ALLEGIANT TRAVEL COMPANY

(ALGT)
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09:31aAllegiant travel company completes senior secured debt refinancing
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08/17ALLEGIANT TRAVEL CO : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)
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08/17Allegiant Travel Company Issues $550.0 Million in Aggregate Principal Amount of Its 7.250% Senior Secured Notes Due 2027
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U.S. airline Allegiant sees strong demand lasting beyond summer

06/17/2022 | 09:14am EDT
FILE PHOTO - An Allegiant Air passenger jet takes off from the Monterey airport

(Reuters) - Leisure airline Allegiant Travel Co said on Friday bookings beyond the summer travel season were trending above pre-pandemic levels, an early sign that demand was holding steady in the face of rising inflation.

The U.S. airline industry has been bullish about its prospects this year, with Delta Air Lines Inc and United Airlines saying that a switch in consumer spending to services from goods would keep their businesses humming despite the highest price pressures in four decades.

"Demand strength continues to persist with forward bookings outpacing future capacity growth," Allegiant said in a statement.

But the airline expects current-quarter revenue to be at the low end of its previous forecast as a rise in COVID cases starting in mid-May forced it to cancel some flights.

Operating revenue for the second quarter will likely rise about 28% from pre-pandemic levels, compared with a prior view of a 28% to 32% rise, it said.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALLEGIANT TRAVEL COMPANY -0.80% 105.135 Delayed Quote.-43.34%
DELTA AIR LINES, INC. -0.91% 34.23 Delayed Quote.-11.62%
UNITED AIRLINES HOLDINGS, INC. -1.07% 38.5299 Delayed Quote.-11.01%
All news about ALLEGIANT TRAVEL COMPANY
09:31aAllegiant travel company completes senior secured debt refinancing
PR
08/17ALLEGIANT TRAVEL CO : Entry into a Material Definitive Agreement, Creation of a Direct Fin..
AQ
08/17Allegiant Travel Company Issues $550.0 Million in Aggregate Principal Amount of Its 7.2..
CI
08/16Allegiant to Move Digital Platforms to Navitaire's Cloud-Based Platform in Early 2023
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08/15Melius Research Initiates Coverage of Allegiant Travel Company With Hold Rating, $110 P..
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08/15NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
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08/12Wolfe Research Downgrades Allegiant Travel to Peer Perform From Outperform
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08/11Allegiant Prices Upsized $550 Million Notes Offering
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08/10Allegiant travel company prices upsized $550 million offering of senior secured notes
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08/10Allegiant Travel Company Agrees to Sell $550.0 Million in Aggregate Principal Amount of..
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Financials (USD)
Sales 2022 2 281 M - -
Net income 2022 24,5 M - -
Net Debt 2022 1 462 M - -
P/E ratio 2022 78,4x
Yield 2022 -
Capitalization 1 908 M 1 908 M -
EV / Sales 2022 1,48x
EV / Sales 2023 1,23x
Nbr of Employees 5 226
Free-Float 61,9%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 105,98 $
Average target price 154,33 $
Spread / Average Target 45,6%
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Managers and Directors
John T. Redmond Chief Executive Officer & Director
D. Scott Sheldon Co-President & Chief Operating Officer
Gregory Clark Anderson Co-President, Chief Financial & Accounting Officer
Maurice J. Gallagher Executive Chairman
Robert P. Wilson Senior Vice President-Information Systems
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