Allegiant Travel Company

Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline. The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment represents activity related to the development and construction of Sunseeker Resort in Southwest Florida, as well as the operation of Kingsway Golf Course. The Other non-Airline segment includes the Teesnap golf course management solution and Allegiant Nonstop family entertainment centers. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

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Allegiant Travel overcomes challenges, eyes growth through strategic initiatives

Allegiant Travel Company navigated challenges in Q4 2022 to achieve strong financial performance.
The company's focus on existing market growth and operational integrity positions it well for the future.
Opportunities in partnerships, insurance coverage, and strategic investments offer avenues for growth.
Challenges like pilot availability and inflationary pressures require proactive management.
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Allegiant Travel beats earnings expectations, eyes long-term growth opportunities

Allegiant Travel Company's Q1 performance exceeded expectations, with strong revenue growth and operational metrics showcasing resilience and continuous improvement.
While facing challenges from pilot inefficiency, labor costs, and capacity reductions, Allegiant remains focused on long-term value and profitability.
Opportunities in the Sunseeker Resort project, operational enhancements, and targeted strategies for leisure travel demand position Allegiant for future growth.
Maintaining strong liquidity and a commitment to operational reliability and brand integrity underscore Allegiant's positive outlook for the future.
Despite short-term challenges, Allegiant's financial performance and strategic focus highlight a path towards sustained success and profitability.

Allegiant Travel reports strong Q2 performance and strategic growth outlook

Allegiant Travel Company's Q2 performance reflects operational excellence, customer engagement, and promising revenue prospects, supported by strategic initiatives and strong demand for Sunseeker Resort.
While facing short-term financial challenges and cost pressures, Allegiant's focus on pilot recruitment, fleet expansion, and revenue optimization presents opportunities for sustainable growth and market leadership.
Overall, Allegiant's performance highlights resilience, strategic foresight, and a commitment to enhancing shareholder value, positioning the company for long-term success in the competitive airline industry.

Allegiant Travel reports 11th consecutive quarter of airline profits

Allegiant Travel Company (ALGT) continues its streak of airline operating profits, emphasizing cost discipline and strategic investments. Despite challenges like high fuel prices and tough competition, the company's focus on reshaping the leisure travel sector and driving revenue growth presents significant opportunities. With a strong performance in Q3 and a strategic approach to capacity management, Allegiant is poised for continued success.

Allegiant Travel reports record revenue, faces challenges with Sunseeker

Allegiant Travel Company's Q4 2023 Earnings Call highlighted strong financial performance, operational gains, and strategic initiatives to drive revenue growth and margin restoration. Despite challenges with Sunseeker's delayed contribution and ATI approval delays, the company remains focused on leveraging strengths in customer loyalty and brand demand.

Allegiant Travel Company faces Q1 challenges, eyes operational enhancements

Allegiant Travel Company faced challenges in Q1 2024 with below-expectation results and operational hurdles.
Despite setbacks, the company aims to enhance margins through strategic initiatives and revenue diversification.
Sunseeker Resorts' challenges and industry dynamics require ongoing adaptation and operational improvements.
Efforts to optimize operations, increase aircraft utilization, and focus on revenue streams highlight Allegiant's resilience and growth potential.

Allegiant Travel navigates challenges, eyes growth opportunities in 2025

Allegiant Travel Company faced operational challenges but is actively working to mitigate financial impacts and improve performance in 2025.
Despite concerns such as Boeing delays and industry challenges, Allegiant's unique business model and growth outlook position the company for future success.
The company's focus on revenue growth, operational efficiency, and strategic decision-making reflects a commitment to driving profitability and long-term value.
Analysts' questions and executive discussions highlighted areas of concern and strategic considerations, underscoring the need for proactive management and operational adjustments.

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Allegiant Travel Co. engages in the provision of leisure travel services. It operates through the Airline and Sunseeker Resort segments. The Airline segment involves the scheduled service air transportation, ancillary air-related and third-party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment includes hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, the Aileron Golf Course, and other resort amenities. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

Allegiant Travel (ALGT) delivered earnings and revenue surprises of 301.27% and 5.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Allegiant Travel (ALGT) Q4 Earnings and Revenues Beat Estimates

