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Recap: Allegiant Travel Q2 Earnings

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Benzinga Insights
·1 min read
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Shares of Allegiant Travel (NASDAQ:ALGT) decreased 0.19% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 223.91% year over year to ($5.96), which missed the estimate of ($5.49).

Revenue of $133,347,000 declined by 72.88% year over year, which beat the estimate of $104,390,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Allegiant Travel hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 29, 2020

View more earnings on ALGT

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/k4h8cur7

Recent Stock Performance

52-week high: $183.26

Company's 52-week low was at $60.06

Price action over last quarter: Up 47.83%

Company Description

Allegiant Travel provides travel services in the United States. It sells air transportation on a stand-alone basis, or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company operates under one business segment, and does not separately track expenses for scheduled service and fixed-fee arrangements. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center. It does not sell products or tickets through outside sales channels.

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