Latest news with #ALGT
Yahoo
7 days ago
- Business
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Allegiant Announces New Nonstop Routes to Eight Cities, Welcoming Huntsville, Alabama to Its Growing Network
LAS VEGAS, Aug. 12, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced five new nonstop routes connecting eight cities nationwide, including new service to Huntsville, Alabama via Huntsville International Airport (HSV). To celebrate, the company is offering one-way fares on the new routes as low as $39.* The new routes, launching later this year and in early 2026, will provide convenient, nonstop service between these cities and expand Allegiant's growing presence in popular leisure destinations. As more travelers seek value-driven travel options, Allegiant remains dedicated to making dream vacations possible with budget-friendly fares and excellent customer service. "Coming off the heels of an announcement two weeks ago, we are excited to continue our growth trajectory," said Drew Wells, Allegiant's chief commercial officer. "As a leisure focused airline our unique business model allows us to quickly respond to consumer demand and connect underserved markets to top vacation destinations. This expansion bolsters our service in existing markets and we look forward to introducing our brand of service to a new market." The new routes between Huntsville, Alabama via Huntsville International Airport (HSV) and the following cities include: Fort Lauderdale, Florida via Fort Lauderdale-Hollywood International Airport (FLL) beginning November 19, 2025 with one-way fares as low as $39.* St. Petersburg, Florida via St. Pete–Clearwater International Airport (PIE) beginning March 5, 2026 with one-way fares as low as $39.* Sanford, Florida via Orlando Sanford International Airport (SFB) beginning February 12, 2026 with one-way fares as low as $39.* The new route between Orlando, Florida via Orlando International Airport (MCO) and Appleton, Wisconsin via Appleton International Airport (ATW) begins January 16, 2026 with one-way fares as low as $69.* The new route between Sarasota/Bradenton, Florida via Sarasota Bradenton International Airport (SRQ) and Rochester, New York via Frederick Douglass Greater Rochester International Airport (ROC) begins February 13, 2026 with one-way fares as low as $59.* In addition to unveiling new routes, Allegiant has extended its flight schedule through May 2026, offering travelers the ability to plan vacations and book travel accommodations in advance. A hallmark of Allegiant's leisure-focused business model is its network of all-nonstop flights, making air travel more seamless and accessible. Passengers spend less time at the airport and more time enjoying their vacation. Tickets for all newly announced routes are now available. Flight days, times and the lowest fares can be found at *About the introductory one-way fares:Seats and dates are limited and fares are not available on all flights. Flights must be purchased by Aug. 13, 2025 for travel by May 19, 2026. Prices displayed includes taxes, carrier charges & 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 Allegiant – Together We Fly™Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Media information, including photos, is available at Media Contact Phone: 702-800-2020Email: mediarelations@ View original content to download multimedia: SOURCE Allegiant Travel Company
Yahoo
13-06-2025
- Business
- Yahoo
5 Broker-Favored Stocks to Watch Amid Cooling Inflation
Inflation is showing signs of cooling, while consumer spending is increasing. U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents. This was the fourth consecutive month when the core inflation rise was less than expected. Consumer confidence rebounded in May, indicating that people now have more faith in the economy's prospects. Trade negotiations with several countries are ongoing. In this brightening scenario, monitoring broker-favorite stocks like BrightSpring Health Services BTSG, Allegiant Travel ALGT, CVR Energy CVI, Alta Equipment Group ALTG and Cracker Barrel Old Country Store CBRL appears prudent. We have designed a screen to shortlist stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of broker information, it has been included. The price/sales ratio takes care of the company's top line, making the strategy a well-rounded one. # (Up- Down Rating)/ Total (4 weeks) =Top #75 (This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks). % change in Q (1) est. (4 weeks) = Top #10 (This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter). Price-to-Sales = Bot%10 (The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio). Price greater than 5 (as a stock trading below $5 will not likely create significant interest for most of the investors). Average Daily Volume greater than 100,000 shares over the last 20 trading days (Volume has to be significant to ensure that these are easily traded). Market value ($ mil) = Top #3000 (This gives us stocks that are the top 3000 in terms of market capitalization). Com/ADR/Canadian= Com (This eliminates the ADR and Canadian stocks). Here are five of the 10 stocks that made it through the screen: BrightSpring: The company provides complementary and integrated home- and community-based pharmacy and health solutions for complex populations in need of specialized and/or chronic care. Through BTSG's service lines, including pharmacy, home health care and primary care, rehabilitation, and behavioral health, the company provides comprehensive care and clinical solutions in all 50 states to over 400,000 customers, clients, and patients daily. BrightSpring's 2025 earnings growth rate is pegged at 96.4%. The Zacks Consensus Estimate for BTSG's 2025 sales indicates a rise of 9.1% from 2024's actuals. The stock carries a Zacks Rank #2 (Buy) currently. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here Allegiant Travel is gaining from a buoyant air travel demand scenario. Efforts to upgrade its fleet are praiseworthy as well. ALGT aims to end 2025 with a fleet size of 122. ALGT's earnings surpassed estimates in three of the last four quarters (missing the mark once). The average beat was 32.7%. Allegiant currently carries a Zacks Rank #3 (Hold). Established in 2006, CVR Energy is a holding company primarily involved in renewable energy, petroleum refining, marketing and nitrogen fertilizer manufacturing through its stake in CVR Partners. It is committed to developing renewable biofuels and actively participating in the energy transition to reduce carbon emissions. CVI beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, missing the mark in the other. The company currently carries a Zacks Rank of 3. Alta Equipment Group is a leading provider of premium material handling, construction and environmental processing equipment and related services. ALTG, currently carrying a Zacks Rank #3, offers its customers a one-stop shop for their equipment needs through its broad, industry-leading product portfolio. ALTG has an expected earnings growth rate of 27.6% for the current year. The Zacks Consensus Estimate for June quarter earnings has been revised 10% upward over the past 60 days. Alta currently carries a Zacks Rank of 3. Cracker Barrel is prioritizing menu innovation and pricing to drive growth. The company is introducing the latest offerings, including shareable starters and specialty beverages, while optimizing pricing to enhance value. These initiatives aim to attract customers and support profitability. CBRL has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters, missing the mark on the other occasion, the average beat being 68.5%. CBRL shares have gained 7.4% over the past six months. CBRL currently carries a Zacks Rank #3. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report CVR Energy Inc. (CVI) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report Alta Equipment Group Inc. (ALTG) : Free Stock Analysis Report BrightSpring Health Services, Inc. (BTSG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
02-06-2025
- Business
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Allegiant's April 2025 Traffic Numbers Improve Year Over Year
Allegiant Travel Company ALGT recently reported encouraging traffic numbers for April 2025. Scheduled traffic (measured in revenue passenger miles) rose 17.4% from the April 2024 levels. Capacity (measured in available seat miles) for scheduled service rose 20.5% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor (percentage of seats filled by passengers) in April 2025 declined to 80.3% from 82.4% a year ago. Total departures (scheduled services) rose 18.4% in April 2025 from a year ago. Moreover, the company's average stage length (miles) grew 2.5% year over year. For the total system (including scheduled service and fixed-fee contracts), Allegiant carried 14.9% more passengers in April 2025 than the year-ago levels. System-wide capacity improved 20.8% in April 2025 on a year-over-year basis. The fuel price per gallon in April 2025 is estimated to have been $2.51. Apart from ALGT, other airline companies like Ryanair Holdings RYAAY, Controladora