Fourth quarter  2022 GAAP diluted earnings per share of $2.87 Fourth quarter  2022 diluted earnings per share, excluding recognition bonus and Sunseeker special charges, of $3.17 (1)(2)(3) Full-year 2022 GAAP diluted earnings per share of $0.14 Full-year 2022 diluted earnings per share, excluding recognition bonus and Sunseeker special charges, of $3.13 (1)(2)(3) LAS VEGAS , Feb. 1, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full-year 2022, as well as comparisons to prior years: Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019      YoY      Yo3Y Total operating expense 522.4 463.6 368.4 12.7 41.8 Operating income 89.2 33.3 92.7 167.6 (3.7) Income before income taxes 65.9 15.1 78.6 334.7 (16.3) Net income 52.5 10.7 60.5 390.3 (13.3) Diluted earnings per share 2.87 0.59 3.72 386.4 (22.8)   Twelve Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $        2,301.8 $        1,707.9 $        1,841.0 34.8 % 25.0 % Total operating expense 2,210.2 1,444.8 1,477.0 53.0 49.6 Operating income 91.6 263.1 364.0 (65.2) (74.8) Income before income taxes 5.0 196.6 301.2 (97.5) (98.4) Net income 2.5 151.9 232.1 (98.4) (98.9) Diluted earnings per share 0.14 8.68 14.26 (98.4) (99.0) Sunseeker special charges 34.0 — — NM NM Diluted earnings per share excluding Sunseeker special charges (2) (3) $             1.65 $             8.68 $           14.26 (81.0) (88.4) (1)  Recognition bonus awarded despite not meeting internal profit-sharing targets (2)  Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures   (3)  Adjusted to exclude estimated loss from property damage to Sunseeker Resort related to Hurricane Ian and two subsequent insurance events that occurred during the quarter, offset by insurance recoveries recorded to date.

ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS

LAS VEGAS , Jan. 30, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced several key enhancements to the roles of its executive leadership team. The new roles for these leaders bring further strategic emphasis to the areas of planning, finance, revenue, and team-member engagement.

ALLEGIANT ANNOUNCES STRATEGIC LEADERSHIP UPDATES

LAS VEGAS , Jan. 27, 2023 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) announced that its Board of Directors has accepted the resignation of its President and Chief Operating Officer, Scott Sheldon, effective April 1, 2023. Greg Anderson will continue to serve as President and will assume oversight of the company's operational teams.

ALLEGIANT ANNOUNCES THE RESIGNATION OF SCOTT SHELDON PRESIDENT AND CHIEF OPERATING OFFICER

*BROLL HERE* LAS VEGAS , Jan. 19, 2023 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) celebrated its 2,000th wish flight as a Make-A-Wish travel partner, flying Annabelle from Reno, NV, to Las Vegas, where she will fulfill her wish of hitting the ice as a professional hockey player. Annabelle, 8, who battles cystic fibrosis, was given a superstar welcome when she landed at Harry Reid International Airport.

