Allegiant Travel 株価情報 (NASDAQ: ALGT)

最新ニュース Allegiant Travel (NASDAQ:ALGT) 株価情報

Allegiant Travel

Allegiant Travel Co 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's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Allegiant Travel Co

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NNE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/10/25</td>
<td>$26.00</td>
<td>$26.7K</td>
<td>251</td>
<td align="right">521</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$46.4K</td>
<td>8.0K</td>
<td align="right">297</td>
</tr>
<tr>
<td>KULR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$4.50</td>
<td>$49.9K</td>
<td>365</td>
<td align="right">234</td>
</tr>
<tr>
<td>ALGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$25.1K</td>
<td>531</td>
<td align="right">161</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$57.50</td>
<td>$54.3K</td>
<td>449</td>
<td align="right">77</td>
</tr>
<tr>
<td>UNP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$230.00</td>
<td>$49.5K</td>
<td>484</td>
<td align="right">74</td>
</tr>
<tr>
<td>POWL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$220.00</td>
<td>$58.0K</td>
<td>36</td>
<td align="right">20</td>
</tr>
<tr>
<td>ODFL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$190.00</td>
<td>$26.8K</td>
<td>612</td>
<td align="right">20</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$250.00</td>
<td>$102.2K</td>
<td>1.0K</td>
<td align="right">11</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$350.00</td>
<td>$25.5K</td>
<td>16</td>
<td align="right">2</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NNE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on January 10, 2025. This event was a transfer of 300 contract(s) at a $26.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $89.0 per contract. There were 251 open contracts at this strike prior to today, and today 521 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a put option sweep with neutral sentiment. It expires in 79 day(s) on March 21, 2025. Parties traded 180 contract(s) at a $150.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.4K, with a price of $258.0 per contract. There were 8099 open contracts at this strike prior to today, and today 297 contract(s) were bought and sold. 
• For KULR (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>), we notice a call option trade that happens to be bearish, expiring in 744 day(s) on January 15, 2027. This event was a transfer of 208 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $49.9K, with a price of $240.0 per contract. There were 365 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold. 
• Regarding ALGT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on January 17, 2025. Parties traded 37 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $680.0 per contract. There were 531 open contracts at this strike prior to today, and today 161 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a put option sweep that happens to be bearish, expiring in 380 day(s) on January 16, 2026. This event was a transfer of 74 contract(s) at a $57.50 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $54.3K, with a price of $735.0 per contract. There were 449 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• For UNP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), we notice a put option sweep that happens to be bearish, expiring in 380 day(s) on January 16, 2026. This event was a transfer of 26 contract(s) at a $230.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1915.0 per contract. There were 484 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold. 
• Regarding POWL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), we observe a call option trade with bearish sentiment. It expires in 51 day(s) on February 21, 2025. Parties traded 20 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $2900.0 per contract. There were 36 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• Regarding ODFL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), we observe a put option trade with bullish sentiment. It expires in 16 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $1340.0 per contract. There were 612 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on January 17, 2025. Parties traded 9 contract(s) at a $250.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $102.2K, with a price of $11360.0 per contract. There were 1071 open contracts at this strike prior to today, and today 11 contract(s) were bought and sold. 
• For AXON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), we notice a call option trade that happens to be bearish, expiring in 170 day(s) on June 20, 2025. This event was a transfer of 1 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $25520.0 per contract. There were 16 open contracts at this strike prior to today, and today 2 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ALGT

