Here is how Allegiant Travel (ALGT) and Delta Air Lines (DAL) have performed compared to their sector so far this year.

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 18,208,82

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.