$ALGT (Allegiant Travel Company)

$ALGT {{ '2016-03-14T06:30:34+0000' | timeago}} • Announcement

Leisure travel company $ALGT said CEO Maury Gallagher and affiliated entities have sold 292,200 shares at $163.50 per share. Gallagher will use the proceeds to retire outstanding debt for existing personal ventures. After the transaction, Gallagher directly or indirectly holds 3.3MM plus shares, about 20% of outstanding shares as of March 10.

$ALGT {{ '2018-01-12T12:52:26+0000' | timeago}} • Announcement

Airline company $ALGT said its passenger traffic increased 11% annually to 978MM in December 2017. Available seat miles, a measure of carrying capacity, rose 9% to about 1.2Bil during the month. Overall load factor for the month was 82%, up 1.4 points compared to December 2016. In 4Q17, traffic and capacity grew 13% and 11%, respectively.

$ALGT {{ '2017-12-20T13:46:32+0000' | timeago}} • Announcement

$ALGT announced that Scott Allard has resigned his position as EVP and Chief Information Officer. Allard will depart his position with $ALGT on December 31. Robert Wilson, SVP, Information Systems, will act as Interim Chief Information Officer until a successor is selected.

$ALGT {{ '2017-12-08T13:07:30+0000' | timeago}} • Announcement

$ALGT expects available seat miles growth of 8% and YoY departures growth of 5% for December 2017. For 4Q17, capacity is expected to grow 10-12% while departures are expected to grow 9-11%. For 1Q18, capacity is expected to grow 10-14% while departures are expected to grow 8-12%.

$ALGT {{ '2017-12-08T13:07:13+0000' | timeago}} • Announcement

$ALGT reported preliminary passenger traffic results for November 2017. Revenue passenger miles increased 12.8% to 879MM from November 2016. Available seat miles rose 10.6% to 1.07Bil while load factor grew 1.6 points to 81.5% from the prior-year period.

$ALGT {{ '2017-10-11T12:45:38+0000' | timeago}} • Announcement

Aviation company $ALGT reported a 10% fall in overall traffic in September as operations on its Florida network were affected by Hurricane Irma, resulting in flight cancellations. There was a 5% annual decrease in capacity, and 10% fall in the number of passengers. Load factor was lower by  4 points compared to September 2016.

$ALGT {{ '2017-09-07T19:43:45+0000' | timeago}} • Announcement

$ALGT expects available seat miles for September 2017 to increase 3%. For 3Q17, capacity is expected to increase 3-5% while departures are expected to increase 6-8%. For 4Q17, capacity is expected to grow 9-13% while departures are expected to rise 7-11%.

$ALGT {{ '2017-09-07T19:43:27+0000' | timeago}} • Announcement

$ALGT reported 892MM revenue passenger miles in August 2017, up 5.5% from August 2016. Available seat miles increased 6.5% to 1.07Bil from the prior year period. Load factor fell 0.8 points to 83.3% from August 2016.

$ALGT {{ '2017-08-08T17:45:36+0000' | timeago}} • Announcement

$ALGT expects August 2017 available seat miles growth of 6% and departures growth of 8%. For 3Q17, the company sees capacity growth of 3-7% and departures to rise 4-8%. For 4Q17, $ALGT projects capacity growth of 9-13% and departures to increase 7-11%.

$ALGT {{ '2017-08-08T17:44:02+0000' | timeago}} • Announcement

$ALGT reported preliminary traffic for the month of July 2017 of 1.18Bil revenue passenger miles, up 3.1% from last year. Capacity increased 4.2%% to 1.35Bil available seat miles and passengers grew 7.1% to 1.34MM. However, load factor fell 0.9 points to 87.4% from 88.3%.

$ALGT {{ '2017-08-04T18:43:35+0000' | timeago}} • Announcement

$ALGT, a low-cost airline, announced plans to establish a two-aircraft base at the Indianapolis International Airport. As part of its growth plans in Indiana, the company also plans to create up to 66 new, high-wage jobs by 2017. It is investing more than $40MM to put in place its new base of operations, which will house two Airbus aircraft.

