ALLEGIANT TRAVEL Experiences Decrease in System Passengers and Capacity in May
June 17, 2023
🌥️Trending News
The decrease was attributed to reduced leisure travel due to the ongoing coronavirus pandemic. Despite this decline, Allegiant ($NASDAQ:ALGT) remains committed to providing travelers with low-cost and reliable air transportation.
Share Price
On Wednesday, ALLEGIANT TRAVEL stock opened at $114.1 and closed at $114.8, up by 0.9% from prior closing price of 113.8. Despite the decrease, the company managed to maintain its stock prices and showed a minor increase. This could indicate a possible shift in the market as people gradually start to travel again following the pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allegiant Travel. More…
| Total Revenues | Net Income | Net Margin |
| 2.45k | 65.24 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allegiant Travel. More…
| Operations | Investing | Financing |
| 303.05 | -491.42 | 33.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allegiant Travel. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.51k | 2.11k | 68.99 |
Key Ratios Snapshot
Some of the financial key ratios for Allegiant Travel are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | -13.5% | 8.4% |
| FCF Margin | ROE | ROA |
| -5.4% | 10.3% | 2.8% |
Analysis
At GoodWhale, we have conducted a thorough evaluation of ALLEGIANT TRAVEL‘s fundamentals. Our Risk Rating indicates that ALLEGIANT TRAVEL is a low risk investment in terms of financial and business aspects. However, we have detected two risk warnings in the income sheet and balance sheet which may be worth considering. To get a better understanding of these risk warnings, register on GoodWhale.com to access our detailed analysis of ALLEGIANT TRAVEL’s fundamentals. More…
Peers
The competition among Allegiant Travel Co, Korean Air Lines Co Ltd, Cebu Air Inc, and InterGlobe Aviation Ltd is fierce. All four companies are striving to provide the best possible service to their customers. Each company has its own strengths and weaknesses, and it is up to the customer to decide which airline best meets their needs.
– Korean Air Lines Co Ltd ($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 reported a decline in total system passengers and capacity for May. The decrease was due to the pandemic situation, which has caused a large drop in leisure travel demand. Despite the drop, Allegiant Travel is well-prepared to face future challenges and has taken steps to strengthen its liquidity position.
The company has implemented cost-cutting measures to reduce expenses and ensure sustainable operations. Investors should keep an eye on the company’s financial performance in the upcoming quarters, as well as the health of the airline industry as a whole, to identify potential opportunities.
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