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Stock impact report

Allegiant Shares Up 6.39% on Improved Third-Quarter Outlook [Yahoo! Finance]

Allegiant Travel Company (ALGT) 
Last allegiant travel company earnings: 1/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.allegiantair.com
Company Research Source: Yahoo! Finance
Shares of Allegiant Travel Company ( ALGT performed well on the bourse on Sept. 20, 2024, closing the trading session at $45.81 per share, up 6.39% from the previous day's closing. The upside was owing to the improved third-quarter 2024 guidance revealed by the company on the back of upbeat travel demand. ALGT now anticipates its third-quarter capacity (measured in available seat miles) for scheduled service to increase 1.6% on a year-over-year basis. This marks an improvement from the prior expectation to increase 1.3%. Operating margin is now expected to decline in the 0.5-1.5% range, which marks an improvement over the prior forecast to decline in the 4.5-6.5% band. Loss per share is now anticipated to be in the range of $1.75-$2.25, which marks an improvement from the prior expectation of loss per share of $2.50-$3.50. The Zacks Consensus Estimate is pegged at a loss of $2.65 per share, which is above the updated guidance. Drew Wells, chief commercial officer of Allegiant Show less Read more
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