AXON

KULR

ODFL

POWL

10 Industrials Stocks Whale Activity In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Northland Capital Markets cut the price target for Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) from $20 to $18. Northland Capital Markets analyst Tim Savageaux maintained an Outperform rating. <a href="https://www.benzinga.com/quote/AAOI/analyst-ratings">Applied Optoelectronics shares closed at $37.74 on Friday. See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) price target from $3 to $7. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. BigBear.ai shares closed at $4.21 on Friday. See how other analysts view this stock.</li>
<li>Baird slashed the price target for Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) from $84 to $72. Baird analyst Craig Kennison maintained an Outperform rating. Polaris shares closed at $57.43 on Friday. <a href="https://www.benzinga.com/quote/PII/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James raised the price target for Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) from $75 to $110. Raymond James analyst Savanthi Syth maintained an Outperform rating. Allegiant Travel shares closed at $91.11 on Friday. See how other analysts view this stock.</li>
<li>Raymond James boosted SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) price target from $114 to $120. Raymond James analyst Savanthi Syth maintained an Outperform rating. SkyWest shares settled at $101.26 on Friday. <a href="https://www.benzinga.com/quote/SKYW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James increased United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) price target from $90 to $120. Raymond James analyst Savanthi Syth maintained an Outperform rating. United Airlines shares closed at $99.65 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James raised Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) price target from $36 to $40. Raymond James analyst Savanthi Syth maintained an Outperform rating. Southwest shares closed at $34.04 on Friday.  <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets raised the price target for Ondas Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) from $1.5 to $4. Northland Capital Markets analyst Michael Latimore maintained an Outperform rating. Ondas Holdings shares settled at $2.59 on Friday. <a href="https://www.benzinga.com/quote/ONDS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Lake Street cut TechTarget, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) price target from $36 to $24. Lake Street analyst Eric Martinuzzi maintained a Buy rating. TechTarget shares closed at $19.48 on Monday. <a href="https://www.benzinga.com/quote/TTGT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Enanta Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTA#NASDAQ">ENTA</a>) price target from $27 to $18. HC Wainwright &amp; Co. analyst Ed Arce maintained a Buy rating. Enanta Pharmaceuticals shares closed at $6.37 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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United Airlines To Rally More Than 20%? Here Are Top Analyst Forecasts For Monday

In the latest quarter, 10 analysts provided ratings for Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $70.0, a high estimate of $110.00, and a low estimate of $42.00. This upward trend is evident, with the current average reflecting a 29.1% increase from the previous average price target of $54.22.
<img src="https://www.benzinga.com/files/images/story/2024/1735563636_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Allegiant Travel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$70.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Ravi Shanker</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Catherine O'Brien</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$83.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$42.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Allegiant Travel. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Allegiant Travel compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Allegiant Travel's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Allegiant Travel's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegiant Travel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Allegiant Travel: A Closer Look</h2>
Allegiant Travel Co 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's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.
<h3>Financial Insights: Allegiant Travel</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Allegiant Travel faced challenges, resulting in a decline of approximately -0.56% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Allegiant Travel's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -6.54%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Allegiant Travel's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.79%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Allegiant Travel's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Allegiant Travel's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.75.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Allegiant Travel: 10 Analysts Share Their Views

Raymond James analyst Savanthi Syth maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Outperform and raises the price target from $75 to $110.

Price Target

Raymond James Maintains Outperform on Allegiant Travel, Raises Price Target to $110

TD Cowen analyst Helane Becker maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Hold and raises the price target from $50 to $70.

TD Cowen Maintains Hold on Allegiant Travel, Raises Price Target to $70

During the last three months, 8 analysts shared their evaluations of Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $65.0, a high estimate of $90.00, and a low estimate of $42.00. This upward trend is evident, with the current average reflecting a 25.34% increase from the previous average price target of $51.86.
<img src="https://www.benzinga.com/files/images/story/2024/1733936435_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Allegiant Travel by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ravi Shanker</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Catherine O'Brien</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$83.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$42.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Allegiant Travel. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Allegiant Travel compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Allegiant Travel's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Allegiant Travel's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ALGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegiant Travel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Allegiant Travel's Background</h2>
Allegiant Travel Co 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's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.
<h3>Allegiant Travel: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Allegiant Travel faced challenges, resulting in a decline of approximately -0.56% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Allegiant Travel's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -6.54%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Allegiant Travel's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -2.79%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Allegiant Travel's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Allegiant Travel's debt-to-equity ratio is below the industry average at 1.75, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

8 Analysts Have This To Say About Allegiant Travel

Morgan Stanley analyst Ravi Shanker maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Equal-Weight and raises the price target from $80 to $90.

