Allegiant (ALGT) Grapples With Rising Expenses and High Debt [Yahoo! Finance]
Allegiant Travel Company (ALGT)
Last allegiant travel company earnings: 1/29 04:01 pm
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US:NASDAQ Investor Relations:
ir.allegiantair.com
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Source: Yahoo! Finance
In first-quarter 2024, total operating expenses rose 15.5% year over year. ALGT's weak liquidity position is also concerning. At the end of first-quarter 2024, the company's total unrestricted cash and investments were $853.7 million, much lower than the long-term debt and finance lease obligations (net of current maturities and related costs) of $1,789.6 million. This implies that the company does not have sufficient cash to meet its debt obligations. For 2024, under airline capex, aircraft, engines, induction costs and pre-delivery deposits are expected to be in the $230-250 million range, despite the economic uncertainty. Capitalized deferred heavy maintenance is expected to be in the range of $80-$90 million. Other airline capital expenditures are expected to be between $160 million and $170 million. Such high capex may hurt the bottom line. Partly due to these headwinds, shares of ALGT have plunged 40.2% so far this year, underperforming its industry's growth of 15.3%. Im
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ALGT
News
- Chief Information Officer Robert P. Wilson III Retires from Allegiant [Yahoo! Finance]Yahoo! Finance
- Chief Information Officer Robert P. Wilson III Retires from AllegiantPR Newswire
- Why Is Allegiant Travel (ALGT) Up 1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- BREAKING NEWS: ALLEGIANT ADDS SPECIAL FLIGHTS DURING NFL SEASON FOR DIE HARD FOOTBALL FANS [Yahoo! Finance]Yahoo! Finance
- BREAKING NEWS: ALLEGIANT ADDS SPECIAL FLIGHTS DURING NFL SEASON FOR DIE HARD FOOTBALL FANS [Yahoo! Finance Canada]Yahoo! Finance Canada
ALGT
Earnings
- 5/7/24 - Beat
ALGT
Sec Filings
- 6/14/24 - Form 8-K
- 6/6/24 - Form 4
- 6/4/24 - Form 144
- ALGT's page on the SEC website