Allegiant Travel Company Third Quarter 2019 Financial Results

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Allegiant Travel (ALGT) Tops Q3 EPS by 52c; Raises Outlook

October 24, 2019 4:09 PM EDT

Allegiant Travel (NASDAQ: ALGT) reported Q3 EPS of $2.70, $0.52 better than the analyst estimate of $2.18. Revenue for the quarter came in at $436.5 million versus the consensus estimate of $429.76 million.

GUIDANCE:

Allegiant Travel sees FY2019 EPS of $14.25-$14.75, versus the consensus of $13.63.

"I couldn't be happier about our post-fleet transition results with our third consecutive quarter of airline margin expansion," stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "This is our 67th... More