Last $153.82 USD
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As of 8:10 PM 05/5/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1201 North Town Center Drive

Las Vegas, NV 89144

United States

Phone: 702-851-7300

Fax:

Allegiant Travel Company, a leisure travel company, focuses on providing travel services and products to residents of under-served cities in the United States. The company operates a passenger airline marketed to leisure travelers in under-served cities, allowing the company to sell air transportation both on a stand-alone basis and bundled with the sale of air-related and third party services and products. In addition, the company provides air transportation under fixed fee flying arrangements. Scheduled Service Air Transportation The company provides scheduled air transportation on limited-frequency nonstop flights primarily between under-served cities and popular leisure destinations. As of February 1, 2016, the company’s operating fleet consisted of 51 MD-80 aircraft, 26 A320 series aircraft, and 5 Boeing 757-200 aircraft providing service on 294 routes to 104 cities. Based on recent announcements, the company expects service would expand to 322 routes and 111 cities by August 2016. Air-related Ancillary Products and Services The company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. These optional air-related services and products include a customer convenience fee, baggage fees, advance seat assignments, the company’s own travel protection product, change fees, use of its call center for purchases, priority boarding, food and beverage purchases on board, and other air-related services. Third Party Ancillary Products and Services The company offers third party travel products, such as hotel rooms, ground transportation (rental cars and hotel shuttle products) and attractions (show tickets) for sale to its passengers. Fixed Fee Contract Air Transportation The company provides air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis. Other Revenue The company, and might choose to in the future, temporarily acts as a lessor as an avenue to acquire aircraft or engines. Upon the expiration of a lease, the company would expect to operate the asset(s) itself. The company provides service to the leisure destinations of Las Vegas, Nevada; Orlando, Florida; Phoenix, Arizona; Tampa/St. Petersburg, Florida; Los Angeles, California; Ft. Lauderdale, Florida; Punta Gorda, Florida; the San Francisco Bay Area, California; Honolulu, Hawaii; Palm Springs, California; Austin, Texas; New Orleans, Louisiana; Jacksonville, Florida; Savannah/Hilton Head, Georgia; and West Palm Beach, Florida. The company also provides service on a seasonal basis to San Diego, California, and Myrtle Beach, South Carolina; and would commence service to Baltimore/Washington, DC and Destin, Florida in the spring of 2016. Ancillary Product Offerings The company’s third party product offerings give its customers the opportunity to purchase hotel rooms, rental cars, airport shuttle service, show tickets, and other attractions. The company’s third party offerings are available to customers based on its agreements with various travel and leisure companies. The company has an agreement with Enterprise Holdings Inc. for the sale of rental cars packaged with air travel. Marketing and Distribution The company’s Website is its primary distribution method, and the company also sells through its call center and at its airport ticket counters. In addition, the company markets products and services to its customers during their flight. Government Regulation The company is subject to federal, state and local laws affecting the airline industry and to extensive regulation by the U.S. Department of Transportation, the Federal Aviation Administration, and other governmental agencies. The company is subject to the Federal Communications Commission, the Environmental Protection Agency, and the Occupational Safety and Health Administration requirements. Competition The company competes with Southwest Airlines on 33 routes, Delta Airlines on 8 routes, Frontier Airlines on 6 routes, American Airlines on 5 routes, Spirit Airlines on 3 routes, Hawaiian Airlines and JetBlue Airlines on 2 routes each, and Alaska Airlines and United Airlines on 1 route each. Indirectly, the company competes with Southwest, American, and Delta. History Allegiant Travel Company was founded in 1997.

 

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Price/Earnings 11.9x
Price/Sales 2.1x
Price/Book 7.7x
Price/Cash Flow 8.3x
TEV/Sales 1.3x
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