$ALGT {{ '2017-07-10T20:23:42+0000' | timeago}} • Announcement

$ALGT reported a 6.8% increase in revenue passenger miles (RPM) for June 2017 versus June 2016 along with a 7.6% increase in available seat miles (ASM). For 2Q17, RPM grew 11% while ASM grew 12.7% versus 2Q16. $ALGT expects a 3-7% increase in 3Q17 and a 9-13% increase in 4Q17 for ASM.

$ALGT {{ '2017-06-20T12:27:51+0000' | timeago}} • Announcement

$ALGT announced 28 new routes and service from three new U.S. cities: Gulfport, Mississippi; Norfolk, Virginia; and Milwaukee, Wisconsin. The company is offering one-way fares on the new routes for as low as $29.

$ALGT {{ '2017-06-13T22:33:06+0000' | timeago}} • Announcement

$ALGT announced an agreement with ALAFCO Aviation Lease and Finance Company to lease 13 Airbus A320 aircraft. The 13 Airbus aircraft acquired via this agreement are expected to enter service with $ALGT beginning in 1Q18. The agreement includes an option to purchase at the end of the lease term.

$ALGT {{ '2017-06-08T13:01:17+0000' | timeago}} • Announcement

$ALGT expects available seat miles to improve 8% in June 2017, 12-14% in 2Q17 and 3-7% in 3Q17. Departures are expected to improve 11% in June 2017, 15-17% in 2Q17 and 4-8% in 3Q17. TRASM for 2Q17 is expected to grow 1.5-3.5%.

$ALGT {{ '2017-06-08T12:52:19+0000' | timeago}} • Announcement

In May 2017, passengers for $ALGT's Scheduled Service rose 14.8% YoY to 1.01MM, while that for Total System increased 14.8% YoY to 1.02MM. Revenue passenger miles rose 10.5% YoY for Scheduled Service and 10.7% YoY for Total System.

$ALGT {{ '2017-05-26T21:03:21+0000' | timeago}} • Announcement

$ALGT said Jude Bricker has resigned his position as Executive Vice President and Chief Operating Officer. Mr. Bricker will depart his position with $ALGT effective May 26, 2017. Scott Sheldon, Executive Vice President and Chief Financial Officer, will act as Interim Chief Operating Officer until a successor is selected.

$ALGT {{ '2017-05-15T10:43:00+0000' | timeago}} • Announcement

$ALGT said Ponder Harrison has resigned from his position as EVP and chief marketing officer. Harrison will resume his consulting role with the company.

$ALGT {{ '2017-05-05T14:34:34+0000' | timeago}} • Announcement

$ALGT reported preliminary traffic for the month of April 2017 of 941.04MM revenue passenger miles, up 16.7% from last year. Capacity grew 19% to 1.16Bil available seat miles. Load factor declined 1.7 points to 80.9% from 82.6% and average stage length decreased 2.6% to 894 miles. Departures grew 23.9% to 7,764.

$ALGT {{ '2017-04-11T13:10:02+0000' | timeago}} • Announcement

$ALGT expects scheduled departures to increase 21% year-over-year for the month of April 2017 and available seat miles (ASMs) to grow 18%. For 2Q17, $ALGT sees system departures growth of 14-18% and system ASMs growth of 11-15%. For 3Q17, the company sees system departures growth of 4-8% and system ASMs growth of 3-7%.

$ALGT {{ '2017-04-11T13:06:54+0000' | timeago}} • Announcement

$ALGT reported preliminary traffic for 1Q17 of 2.71Bil revenue passenger miles, up 7.5% from last year. Capacity increased 12.5% to 3.38Bil available seat miles. Load factor decreased 3.8 points to 80.2%. Passengers grew 11.1% to 2.88MM and departures rose 17.9% to 22,295, while average stage length fell 3.4% to 903 miles.

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