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ALGT / Allegiant Travel: Healthy June Traffic, Ebbing Fuel Costs Benefit EPS, But Questions Remain

Allegiant Travel: Healthy June Traffic, Ebbing Fuel Costs Benefit EPS, But Questions Remain
The airline industry saw record traffic over the 4th of July holiday period, with Allegiant Travel Company reporting encouraging June traffic data and year-on-year gains in passenger traffic. Despite positive EPS revisions and a raised 2023 EPS outlook, key risks for ALGT include macro uncertainty, rising labor costs, and ongoing issues with the 737 MAX. While ALGT's valuation is attractive with a low forward non-GAAP P/E and an ultra-cheap EV/EBITDA ratio, I am maintaining a hold rating due to potential macroeconomic uncertainties and labor costs. Read More
Posted: Jul 18 2023, 17:05
Author Name: Seeking Alpha
Views: 091972

ALGT News  

Why Allegiant Travel Stock Lost Altitude in October

By The Motley Fool
November 2, 2023

Why Allegiant Travel Stock Lost Altitude in October

Allegiant traded down in October as rival airlines painted a gloomy picture about future demand. The company at long last has its Florida resort comin more_horizontal

Allegiant Travel (ALGT) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
November 2, 2023

Allegiant Travel (ALGT) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended September 2023, but it may be worthw more_horizontal

Allegiant Travel (ALGT) Stock Declines While Market Improves: Some Information for Investors

By Zacks Investment Research
October 24, 2023

Allegiant Travel (ALGT) Stock Declines While Market Improves: Some Information for Investors

Allegiant Travel (ALGT) reachead $71.31 at the closing of the latest trading day, reflecting a -0.85% change compared to its last close. more_horizontal

Allegiant Travel (ALGT) Suffers a Larger Drop Than the General Market: Key Insights

By Zacks Investment Research
October 17, 2023

Allegiant Travel (ALGT) Suffers a Larger Drop Than the General Market: Key Insights

The latest trading day saw Allegiant Travel (ALGT) settling at $74.52, representing a -0.32% change from its previous close. more_horizontal

Allegiant Travel (ALGT) Stock Slides as Market Rises: Facts to Know Before You Trade

By Zacks Investment Research
October 10, 2023

Allegiant Travel (ALGT) Stock Slides as Market Rises: Facts to Know Before You Trade

The latest trading day saw Allegiant Travel (ALGT) settling at $76.02, representing a -0.38% change from its previous close. more_horizontal

Allegiant (ALGT) CEO Resigns, Former Boss to Take Up the Role

By Zacks Investment Research
October 2, 2023

Allegiant (ALGT) CEO Resigns, Former Boss to Take Up the Role

John Redmond resigns as Allegiant's (ALGT) CEO after a short stint. more_horizontal

Ticking Time Bombs: 3 Airline Stocks to Dump Before the Damage Is Done

By InvestorPlace
September 27, 2023

Ticking Time Bombs: 3 Airline Stocks to Dump Before the Damage Is Done

The skies haven't exactly been clear for the aviation world. Casting our gaze back, we recall the catastrophic impact of the pandemic, a time when the more_horizontal

Mexico's Airlines Safety Upgrade May Be The Lift Investors Have Been Waiting For

By Seeking Alpha
September 19, 2023

Mexico's Airlines Safety Upgrade May Be The Lift Investors Have Been Waiting For

Mexico's air safety rating was upgraded from Category 2 to Category 1 by the FAA, opening up opportunities for Mexican airlines and their U.S. joint v more_horizontal


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