allegiant travel co (ALGT) Key Developments
Allegiant Travel Announces New Non-Stop Jet Service to New Orleans
Dec 15 14
Allegiant Travel Company has announced a new non-stop jet service to New Orleans. Seasonal service between New Orleans and Cincinnati, Columbus and Indianapolis, and year-round service between Orlando, will begin in early February, just in time for travelers to celebrate Mardi Gras. In celebration of its arrival in New Orleans, Allegiant will offer introductory one-way fares as low as $45. The new flights will all operate twice weekly.
Allegiant Names Steve Harfst as Chief Operating Officer of Allegiant Air, Effective January 1, 2015
Dec 10 14
Allegiant announced Steve Harfst has been elected by the company's board of directors to the post of Chief Operating Officer of Allegiant Air, effective January 1, 2015.
Allegiant Travel Company Provides Operating Guidance for the Month of December, Fourth Quarter 2014 and First Quarter of 2015
Dec 5 14
Allegiant Travel Company provided operating guidance for the month of December, Fourth quarter and first quarter of 2015. For December, the company expects departures and Available seat miles(ASMs) to increase 4% for scheduled service.
For fourth Quarter 2014, total system departures increasing 11%-13%, up from a previous outlook of 10% - 12% and ASMs increasing 9% - 11%, unchanged from the previous outlook.
For first quarter 2015, total system departures rising 3% to 7% and ASMs increasing 0% to 4%, unchanged from the previous guidance.
Allegiant Travel Company Reports Preliminary Passenger Traffic Results for the Month of November 2014
Dec 5 14
Allegiant Travel Company reported preliminary passenger traffic results for the month of November 2014. For the month, the company's scheduled service passengers were 616,038 compared with 544,964 a year ago. Scheduled Service revenue passenger miles were 579,487,000 compared with 527,665,000 a year ago. Scheduled Service available seat miles were 676,756,000 compared with 624,727,000 a year ago. Scheduled Service load factor was 85.6% compared with 84.5% a year ago. The company's total system passengers were 631,183 compared with 557,886 a year ago. Total system revenue passenger miles were 593,400,000 compared with 538,333,000 a year ago. Total system available seat miles were 702,993,000 compared with 647,875,000 a year ago. Total system load factor was 84.4% compared with 83.1% a year ago.
Allegiant Travel Company Declares Special Dividend, Payable on January 6, 2015
Dec 3 14
The Board of Directors of Allegiant Travel Company declared a special cash dividend of $2.50 per share on its outstanding shares of common stock. This dividend will be payable on January 6, 2015 to stockholders of record at the close of business on December 19, 2014. The total amount of the special dividend payment will be approximately $44 million, based on the current number of shares outstanding.