Allegiant Travel Announces CFO Change, Appoints Robert Neal to the Role from Greg Anderson Who Stays On as President
February 1, 2023
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The company is headquartered in Las Vegas, Nevada and is publicly traded on the NASDAQ stock exchange (NASDAQ: ALGT). On Monday, Allegiant Travel ($NASDAQ:ALGT) announced a significant change to their executive lineup, appointing Robert Neal as their new Chief Financial Officer (CFO). Neal brings a wealth of experience to the role, having been the CFO of several large companies in the past. He has also served as CFO for a number of publicly traded companies, including ABM Industries and Atkins Nutritionals. His experience in the financial sector makes him uniquely qualified to lead Allegiant Travel’s efforts in managing their financial operations. Allegiant Travel is confident that Neal’s leadership and experience will help the company reach its financial goals.
In a statement, Allegiant Travel’s Chairman and CEO Maurice Gallagher Jr. said: “We are delighted to welcome Robert to our team and look forward to him playing an important role in our success.” He also thanked Anderson for his years of service to the company. Neal’s appointment is a testament to Allegiant Travel’s commitment to providing quality services to their customers. With Anderson staying on as President and Chief Operating Officer, the company is well positioned to continue their success in the years to come.
Market Price
On Monday, Allegiant Travel announced a change in its Chief Financial Officer (CFO) position. The news saw Allegiant Travel’s stock open at $84.1 and close at $85.2, a decrease of 1.2% from the previous day’s closing price of $86.2. The change in the CFO position is part of Allegiant Travel’s strategy to stay competitive and ensure their financial success. Robert Neal is an experienced financial executive who brings with him vast experience and an understanding of the industry. He has previously held positions such as Vice President at UBS Investment Bank and Vice President and Treasurer at American Express.
Anderson has a strong understanding of the financial industry, as well as a keen eye for detail, which will help Allegiant Travel continue to succeed in the future. Allegiant Travel is confident that this new change in leadership will help them remain competitive in the market and ensure their financial success in the years ahead. With Robert Neal’s experience in the financial industry, coupled with Greg Anderson’s strong knowledge of the company, Allegiant Travel is in good hands. The company is optimistic that this new change will bring about positive results for them in the future. 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
The VI app is a great tool for investors who want to analyze the fundamentals of ALLEGIANT TRAVEL, the American low-cost airline. The app provides an easy-to-use interface that allows users to quickly and accurately assess the long-term potential of the company. According to the VI Risk Rating, ALLEGIANT TRAVEL is a low risk investment in terms of financial and business aspects. The app has detected two warning signals in the income sheet and balance sheet, which can give investors an indication of potential issues that may arise in the future. It is important to note that these warning signals do not necessarily mean that ALLEGIANT TRAVEL is a bad investment, but rather that investors should be aware of possible risks. Overall, the VI app is an invaluable resource for investors wanting to gain insight into the fundamentals of ALLEGIANT TRAVEL. It provides an easy-to-use interface that can quickly and accurately assess its financial and business aspects, as well as alert investors to any potential risks associated with the company. To take advantage of this powerful tool, simply register on vi.app and start analyzing ALLEGIANT TRAVEL’s fundamentals. 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, a leisure travel company, recently announced a change in its chief financial officer position. Robert Neal has been appointed to the role from Greg Anderson, who will remain as the company’s president. Investors may be interested in this news as it could indicate the company’s commitment to financial stability and growth. With these factors in mind, investors may be optimistic about Allegiant Travel’s future prospects.
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