Morgan Stanley Maintains Equal-Weight on Allegiant Travel, Raises Price Target to $90

The Airline Offers New Low-Cost Travel Options to Popular Destinations in 51 Cities

Reported Earlier, Allegiant Expands Nationwide With 44 Routes And $39 Fares, Adding Gulf Shores, Columbia, And Colorado Springs

Goldman Sachs analyst Catherine O'Brien reinstates Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Neutral and announces $83 price target.

Initiation

Goldman Sachs Reinstates Neutral on Allegiant Travel, Announces $83 Price Target

During the last three months, 6 analysts shared their evaluations of Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.83, along with a high estimate of $75.00 and a low estimate of $42.00. This upward trend is apparent, with the current average reflecting a 22.6% increase from the previous average price target of $47.17.
<img src="https://www.benzinga.com/files/images/story/2024/1731607242_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Allegiant Travel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$42.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Allegiant Travel. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Allegiant Travel compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Allegiant Travel's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Allegiant Travel's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegiant Travel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Allegiant Travel</h2>
Allegiant Travel Co 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's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.
<h3>Financial Insights: Allegiant Travel</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Allegiant Travel's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -0.56%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -6.54%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Allegiant Travel's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.79%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Allegiant Travel's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.75, Allegiant Travel adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 6 Analysts Discuss Allegiant Travel Stock

Barclays analyst Brandon Oglenski maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Equal-Weight and raises the price target from $50 to $75.

Barclays Maintains Equal-Weight on Allegiant Travel, Raises Price Target to $75

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Shares of companies within the broader industrial sector are trading higher after Donald Trump won the 2024 presidential election.

Susquehanna analyst Christopher Stathoulopoulos maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Neutral and raises the price target from $55 to $60.

Susquehanna Maintains Neutral on Allegiant Travel, Raises Price Target to $60

Barclays analyst Brandon Oglenski maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Equal-Weight and raises the price target from $45 to $50.

Barclays Maintains Equal-Weight on Allegiant Travel, Raises Price Target to $50

General

Allegiant Travel shares are trading lower after the company reported worse-than-expected Q3 financial results.

Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) reported quarterly losses of $(2.05) per share which missed the analyst consensus estimate of $(1.93) by 6.22 percent. The company reported quarterly sales of $562.20 million which missed the analyst consensus estimate of $565.08 million by 0.51 percent. This is a 0.56 percent decrease over sales of $565.36 million the same period last year.

Earnings

Earnings Misses

Allegiant Travel Q3 2024 Adj EPS $(2.05) Misses $(1.93) Estimate, Sales $562.20M Miss $565.08M Estimate