Vuela Compañía de Aviación VLRS and LATAM Airlines Group LTM have also reported April traffic numbers. Ryanair reported solid traffic numbers for April 2025, driven by upbeat air travel demand. The number of passengers transported on Ryanair flights was 18.3 million in April 2025, reflecting a 6% year-over-year increase. The April load factor (percentage of seats filled by passengers) of 93% was higher than the year-ago reading of 92%, reflecting consistent passenger demand for the airline's services. Mexican carrier VLRS, or Volaris, recently reported a year-over-year increase in revenue passenger miles (RPMs: a measure of air traffic) for April. Volaris reported a 16.9% year-over-year increase in consolidated capacity (measured in available seat miles). The load factor (% of seats filled by passengers) decreased 3.1 percentage points to 81.6% on a consolidated basis. The metric fell as the increase in consolidated traffic (12.7%) was less than the increase in consolidated capacity. During the month, Volaris transported 2.6 million passengers, up 14.8% year over year. LTM reported a year-over-year increase in revenue passenger-kilometers (RPK: a measure of air traffic) for April 2025. LATAM Airlines reported a 6.9% year-over-year increase in consolidated capacity, measured in available seat-kilometers. LTM's consolidated traffic, measured in RPK, increased 9.9% year over year. As traffic outpaced capacity expansion, the consolidated load factor — the percentage of seats filled by passengers — rose 2.3 percentage points from April 2024 to 83.4% in April 2025, maintaining healthy load factors across all business segments. ALGT currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report LATAM Airlines Group S.A. (LTM) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-05-2025
- Business
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Allegiant to Launch New Flights for Boosting Connectivity
In a bid to broaden its network, Allegiant Travel Company (ALGT) is introducing five new nonstop routes to eight cities around the country. The routes are coming withnew low-cost travel options with one-way fares as low as $39. Tickets for all newly announced routes, including these limited flights, are now available. Flight days, times and the lowest fares can be found at Drew Wells, Allegiant's chief commercial officer, stated, "This expansion caters to passengers and communities we feel have been overlooked by other carriers. Allegiant's unique business model, connecting small-to-medium sized cities to vacation destinations, creates accessible travel options not otherwise available in what we believe are underserved markets. We know travelers enjoy the convenience of nonstop flights departing from their neighborhood airport." Let's discuss the routes in detail. The new route to Fort Lauderdale-Hollywood International Airport (FLL) in Florida includes: South Bend, IN, via South Bend International Airport (SBN), starting Aug. 29, 2025, with one-way fares as low as $59. The new routes to McGhee Tyson Airport (TYS) in Tennessee include: Memphis, TN, via Memphis International Airport (MEM), starting Sept. 4, 2025 with one-way fares as low as $39 and Key West, FL via Key West International Airport (EYW), starting Oct. 3, 2025, with one-way fares as low as $49. The new routes to Gulf Shores International Airport (GUF) in Alabama includes Appleton, WI via Appleton International Airport (ATW), starting Oct. 2, 2025 with one-way fares as low as $59 and Des Moines, IA via Des Moines International Airport (DSM), starting Oct. 3, 2025 with one-way fares as low as $59. Apart from the newly added routes, ALGT seems to be geared up to attract football lovers with its limited-time offering of a series of flights to Las Vegas for the National Football League (NFL) season. These flights are available on a first-come, first-served basis. Wells added, "Football fans are the heartbeat of the game, and we want to make sure they can feel every pulse-pounding moment live. These specialty flights have been extremely popular during past NFL seasons, and we expect them to sell out in advance of the game." The inclusion of these new routes is expected to strengthen this Zacks Rank #5 (Strong Sell) stock position in the airline industry globally. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Investors interested in the Transportation sector may also consider Copa Holdings CPA and Ryanair RYAAY. CPA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. CPA has an expected earnings growth rate of 13.1% for the current year. The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 5.5%. Shares of CPA have risen 16.5% year to date. RYAAY currently sports a Zacks Rank #1. The company has a mixed earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average beat of 44.5%. Shares of RYAAY have rallied 15.6% year to date. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
