Last $115.95 USD
Change Today -0.51 / -0.44%
Volume 76.7K
ALGT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

allegiant travel co (ALGT) Snapshot

Open
$116.44
Previous Close
$116.46
Day High
$116.79
Day Low
$114.04
52 Week High
04/11/14 - $118.33
52 Week Low
01/30/14 - $81.19
Market Cap
2.2B
Average Volume 10 Days
108.9K
EPS TTM
$4.84
Shares Outstanding
18.6M
EX-Date
12/11/13
P/E TM
24.0x
Dividend
--
Dividend Yield
1.94%
Current Stock Chart for ALLEGIANT TRAVEL CO (ALGT)

allegiant travel co (ALGT) Related Bloomberg News

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allegiant travel co (ALGT) Details

Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of small cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between small city markets and leisure destinations. As of February 1, 2014, it operated a fleet of 53 MD-80 aircraft, 7 Airbus A320 aircraft, 3 Airbus A319 aircraft, and 6 Boeing 757-200 aircraft provided services on 225 routes to 99 cities. The company also provides air-related services and products in conjunction with air transportation, including use of its call center for purchases, baggage fees, advance seat assignments, travel protection products, change fees, priority boarding, food and beverage purchases on board, and other air-related services. In addition, it offers third party travel products, such as hotel rooms, ground transportation, and attractions; and air transportation services through fixed fee agreements and charter service on a seasonal and ad-hoc basis. The company was founded in 1997 and is headquartered in Las Vegas, Nevada.

1,894 Employees
Last Reported Date: 02/28/14
Founded in 1997

allegiant travel co (ALGT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $200.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $612.5K
Senior Vice President of Planning, Secretary ...
Total Annual Compensation: $590.6K
Compensation as of Fiscal Year 2012.

allegiant travel co (ALGT) Key Developments

Allegiant Travel Company Announces Pre-Payment of Existing Term Loan and Borrows $45.3 Million from Wells Fargo Bank

Allegiant Travel Company has pre-paid the company's $125 million senior secured term loan facility, which was scheduled to mature in March 2017. In addition, the company has borrowed $45.3 million from Wells Fargo Bank. Both of these transactions occurred on April 11, 2014. million loan received from Wells Fargo Bank and $76 million of internally generated cash. The elimination of the term loan unencumbers 53 MD-80 aircraft, as well as four 757 aircraft. The company has pledged the 53 MD-80 aircraft as collateral under the Wells Fargo Bank loan.

Allegiant Expands Scheduled Service between Cincinnati and Tampa Bay from Seasonal Summer Service to Year-Round

Allegiant has expanded scheduled service between Cincinnati and Tampa Bay from seasonal summer service to year-round. Allegiant announced seasonal nonstop service from Cincinnati to Tampa Bay on March 4, 2014, and after seeing overwhelming demand for the flights, decided to offer the service year round. The company, known for its exceptional travel deals on nonstop flights, is proud to bring a city with historically high airfares introductory one-way rates as low as $99. Nonstop flights from Cincinnati /Northern Kentucky International Airport (CVG) to St. Pete-Clearwater International Airport (PIE) will begin on May 15, 2014. Allegiant is currently selling flights through Oct. 28, 2014, and will release its holiday schedule later this spring. Allegiant has added low-cost, convenient air travel from Cincinnati to four different sunny destinations in less than six months, making Cincinnati Allegiant's fast growing origination city in the company's 15-year history.

Allegiant Travel Company Reports Operating Results for the Month of February 2014; Provides Operating Guidance for the Month of March 2014, First Quarter 2014 and Second Quarter 2014

Allegiant Travel Company reported operating results for the month of February 2014. For the month, on the basis of scheduled service, passengers were 605,472 against 541,413 a year ago, revenue passenger miles were 608,135,000 against 551,788,000 a year ago, Available seat miles were 687,930,000 against 615,327,000 a year ago. Load factor was 88.4% against 89.7% a year ago. For the month, on the basis of Total System, Passengers were 614,183 against 552,109 a year ago, revenue passenger miles were 614,183,000 against 552,109,000 a year ago, Available seat miles were 705,079,000 against 637,979,000 a year ago. Load factor was 87.2% against 87.9% a year ago. For the month of February 2014, estimated year-over-year PRASM change is between 2.0% to 2.4% and estimated year-over-year TRASM change is between 1.0% to 1.4%. For the month of March 2014, the company’s ASM year-over-year growth is expected to be 8%. For the first quarter of 2014, the company’s ASM year-over-year growth is expected to 10% to 14%. The company expects PRASM to be between 0.5 and 1.5% and TRASM to be within the range of -1 to 0%. For the second quarter of 2014, the company’s ASM year-over-year growth is expected to 8% to 12%.

 

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Industry Analysis

ALGT

Industry Average

Valuation ALGT Industry Range
Price/Earnings 24.0x
Price/Sales 2.1x
Price/Book 5.7x
Price/Cash Flow 13.3x
TEV/Sales 1.6x
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