Allegiant Achieves Impressive 84.9% Load Factor in December 2022
January 30, 2023
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Allegiant Travel ($NASDAQ:ALGT) Company, commonly known as Allegiant, is an American low-cost airline with headquarters in Summerlin, Nevada. Allegiant offers service to small cities across the U.S., primarily focused on leisure travelers. Allegiant reported on Thursday that its December 2022 revenue passenger miles amounted to 1.35 billion, and available seat miles of 1.59 billion, resulting in a load factor of 84.9%. The increase in load factor is a reflection of Allegiant’s ability to attract customers and fill their planes. The impressive 84.9% load factor for Allegiant in December 2022 is testament to the airline’s hard work in providing a quality service and offering great value for money. Allegiant has invested heavily in its fleet and customer experience, making it one of the most reliable airlines in the country.
The airline has also made strides in reducing its environmental footprint, including investing in more fuel-efficient aircraft and implementing greener practices such as reducing emissions from ground operations. This speaks to the resilience of the airline and its ability to respond quickly to changes in the market. Overall, Allegiant’s impressive 84.9% load factor in December 2022 shows that it is well-positioned to compete in a challenging environment and continue to provide a quality service to its customers. The airline is continuing to invest in its fleet and customer experience, making it one of the most reliable airlines in the industry.
Stock Price
On Thursday, Allegiant Travel stock opened at $78.9 and closed at $81.2, up by 1.6% from last closing price of 80.0. Load factor is a key metric for airlines and is the measure of how efficiently a plane is filled with passengers. Allegiant’s December 2022 load factor of 84.9% shows that it was able to maximize its available seating capacity and fill the majority of its flights with passengers. This strong performance reflects the continued growth and success of Allegiant Travel and its ability to meet the demands of its customers. The airline has been able to leverage its low-cost business model to generate cost savings and increase its efficiency. As a result, Allegiant has been able to offer competitive fares, while still providing excellent customer service.
Additionally, Allegiant has been able to optimize its route network to ensure that it is connecting passengers to their desired destinations in a timely and cost-effective manner. This strong performance is likely to continue as Allegiant continues to focus on providing its customers with competitive fares, high-quality service, and reliable connections. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allegiant Travel. More…
| Total Revenues | Net Income | Net Margin |
| 2.19k | -39.47 | 0.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allegiant Travel. More…
| Operations | Investing | Financing |
| 386.42 | -415.57 | 64.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allegiant Travel. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.41k | 3.22k | 64.96 |
Key Ratios Snapshot
Some of the financial key ratios for Allegiant Travel are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | -37.3% | 2.0% |
| FCF Margin | ROE | ROA |
| -0.5% | 2.3% | 0.6% |
VI Analysis
Investing in a company requires a thorough analysis of its fundamentals. Allegiant Travel is one such company that can be assessed easily with the help of VI App. VI App gives a low risk rating to Allegiant Travel based on its financial and business aspects. The app also detects any potential risks associated with the company. In the case of Allegiant Travel, the app has detected two risk warnings in the income sheet and balance sheet. Registered users can access this information to assess the risk factors associated with the company. Overall, Allegiant Travel has a low-risk rating and the app’s analysis makes it easy for investors to assess the company’s fundamentals and make informed decisions about investing in it. As the app continues to improve its analysis, it can provide more accurate and reliable data about a company’s financial and business health. This will help investors make better decisions when it comes to investing in a company. More…
VI Peers
The competition among Allegiant Travel Co, Korean Air Lines Co Ltd, Cebu Air Inc, and InterGlobe Aviation Ltd is fierce. All four companies are striving to provide the best possible service to their customers. Each company has its own strengths and weaknesses, and it is up to the customer to decide which airline best meets their needs.
– Korean Air Lines Co Ltd ($KOSE:003490)
Korean Air Lines Co Ltd is a major airline company headquartered in Seoul, South Korea. It is the flag carrier of South Korea and operates a fleet of over 150 aircraft. The company has a market cap of 7.89T as of 2022 and a Return on Equity of 20.57%. Korean Air Lines is one of the world’s largest airlines and is a member of the SkyTeam alliance. The company offers a wide array of domestic and international flight routes and provides a high level of customer service.
– Cebu Air Inc ($PSE:CEB)
Cebu Air Inc is a leading low-cost carrier in the Philippines. It has a strong presence in the domestic market and offers services to over 60 destinations across the country. The company has a market cap of 22.34B as of 2022 and a Return on Equity of -580.13%. Cebu Air is committed to providing affordable, convenient, and reliable air travel services to its customers. It has a modern fleet of aircraft and a strong network of domestic and international routes. The company is continuously expanding its operations and has plans to further grow its market share in the coming years.
– InterGlobe Aviation Ltd ($BSE:539448)
InterGlobe Aviation Ltd, the owner of India’s largest airline by market share, IndiGo, has a market cap of 672.27B as of 2022. The company has a strong financial performance, with a return on equity of 16.73%. IndiGo is a low-cost carrier that offers affordable air travel to passengers in India and across the world. The company has a fleet of over 250 aircraft and operates more than 1,200 flights daily. InterGlobe Aviation is a publicly traded company listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Summary
Allegiant Travel is a low-cost airline that has seen tremendous growth in recent years. In December 2022, the company achieved an impressive 84.9% load factor, indicating strong demand for their flights. The company has invested heavily in expanding their fleet and route network, which has helped to drive increased revenue and profitability.
Allegiant also has a strong presence in the leisure travel market, offering budget-friendly fares to popular destinations around the US. With their current success and well-executed strategy, Allegiant looks well-positioned to continue their growth in the future.
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