ALLEGIANT CELEBRATES FLYING 2,000 WISH KIDS THROUGH PARTNERSHIP WITH MAKE-A-WISH

LAS VEGAS , Jan. 19, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2022, fourth quarter 2022, and full year 2022. Scheduled Service – Year Over Three-Year Comparison December 2022 December 2019 Change Passengers 1,450,978 1,308,341 10.9 % Revenue passenger miles (000) 1,348,142 1,165,902 15.6 % Available seat miles (000) 1,591,240 1,411,107 12.8 % Load factor 84.7 % 82.6 % 2.1 pts Departures 10,024 9,423 6.4 % Average stage length (miles) 901 871 3.4 % 4th Quarter 2022 4th Quarter 2019 Change Passengers 3,893,870 3,516,263 10.7 % Revenue passenger miles (000) 3,578,134 3,073,055 16.4 % Available seat miles (000) 4,192,352 3,745,031 11.9 % Load factor 85.3 % 82.1 % 3.2 pts Departures 26,591 25,541 4.1 % Average stage length (miles) 893 856 4.3 % Full Year 2022 Full Year 2019 Change Passengers 16,630,138 14,823,267 12.2 % Revenue passenger miles (000) 15,224,346 13,038,003 16.8 % Available seat miles (000) 17,909,190 15,545,818 15.2 % Load factor 85.0 % 83.9 % 1.1 pts Departures 114,066 105,690 7.9 % Average stage length (miles) 890 859 3.6 %   Total System* - Year Over Three-Year Comparison December 2022 December 2019 Change Passengers 1,461,523 1,318,872 10.8 % Available seat miles (000) 1,626,795 1,453,592 11.9 % Departures 10,292 9,742 5.6 % Average stage length (miles) 897 868 3.3 % 4th Quarter 2022 4th Quarter 2019 Change Passengers 3,962,466 3,585,966 10.5 % Available seat miles (000) 4,358,220 3,928,536 10.9 % Departures 28,005 27,088 3.4 % Average stage length (miles) 881 846 4.1 % Full Year 2022 Full Year 2019 Change Passengers 16,796,544 15,012,149 11.9 % Available seat miles (000) 18,419,045 16,174,240 13.9 % Departures 118,069 110,542 6.8 % Average stage length (miles) 884 855 3.4 %   Scheduled Service – Year Over Year Comparison December 2022 December 2021 Change Passengers 1,450,978 1,320,403 9.9 % Revenue passenger miles (000) 1,348,142 1,226,131 10.0 % Available seat miles (000) 1,591,240 1,556,101 2.3 % Load factor 84.7 % 78.8 % 5.9 pts Departures 10,024 9,801 2.3 % Average stage length (miles) 901 902 (0.1 %) 4th Quarter 2022 4th Quarter 2021 Change Passengers 3,893,870 3,671,032 6.1 % Revenue passenger miles (000) 3,578,134 3,306,563 8.2 % Available seat miles (000) 4,192,352 4,288,133 (2.2 %) Load factor 85.3 % 77.1 % 8.2 pts Departures 26,591 27,818 (4.4 %) Average stage length (miles) 893 876 1.9 % Full Year 2022 Full Year 2021 Change Passengers 16,630,138 13,509,544 23.1 % Revenue passenger miles (000) 15,224,346 11,963,715 27.3 % Available seat miles (000) 17,909,190 17,027,902 5.2 % Load factor 85.0 % 70.3 % 14.7pts Departures 114,066 113,121 0.8 % Average stage length (miles) 890 862 3.2 %   Total System* - Year Over Year Comparison December 2022 December 2021 Change Passengers 1,461,523 1,327,884 10.1 % Available seat miles (000) 1,626,795 1,586,060 2.6 % Departures 10,292 10,065 2.3 % Average stage length (miles) 897 896 0.1 % 4th Quarter 2022 4th Quarter 2021 Change Passengers 3,962,466 3,731,034 6.2 % Available seat miles (000) 4,358,220 4,440,839 (1.9 %) Departures 28,005 29,193 (4.1 %) Average stage length (miles) 881 865 1.8 % Full Year 2022 Full Year 2021 Change Passengers 16,796,544 13,637,405 23.2 % Available seat miles (000) 18,419,045 17,490,571 5.3 % Departures 118,069 117,047 0.9 % Average stage length (miles) 884 856 3.3 % *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS DECEMBER 2022 TRAFFIC

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After a summer of labor disputes and a winter storm that forced cancellations from sea to shining sea, investors were finally beginning to believe that long positions in airline stocks were ready to take off. However, last week's grounding of all U.S. flights is a reminder that all is not well in the airline industry.

3 Airline Stocks to Sell to Avoid the Choppy Skies

LAS VEGAS , Jan. 18, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its full year and fourth quarter 2022 financial results conference call for Wednesday, February 1 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

ALLEGIANT TRAVEL COMPANY SCHEDULES FULL YEAR AND FOURTH QUARTER 2022 EARNINGS CALL

Committed to becoming a more sustainable travel provider, Allegiant made investments in several ESG areas LAS VEGAS , Dec. 30, 2022 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) released its 2021 Environmental, Social and Governance (ESG) Report, a comprehensive publication that details the company's efforts to reduce its climate impact and enhance the communities where employees live and work. In 2022, Allegiant partnered with Schneider Electric, the global leader in the digital transformation of energy management and automation, to develop a comprehensive ESG program.

ALLEGIANT RELEASES INAUGURAL ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

In November 2022, Allegiant (ALGT) has carried 1.19 million passengers in scheduled service, up 8.4% from the November 2019 actuals.

