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Stock impact report

ALLEGIANT REPORTS FEBRUARY 2024 TRAFFIC [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
"First quarter demand continued the trend of outperformance during peak weeks offset by a normalized off-peak demand profile," stated Drew Wells , Allegiant chief revenue officer. "Unitized revenue during the last two weeks of March exceeded prior year, highlighting continued demand strength. First quarter TRASM will come in slightly lower than initial expectations, up roughly .5 percent sequentially from the fourth quarter of 2023. This is predominantly due to a slightly weaker than expected lead up to the Spring Break period. While we communicated the shift of Spring Breaks to the back half of the month, results were softer than we anticipated in those few lead up weeks. Second quarter capacity considers this normalization with April capacity down 10 percent year over year, accounting for the Easter shift forward. Additionally, June aircraft utilization is currently on par with 2018 levels to optimize capacity during our seasonally strong summer peaks. Early bookings into June, cou Show less Read more
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