Latest news with #AllegiantTravel
Yahoo
21-05-2025
- Business
- Yahoo
Allegiant Announces Five New Routes with One-Way Fares as Low as $39*
The Airline Offers New Low-Cost Travel Options to Popular Destinations in Eight Cities LAS VEGAS, May 21, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced five new nonstop routes to eight cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $39.* The routes, launching this fall, will provide the only nonstop service between these cities. Additionally, the airline added an intrastate route for travelers in Tennessee. "This expansion caters to passengers and communities we feel have been overlooked by other carriers," said Drew Wells, Allegiant's chief commercial officer. "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." The new route to Fort Lauderdale-Hollywood International Airport (FLL) in Florida includes: South Bend, Indiana via South Bend International Airport (SBN) – beginning August 29, 2025 with one-way fares as low as $59.* The new routes to McGhee Tyson Airport (TYS) in Tennessee include: Memphis, Tennessee via Memphis International Airport (MEM) – beginning September 4, 2025 with one-way fares as low as $39.* Key West, Florida via Key West International Airport (EYW) – beginning October 3, 2025 with one-way fares as low as $49.* The new routes to Gulf Shores International Airport (GUF) in Alabama include: Appleton, Wisconsin via Appleton International Airport (ATW) – beginning October 2, 2025 with one-way fares as low as $59.* Des Moines, Iowa via Des Moines International Airport (DSM) – beginning October 3, 2025 with one-way fares as low as $59.* A hallmark of Allegiant's leisure-focused business model is that it operates a network of only nonstop, point-to-point flights, making air travel a more seamless experience. Passengers spend less time at the airport and more time on vacation. In addition to the newly added routes, the company is thrilled to offer – for a limited time, only – a series of flights to Las Vegas for the NFL season, giving dedicated football fans a convenient, hassle-free ride to the game. These flights are available on a first-come, first-served basis, so secure your spot now while space is available. "Football fans are the heartbeat of the game, and we want to make sure they can feel every pulse-pounding moment live," said Wells. "These specialty flights have been extremely popular during past NFL seasons, and we expect them to sell out in advance of the game." The limited time routes to Las Vegas via Harry Reid International Airport (LAS) include: Chicago via Chicago Midway International Airport (MDW) as the Bears take on the Raiders in a Week 4 showdown. Fans will depart on September 26 and return home on September 29. Nashville, Tennessee via Nashville International Airport (BNA) to watch the Titans vs. Raiders in Week 6. Fans will depart on October 10 and return home on October 13. Akron, Ohio via Akron-Canton Airport (CAK) when the Dawg Pound rallies in Las Vegas for a Week 12 clash with Raider Nation. Fans will depart on November 21 and return home on November 24. Tickets for all newly announced routes, including these limited flights, 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 May 21, 2025 for travel by Feb. 9, 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 FlyTMLas 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@ ALGT-News ALGT-Routes View original content to download multimedia: SOURCE Allegiant Travel Company
Washington Post
06-05-2025
- Business
- Washington Post
Allegiant Travel: Q1 Earnings Snapshot
LAS VEGAS — LAS VEGAS — Allegiant Travel Co. (ALGT) on Tuesday reported first-quarter net income of $32.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Las Vegas-based company said it had net income of $1.73. Earnings, adjusted for one-time gains and costs, were $1.81 per share.
Bloomberg
06-05-2025
- Business
- Bloomberg
Allegiant Joins Rivals in Pulling Outlook as Economy Chills
Allegiant Travel Co. withdrew its full-year financial outlook, citing a slowdown in air travel demand due to economic uncertainty and falling consumer confidence. The leisure carrier joined rivals, including JetBlue Airways Corp., Southwest Airlines Co., and Frontier Group Holdings Inc., in pulling guidance. Mainline carriers such as Delta Air Lines Inc. and American Airlines Group Inc. have also withdrawn or declined to reaffirm their earnings outlook.
Yahoo
06-05-2025
- Business
- Yahoo
First Advantage Corporation (FA) declined due to the Uncertain Macroeconomic Environment
Diamond Hill Capital, an investment management company, released its 'Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1, markets were uneven due to the new presidential administration's activity, leading to concern about the future. The Russell 3000 Index fell by 4.7% in Q1, the first quarterly loss since Q3 2023. Diamond Hill Small Cap Fund returned -11.56% in Q1, trailing the Russell 2000 Index's -9.48% return. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Diamond Hill Small Cap Fund highlighted stocks such as First Advantage Corporation (NASDAQ:FA). First Advantage Corporation (NASDAQ:FA) is a global provider of employment background screening, identity, and verification solutions. The one-month return of First Advantage Corporation (NASDAQ:FA) was 11.66%, and its shares lost 10.59% of their value over the last 52 weeks. On May 05, 2024, First Advantage Corporation (NASDAQ:FA) stock closed at $14.83 per share with a market capitalization of $2.575 billion. Diamond Hill Small Cap Fund stated the following regarding First Advantage Corporation (NASDAQ:FA) in its Q1 2025 investor letter: "Other bottom Q1 contributors included First Advantage Corporation (NASDAQ:FA), Civitas Resources and Allegiant Travel. First Advantage, which provides employment background screening, identity and verification solutions, faces pressure related to the uncertain macroeconomic environment, which could weigh on demand for background screenings in 2025. Further, it is amid its integration of recent acquisition Sterling Check Corp., which has leveraged the balance sheet for the time being." Is Clear Secure Inc. (YOU) the Most Promising Technology Stock to Buy Now? A close-up of the fingers of a technician scanning an ID, verifying the Enrollment Verification process. First Advantage Corporation (NASDAQ:FA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held First Advantage Corporation (NASDAQ:FA) at the end of the fourth quarter, compared to 15 in the third quarter. First Advantage Corporation's (NASDAQ:FA) pro forma revenues for the fourth quarter of 2024 were $375 million, up 0.9% year-over-year. While we acknowledge the potential of First Advantage Corporation (NASDAQ:FA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Yahoo
05-05-2025
- Business
- Yahoo
Allegiant Travel (ALGT) Reports Next Week: Wall Street Expects Earnings Growth
Allegiant Travel (ALGT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on May 6, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This travel services company is expected to post quarterly earnings of $1.54 per share in its upcoming report, which represents a year-over-year change of +170.2%. Revenues are expected to be $690.25 million, up 5.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 25% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Allegiant Travel, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Allegiant Travel will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Allegiant Travel would post earnings of $1.88 per share when it actually produced earnings of $2.10, delivering a surprise of +11.70%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Allegiant Travel doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Transportation - Airline industry, Frontier Group Holdings (ULCC) is soon expected to post loss of $0.22 per share for the quarter ended March 2025. This estimate indicates a year-over-year change of -144.4%. This quarter's revenue is expected to be $949.68 million, up 9.8% from the year-ago quarter. The consensus EPS estimate for Frontier Group has been revised 50.6% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Frontier Group will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 Allegiant Travel Company (ALGT) : Free Stock Analysis Report Frontier Group Holdings, Inc. (ULCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