As global airlines navigate shifting demand and rising operational costs, many are scaling back flights to China or pulling out entirely.
<a target="_blank" href="https://www.cnbc.com/2024/10/25/china-sees-global-airlines-cut-flights-or-quit-totally-amid-weak-demand.html" rel="noreferrer noopener">According to CNBC</a>, Virgin Atlantic and Scandinavian Airlines have withdrawn from the Chinese market, citing high costs on extended routes and reduced demand.
Following the closure of Russian airspace, European carriers face increased expenses on longer routes to Asia, while Chinese airlines, unaffected by these restrictions, maintain direct and cheaper flights.
In response, European airlines are reallocating resources to more profitable routes. British Airways, for instance, has seen higher load factors on flights to Cape Town compared to those to China, CNBC writes.
While the closure of Russian airspace adds costs, weak demand stemming from China's economic slowdown and limited international interest in travel to China has also prompted these shifts.
A few days ago, reports emerged that <a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco" rel="noreferrer noopener">China plans to issue 6 trillion yuan ($850 billion)</a> in special treasury bonds over the next three years to stimulate its slowing economy and help local governments manage hidden debt.
While hints of fiscal support initially lifted investor sentiment, the absence of a comprehensive economic package has disappointed traders, leading to a recent downturn in U.S.-listed Chinese stocks.
U.S. airlines are also scaling back services to China but maintain minimal routes to preserve market presence.
Chinese carriers are near pre-pandemic capacity internationally (90%), while foreign airlines have reduced to 60% of 2019 levels, often attributing this to overcapacity and competition.
Meanwhile, Middle Eastern carriers, such as Emirates and Gulf Air, continue expanding routes to China, while flights from India and the U.S. remain limited due to political and regulatory challenges.
With demand low and facing route restrictions, U.S. airlines have redirected capacity within the Asia-Pacific region, urging the U.S. government to cap Chinese carriers' access and restore competitive balance, <a target="_blank" href="https://www.asiafinancial.com/less-foreign-airlines-flying-to-china-as-local-carriers-expand" rel="noreferrer noopener">mentioned Asia Financial</a>.
The trouble for U.S.-based carriers doesn't end at low demand from China. The <a target="_blank" href="https://www.benzinga.com//node/41524809" rel="noreferrer noopener">structural issues</a> with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) have led to delayed aircraft deliveries, affecting capacity expansion.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41533977" rel="noreferrer noopener">Boeing Reports $6B Q3 Loss: ‘This Is The Bottom,' Says Analyst</a>
Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) shares fell Thursday despite the airline reporting better-than-expected third-quarter earnings and reaching a pivotal agreement with activist investor Elliott Investment Management.
While the Elliott deal <a href="https://www.benzinga.com/news/earnings/24/10/41523606/southwest-shares-drop-despite-strong-earnings-elliott-deal-ceo-warns-of-boeing-delivery-delays-if-s" target="_blank" rel="noreferrer noopener">resolves internal management</a> issues, Southwest still faces external challenges related to the Boeing strike. Southwest CEO Bob Jordan told CNBC that the ongoing strike at represents a potential risk to aircraft deliveries planned for 2025.
Photo via Shutterstock

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Trouble For US Airlines: China Demand Slump, Boeing Strike, Global Carriers Shifting Focus

