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December 7, 2012
05:07 EDTALGTAllegiant Travel reports November traffic
"November average base airfare was slightly lower than anticipated and we are now forecasting a slightly weaker fare environment for December also," said Andrew Levy, President of Allegiant Travel Co. "As such we are adjusting our Q4 PRASM downward. However, we are also adjusting our CASM ex fuel guidance downward due to better cost performance than forecast earlier this quarter." Reports November RPMs up 23%; November Load Factor down 4 points to 85.7% from 89.7%; Scheduled revenue per scheduled ASM, or PRASM,down 12.6%.
News For ALGT From The Last 14 Days
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December 15, 2014
07:57 EDTALGTDeutsche ups targets on Airlines amid lower fuel prices
Deutsche Bank expects 2015 to be an even stronger year than 2014 for Airline stocks and believes carriers will continue to "share their growing wealth with their stakeholders." Deutsche sees lower fuel prices and reduced interest expense providing benefits in 2015. The firm raised its price target for Allegiant Travel (ALGT) to $174 from $150, for Hawaiian Holdings (HA) to $27 from $19, for JetBlue (JBLU) to $21 from $17, for Southwest (LUV) to $55 from $46, for Spirit Airlines (SAVE) to $95 from $85, for United Continental (UAL) to $80 from $50, for American Airlines (AAL) to $67 from $54 and for Alaska Air (ALK) to $53 from $42.50. Deutsche keeps a $60 price target on shares of Delta Air Lines (DAL). The firm has a Buy rating on all name in the space save for Alaska Air, which it rates Sell.
December 10, 2014
18:00 EDTALGTAllegiant Travel appoints Steve Harfst as COO of Allegiant Air
Allegiant has elected Steve Harfst to the post of Chief Operating Officer of Allegiant Air, effective January 1, 2015.
10:00 EDTALGTOn The Fly: Analyst Downgrade Summary
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05:32 EDTALGTAllegiant Travel downgraded to Underweight from Overweight at Barclays
Barclays downgraded Allegiant Travel two notches to Underweight from Overweight saying better options exist in the airlines space for earnings growth amid lower oil prices. The firm raised its price target for shares to $145 from $140.

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