Allegiant (ALGT) Dips 2.98% in Yesterday'sTrading: Here's Why

LAS VEGAS , Dec. 20, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2022. Scheduled Service – Year Over Three-Year Comparison November 2022 November 2019 Change Passengers 1,193,686 1,101,346 8.4 % Revenue passenger miles (000) 1,094,020 962,614 13.7 % Available seat miles (000) 1,272,381 1,197,831 6.2 % Load factor 86.0 % 80.4 %             5.6 pts Departures 8,085 8,189 (1.3 %) Average stage length (miles) 891 857 4.0 % Total System* - Year Over Three-Year Comparison November 2022 November 2019 Change Passengers 1,221,545 1,129,065 8.2 % Available seat miles (000) 1,342,100 1,255,381 6.9 % Departures 8,680 8,739 (0.7 %) Average stage length (miles) 875 841 4.0 % Scheduled Service – Year Over Year Comparison November 2022 November 2021 Change Passengers 1,193,686 1,187,477 0.5 % Revenue passenger miles (000) 1,094,020 1,066,154 2.6 % Available seat miles (000) 1,272,381 1,373,420 (7.4 %) Load factor 86.0 % 77.6 % 8.4 pts Departures 8,085 8,923 (9.4 %) Average stage length (miles) 891 876 1.7 % Total System* - Year Over Year Comparison November 2022 November 2021 Change Passengers 1,221,545 1,211,017 0.9 % Available seat miles (000) 1,342,100 1,430,727 (6.2 %) Departures 8,680 9,448 (8.1 %) Average stage length (miles) 875 862 1.5 % *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS NOVEMBER 2022 TRAFFIC

DREAMWORKS ANIMATION'S PUSS IN BOOTS: THE LAST WISH ARRIVES IN THEATERS DECEMBER 21, 2022 LAS VEGAS , Dec. 1, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today it is teaming up with DreamWorks Animation to celebrate the release of Puss in Boots: The Last Wish, opening in theaters Dec. 21. Throughout the holiday season, fans from around the country will be eligible to win prizes and enjoy special Puss in Boots-themed experiences including the chance to enter a vacation sweepstakes, fly aboard a special themed aircraft, enjoy Puss in Boots-themed onboard snacks and more.

ALLEGIANT ANNOUNCES PARTNERSHIP WITH DREAMWORKS ANIMATION'S PUSS IN BOOTS: THE LAST WISH

Driven by upbeat traffic, load factor in October 2022 increases 2.4 points to 85.5% from October 2019 actuals at Allegiant (ALGT).

Allegiant (ALGT) October 2022 Passenger Volumes Top 2019-Level

LAS VEGAS , Nov. 18, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2022.   Scheduled Service – Year Over Three-Year Comparison October 2022 October 2019 Change Passengers 1,249,206 1,106,576 12.9 % Revenue passenger miles (000) 1,135,972 944,538 20.3 % Available seat miles (000) 1,328,730 1,136,093 17.0 % Load factor 85.5 % 83.1 %             2.4 pts Departures 8,482 7,929 7.0 % Average stage length (miles) 885 838 5.6 %   Total System* - Year Over Three-Year Comparison October 2022 October 2019 Change Passengers 1,279,398 1,138,029 12.4 % Available seat miles (000) 1,389,326 1,219,562 13.9 % Departures 9,033 8,607 4.9 % Average stage length (miles) 869 828 5.0 %   Scheduled Service – Year Over Year Comparison October 2022 October 2021 Change Passengers 1,249,206 1,163,152 7.4 % Revenue passenger miles (000) 1,135,972 1,014,278 12.0 % Available seat miles (000) 1,328,730 1,358,612 (2.2 %) Load factor 85.5 % 74.7 % 10.8 pts Departures 8,482 9,094 (6.7 %) Average stage length (miles) 885 849 4.2 %   Total System* - Year Over Year Comparison October 2022 October 2021 Change Passengers 1,279,398 1,192,133 7.3 % Available seat miles (000) 1,389,326 1,424,053 (2.4 %) Departures 9,033 9,680 (6.7 %) Average stage length (miles) 869 835 4.1 % *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS OCTOBER 2022 TRAFFIC

LAS VEGAS , Nov. 16, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces two new nonstop routes to Nashville beginning service as soon as February 2023. To celebrate, Allegiant is offering one-way fares on the new routes as low as $37.

ALLEGIANT ANNOUNCES TWO NEW NONSTOP ROUTES WITH FARES AS LOW AS $37*

Allegiant Travel Company (NASDAQ:ALGT ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations John Redmond - Chief Executive Officer Greg Anderson - President & Chief Financial Officer Scott Sheldon - President and Chief Operating Officer Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President, Revenue & Planning Conference Call Participants Savanthi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Andrew Didora - Bank of America Daniel McKenzie - Seaport Global Conor Cunningham - Melius Research Christopher Stathoulopoulos - Susquehanna International Group Operator Good day, and thank you for standing by. Welcome to the Q3 2022 Allegiant Travel Company Earnings Conference Call.