Hurricane Milton has wreaked havoc on the state of Florida and closed multiple airports in the region, leading to thousands of flight cancellations <a href="https://www.benzinga.com/topic/hurricane-milton">due to the hurricane.</a>
Flight Cancellations: The airline sector is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41254312/hurricane-milton-descends-on-florida-analysts-warn-of-impact-on-disney-nexteras-flo">one of many </a>that could experience a short-term and long-term negative impact from the destruction of Hurricane Milton, which made landfall in Florida Wednesday night.
Over 3,000 flights have been canceled and delayed as of Thursday morning, <a href="https://www.nbcnews.com/weather/hurricanes/live-blog/hurricane-milton-live-updates-rcna174774">according </a>to NBC News. Reporter Tom Costello said the number could grow as the airports closed in Florida are having a ripple effect on other airports across the nation.
NBC showed the following airports in Florida closed:
<ul>
<li>St. Petersburg/Clearwater (PIE)</li>
<li>Tampa (TPA)</li>
<li>Orlando (MCO)</li>
<li>Southwest Florida (in Fort Myers) (RSW)</li>
<li>Sarasota Bradenton (SRQ)</li>
<li>Palm Beach (PBI)</li>
</ul>
Costello noted that while other Florida airports such as Miami are open, the hurricane is causing cancellations and delays at that airport. The Flightaware Misery Map <a href="https://www.flightaware.com/miserymap/">showed </a>Miami as the airport with the most cancellations and delays Thursday among open airports.
The airport closures come ahead of Monday's Columbus Day holiday and during the High Holy Days, which make for a busy travel week.
Costello said he expects the airports to be open by the weekend and back to normal operations.
"The big variable is going to be how much damage these individual airports have suffered," Costello said.
The Tampa International Airport <a href="https://news.tampaairport.com/tpa-damage-assessments-underway-following-hurricane-milton/">said </a>Thursday it was conducting an "assessment of conditions" at the airport and airfield to determine when it could "safely reopen."
Read Also: <a href="https://www.benzinga.com/news/24/10/41266095/hurricane-milton-knocks-out-power-for-over-2m-in-florida-nextera-energy-duke-energy-and-tampa-electr">Hurricane Milton Knocks Out Power For Over 2M In Florida, NextEra Energy, Duke Energy, And Tampa Electric Report Major Outages</a>
Companies Most Impacted: Airline companies throughout the U.S. are likely to be negatively impacted from Hurricane Milton with cancellations and delays leading to refunds and vouchers.
The Orlando airport is the busiest impacted and could have the largest affect on airlines. The airport served 57.7 million passengers in 2023, ranking first in Florida and seventh in the U.S., as <a href="https://simpleflying.com/orlando-airport-top-airlines/">reported </a>by Simple Flying.
According to the report, these are the largest airlines for the airport based on market share:
<ol>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>): 25%</li>
<li>Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>): 14%</li>
<li>Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>): 12%</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>): 11%</li>
<li>Frontier Group Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulcc#NASDAQ">ULCC</a>): 10%</li>
<li>American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>): 9%</li>
<li>United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>): 7%</li>
</ol>
These seven airlines could see the biggest impact from the Orlando airport closing. The airports in Tampa and Southwest Florida (Fort Myers) also rank among the busiest airports in Florida.
Other large operators at Florida airports include Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) and Sun Country Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCY#NASDAQ">SNCY</a>), although these airlines could be less impacted by the hurricane and the flight cancellations.
Investors should also monitor the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), which tracks the overall airline sector and could be highly volatile if the airports face extended closures and cancellations.
The impact on Spirit Airlines could be particularly noteworthy as the company is <a href="https://www.benzinga.com/news/24/10/41182466/spirit-airlines-drops-over-40-amid-bankruptcy-discussions">reportedly exploring bankruptcy. </a>
Read Next: 
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<li><a href="https://www.benzinga.com/general/social-media/24/10/41260997/white-house-joins-reddit-once-a-waffle-house-idea-now-source-for-critical-information-and-hu">White House Joins Reddit: Once A Waffle House Idea, Now Source For &#8216;Critical Information&#8217; And Hurricane Milton Updates</a></li>
</ul>
Photo: Tampa International Airport, photo by Feng Cheng via Shutterstock

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Hurricane Milton Closes Multiple Florida Airports, Over 3,000 Flights Canceled And Delayed: 10 Airline Stocks That Could Be Hit Hardest

Susquehanna analyst Christopher Stathoulopoulos maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Neutral and raises the price target from $40 to $55.