19-05-2025
- Business
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The Zacks Analyst Blog Highlights Allegiant Travel, Copa, Delta Air Lines, Ryanair Holdings and Controladora Vuela
Chicago, IL – May 13, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Allegiant Travel Co. ALGT, Copa Holdings CPA, Delta Air Lines DAL, Ryanair Holdings RYAAY and Controladora Vuela Compañía de Aviación VLRS. In the past week, Allegiant Travel Co. and Copa Holdings reported better-than-expected earnings as well as revenues for first-quarter 2025 despite the tariff-induced uncertainty. Delta Air Lines was also in the news following its decision to fly nonstop to Copenhagen and Stockholm. Ryanair Holdings reported impressive traffic numbers for April, driven by upbeat air-travel demand. Mexican carrier Controladora Vuela Compañía de Aviación, aka Volaris, reported a year-over-year increase in revenue passenger miles (RPMs: a measure of air traffic) for April. Read the last Airline Roundup here. 1. Copa Holdings' first-quarter 2025 earnings per share of $4.28 surpassed the Zacks Consensus Estimate of $3.77 and improved 2.2% year over year. Revenues of $899.2 million beat the Zacks Consensus Estimate of $889.5 million and inched up 0.6% year over year due to an 8.7% increase in onboard passengers. Passenger revenues (which contributed 95.6% to the top line) remained flat year over year at $859 million. Despite the increase in onboard passengers, a 9.1% decrease in yield hurt passenger revenues. CPA's management expects consolidated capacity to grow 7-8% year over year. 2. Allegiant Travel reported first-quarter 2025 earnings per share (excluding 8 cents from non-recurring items) of $1.81, which surpassed the Zacks Consensus Estimate of $1.54. The company reported earnings of 57 cents per share in the year-ago quarter. Operating revenues of $699.1 million surpassed the Zacks Consensus Estimate of $690.3 million and improved 6.5% on a year-over-year basis. For the second quarter of 2025, ASM (for scheduled service) is expected to increase 15.5% on a year-over-year basis. ALGT currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 3. Ryanair reported solid traffic numbers for April 2025, driven by upbeat air travel demand. The number of passengers transported on Ryanair flights was 18.3 million in April 2025, reflecting a 6% year-over-year increase. The April load factor (percentage of seats filled by passengers) of 93% was higher than the year-ago reading of 92%, reflecting consistent passenger demand for the airline's services. 4. This summer, Delta plans to fly nonstop to Copenhagen and Stockholm, as well as to more than 35 destinations across Scandinavia, through its partnership with Scandinavian Airlines System ("SAS"), the flag carrier of Denmark, Norway and Sweden. We remind investors that DAL and SAS inked a codeshare agreement last year to improve connectivity between North America and Scandinavia. Under the expansion-oriented move, DAL will operate non-stop flights (thrice a week) on the Minneapolis–St. Paul to Copenhagen route from May 22. Additionally, a direct summer service from New York–JFK to Copenhagen and JFK to Stockholm will start on April 14. These flights will operate daily. Moreover, out of the 35 additional destinations, six are in Denmark, 14 are in Norway and 15 are in Sweden. 5. For April, Volaris reported a 16.9% year-over-year increase in consolidated capacity (measured in available seat miles). The load factor (% of seats filled by passengers) decreased 3.1 percentage points to 81.6% on a consolidated basis. The metric fell as the increase in consolidated traffic (12.7%) was less than the increase in consolidated capacity. During the month, Volaris transported 2.6 million passengers, up 14.8% year over year. The NYSE ARCA Airline Index increased by 5.4% to $55.03 as all airline stocks traded in the green over the past week. Over the past six months, the NYSE ARCA Airline Index has decreased by 23.3%. With signs of easing in trade tensions emerging, investors keenly await further updates on the issue. Updates on declining fuel costs, a key input for airlines, is also eagerly awaited. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