Allegiant Travel Company (ALGT) Q3 2022 Earnings Call Transcript

Third quarter  2022 GAAP diluted loss per share of $(2.58) Third quarter  2022 loss per share, excluding recognition bonus and Hurricane Ian special charge, of $(0.54) (1)(2)(3) LAS VEGAS , Nov. 2, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2022, as well as comparisons to prior years: Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $           560.3 $           459.5 $            436.5 22.0 % 28.4 % Total operating expense 591.2 393.2 364.4 50.4 62.3 Operating income (loss) (30.9) 66.3 72.1 (146.6) (142.9) Income (loss) before income taxes (56.2) 50.2 56.9 (211.8) (198.7) Net income (loss) (46.5) 39.3 43.9 (218.4) (205.8) Diluted earnings (loss) per share (2.58) 2.18 2.70 (218.3) (195.6) Hurricane Ian special charge 35.0 — — NM NM Diluted earnings (loss) per share excluding Hurricane Ian special charge (2) (3) $            (0.97) $              2.18 $              2.70 (144.5) (135.9)   Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $        1,690.3 $        1,211.0 $        1,379.9 39.6 % 22.5 % Total operating expense 1,687.8 981.3 1,108.6 72.0 52.2 Operating income 2.4 229.7 271.3 (98.9) (99.1) Income (loss) before income taxes (60.9) 181.5 222.6 (133.6) (127.4) Net income (loss) (50.0) 141.2 171.6 (135.4) (129.1) Diluted earnings (loss) per share (2.78) 8.18 10.54 (134.0) (126.4) Hurricane Ian special charge 35.0 — — NM NM Diluted earnings (loss) per share excluding Hurricane Ian special charge (2) (3) $            (1.18) $              8.18 $            10.54 (114.4) (111.2) (1) Recognition bonus awarded despite not meeting internal profit-sharing targets (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information (3) Adjusted to exclude estimated loss from property damage to Sunseeker Resort related to Hurricane Ian.

ALLEGIANT TRAVEL COMPANY THIRD QUARTER FINANCIAL RESULTS

Travel company continues efforts to support Florida communities impacted by Hurricane Ian LAS VEGAS , Nov. 1, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced the company, in partnership with the American Red Cross, will sponsor a month-long nationwide blood drive to assist with recovery efforts in the wake of Hurricane Ian. The campaign, called "Together We Give," starts today and runs through Nov. 30 at local Red Cross chapters across the nation.

ALLEGIANT PARTNERS WITH AMERICAN RED CROSS TO SPONSOR NATIONWIDE BLOOD DRIVE

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A strong earnings report from one low-fare carrier has investors excited about upcoming reports from others.

Why Discount Airlines Frontier, Sun Country, and Allegiant Are Flying High This Week

Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Allegiant Travel (ALGT) Q3 Earnings Expected to Decline

LAS VEGAS , Oct. 26, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2022 as well as third quarter 2022. "We ended the quarter with adjusted1 earnings, excluding 2022 employee recognition bonus in-line with our updated guidance," stated Gregory Anderson, president and chief financial officer.

ALLEGIANT REPORTS SEPTEMBER 2022 TRAFFIC

Allegiant World Mastercard® Is Top Ranked For Fourth Consecutive Year LAS VEGAS , Oct. 21, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced its Allegiant World Mastercard® and Allegiant Allways Rewards® were voted as the No. 1 Best Airline Credit Card and Best Frequent Flyer Program in USA Today's 10Best 2022 Loyalty/Rewards Readers' Choice Awards.

READERS' CHOICE PICKS ALLEGIANT FOR BEST AIRLINE CREDIT CARD AND BEST FREQUENT FLYER PROGRAM

Cross-country alliance reaches major milestone in gaining Mexico's regulatory approval; U.S. Department of Transportation (DOT) approval still in process LAS VEGAS and MEXICO CITY , Oct. 17, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and Viva Aerobus today announced that the Federal Economic Competition Commission (COFECE) unconditionally authorized the Commercial Alliance Agreement between both airlines announced in December 2021. This alliance also includes a strategic equity investment by Allegiant in the Mexican airline.

MEXICAN ANTITRUST COMMISSION AUTHORIZES COMMERCIAL ALLIANCE AGREEMENT BETWEEN ALLEGIANT AND VIVA AEROBUS

Despite weather impacts, both of these airlines are in a position to see some upside.

These 2 Ultra-Low-Cost Airlines Are Poised for Takeoff

LAS VEGAS , Oct. 14, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2022 financial results conference call for Wednesday, November 2 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

News for Allegiant Travel Company Stock (ALGT)