Susquehanna Maintains Neutral on Allegiant Travel, Raises Price Target to $55

Airline stocks have endured a <a href="https://www.benzinga.com/news/24/10/41124443/whats-going-on-with-delta-united-and-spirit-airlines-shares-tuesday">year of turbulence</a>, reflected by wild swings in share price, industry expectations and earnings. Recent insider trades of airline companies could indicate where the industry will head next.
The Trades: <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga Edge compiles information </a>on insider trade filings.
Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) experienced a <a href="https://www.benzinga.com/markets/equities/24/10/41156975/southwest-airlines-director-rakesh-gangwal-invests-over-100m-in-shares-amid-elliott-managements-">flurry of insider activity</a> in recent days. Director Rakesh Gangwal invested over $100,000,000 in Southwest shares in late September and early October. Executive Chairman Gary C Kelly <a href="https://www.benzinga.com/quote/LUV/insider-trades">bought $1,000,000 of Southwest</a> shares in late September.
Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is the largest American airline company. The Atlanta-based giant experienced several insider sales in early 2024. President Glen W Hauenstein sold $4,904,600 in Delta stock in April, over 30% of his total holding. Executive Vice President Peter W Carter sold $2,500,000 of Delta shares that month, over 25% of his position.
Delta has experienced a volatile year. Its share price rose over 30% from January to mid-May, but a subsequent drawdown erased much of its gains. A recovery followed from August to late September.
Several Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) executives <a href="https://www.benzinga.com/quote/ALGT/insider-trades">have sold shares</a> in 2024. Chief Marketing Officer Scott DeAngelo sold over $1,000,000 in Allegiant stock in May. DeAngelo has since <a href="https://ir.allegiantair.com/news/news-details/2024/Allegiant-Announces-Resignation-of-Executive-Vice-President-and-Chief-Marketing-Officer-Scott-DeAngelo/default.aspx">resigned</a> from the company. Chief Operating Officer Frank Wilper and Director Gary Ellmer also made sales in the spring and summer.
Why it Matters: Insider trading activity is often viewed as a valuable indicator of a company's future prospects. When top executives or board members buy or sell shares, it can signal their confidence—or lack thereof—in the company's performance. In the case of airline stocks, this insider movement may be especially relevant as the industry navigates a turbulent environment marked by fluctuating demand, rising fuel costs, and post-pandemic recovery.
For investors, tracking these insider trades provides a critical lens into how industry leaders perceive future risks and opportunities, which can guide their own strategies in an increasingly volatile market.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/09/41053573/hurricane-helene-disrupts-flights-sports-events-disney-operations-affected-regions-stocks-to-watch">Hurricane Helene Disrupts Flights, Sports Events, Disney Operations: Affected Regions, Stocks To Watch</a></li>
</ul>
Photo: Tupungato/Shutterstock.com

Insider Trades

Will Airlines Soar Or Stall? What Insider Trades Say About Industry's Future

Deutsche Bank raised the firm's price target on Allegiant Travel (ALGT) to $85 from $53 and keeps a Hold rating on the shares. For 2025, the firm r...

Allegiant Travel price target raised to $85 from $53 at Deutsche Bank

CPI read: Airfares in the U.S. keep rising

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Reports November scheduled service passengers down 6.9%, available seat miles, or ASM, down 1.7% at 1.11M and scheduled service load factor down 3....

Allegiant Travel reports November 2024 total system passengers down 6.5%

Consensus for Q4 EPS is 67c. Raises Q4 system ASMss guidance to up 1.9% from up 1.5%. Published first on TheFly – the ultimate source for real-time...

Allegiant Travel raises Q4 adjusted EPS view to $1.75-$2.25 from 0c-$1.00

Allegiant Travel raises Q4 EPS outlook

Barclays analyst Brandon Oglenski assigned a Hold rating to Allegiant Travel Company (ALGT – Research Report) today and set a price target of $85.0...

Allegiant Travel Company (ALGT) Receives a Hold from Barclays

Analysts fell to the sidelines weighing in on Allegiant Travel Company (ALGT – Research Report) and Watts Water Technologies (WTS – Research Report...

Analysts Are Neutral on These Industrial Goods Stocks: Allegiant Travel Company (ALGT), Watts Water Technologies (WTS)

Spirit shareholders lose fight for compensation in bankruptcy court

Raymond James raised the firm's price target on Allegiant Travel (ALGT) to $110 from $75 and keeps an Outperform rating on the shares as part of a ...

Allegiant Travel price target raised to $110 from $75 at Raymond James

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Allegiant Reports July 2024 Traffic

Allegiant Announces Resignation of Executive Vice President and Chief Marketing Officer Scott DeAngelo

Allegiant Reports August 2024 Traffic

Allegiant Releases 2023 Sustainability Report

ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2024 EARNINGS CALL

Allegiant Reports September 2024 Traffic

ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2024 FINANCIAL RESULTS

Allegiant Reports October 2024 Traffic

Allegiant Ties Record for Largest Expansion in Company History with 44 New Nonstop Routes, plus 3 New Cities

Allegiant Reports November 2024 Traffic

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