ALGT - Allegiant Travel Company Stock Fails To Impress: Is There Upside?
2024-05-10 00:08:31 ET
Summary
- Allegiant Travel Company's first quarter results beat analyst estimates by $11.18 million on the top line and $0.12 on EPS.
- The company's new Sunseeker Resort is facing challenges in its initial stages, but has potential for growth.
- ALGT's performance in the airline segment was underwhelming, with declining revenues and increasing costs.
In December 2023, Allegiant Travel Company (ALGT) opened its much awaited Sunseeker Resort, diversifying Allegiant's business, which prior to the opening was primarily focused on passenger transport and, to a lesser extent, resort related revenues....
Allegiant Travel Company Stock Fails To Impress: Is There Upside?