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{{Short description|American travel and hospitality company}}
{{Infobox company
{{Infobox company
| name = Allegiant Travel Company
| name = Allegiant Travel Company
| logo =
| logo = Allegiant Air logo.svg
| logo_size =
| logo_size = 192
| logo_alt =
| logo_caption =
| image =
| image =
| image_size =
| image_size =
Line 11: Line 10:
| trade_name =
| trade_name =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|ALGT}}<br>[[List of S&P 600 companies|S&P 600]] component
| traded_as = [[Nasdaq]]: [https://www.nasdaq.com/market-activity/stocks/algt ALGT]
| industry = [[Tourism]]
| industry = {{hlist|[[Air travel]]|[[Hospitality industry|hospitality]]|[[entertainment]]}}
| founded = 1999
| founded = {{start date and age|1999}}
| founder = <!-- or: | founders = -->
| founder = <!-- or: | founders = -->
| hq_location =
| hq_location =
| hq_location_city = [[Summerlin]], [[Nevada]]
| hq_location_city = [[Summerlin, Nevada]]
| hq_location_country = [[United States|U.S.A.]]
| hq_location_country = United States
| key_people = {{Show by date|2024|9|1|[[Maurice J. Gallagher Jr.]] ([[Chief executive officer|CEO]] until Aug. 31)<br>[[Gregory C. Anderson]] ([[President (corporate title)|President]], CEO after Sept. 1)|[[Gregory C. Anderson]] ([[President (corporate title)|President]] and [[Chief executive officer|CEO]])|hour=-7}}
| key_people = [[Maurice J. Gallagher Jr.]]<br><small>(Chairman and [[CEO]])</small>
| products =
| products =
| brands =
| brands =
| services =
| services =
| revenue = {{unchanged}} {{US$|611,002,000|link=yes}} (2023)
| revenue =
| operating_income = {{decrease}} {{US$|10,612,000}} (2023)
| revenue_year = <!-- Year of revenue data (if known) -->
| net_income = {{decrease}} {{US$|{{Color|red|(1,956,000)}}}} (2023)
| operating_income =
| income_year = <!-- Year of operating_income data (if known) -->
| net_income = <!-- or: | profit = -->
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) -->
| aum = <!-- Only for financial-service companies -->
| assets =
| assets =
| assets_year = <!-- Year of assets data (if known) -->
| equity =
| equity =
| num_employees = {{increase}} 5,643 (2023)
| equity_year = <!-- Year of equity data (if known) -->
| subsid = {{Unbulleted list
| owner = <!-- or: | owners = -->
| [[Allegiant Air]]
| members =
| Sunseeker Resorts
| members_year = <!-- Year of members data (if known) -->
}}
| num_employees =
| website = {{URL|https://www.allegiantair.com/|allegiantair.com}}
| num_employees_year = <!-- Year of num_employees data (if known) -->
| footnotes = <ref>{{Cite web |date=February 5, 2023 |title=FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS |url=https://www.sec.gov/Archives/edgar/data/1362468/000136246824000004/a2023q48-kex991.htm |access-date=February 7, 2023 |website=www.sec.gov}}</ref>
| divisions =
| subsid = {{hlist|[[Allegiant Air]]|Sunseeker Resorts|Allegiant Nonstop}}
| website = {{URL|https://www.allegiantair.com/}}
| footnotes =
}}
}}


The '''Allegiant Travel Company''' is an American travel and hospitality company that is the parent of Allegiant Air.
The '''Allegiant Travel Company''' is an American airline holding and hospitality company headquartered in [[Las Vegas|Las Vegas, Nevada.]] The company owns the airline [[Allegiant Air]] and Sunseeker Resorts.


==History==
==History==
The Allegiant Travel Company was founded in 1999<ref name="Screener">{{cite news |date=November 12, 2019 |title=Allegiant Travel : Announces Five New Routes With One-Way Fares As Low As $55| access-date=29 March 2020 |url=https://www.marketscreener.com/ALLEGIANT-TRAVEL-COMPANY-38694/news/Allegiant-Travel-Announces-Five-New-Routes-With-One-Way-Fares-As-Low-As-55-29563120/ |newspaper=Market Screener }}</ref> as the parent company of Allegiant Air,<ref name="LVSun2009">{{cite news |last=Velotta |first=Richard N. |date=15 May 2009 |title=Las Vegas-based Allegiant sets sights on – no kidding – Cuba | access-date=29 March 2020|url=https://lasvegassun.com/news/2009/may/15/lv-based-allegiant-sets-sights-no-kidding-cuba/ |newspaper=Las Vegas Sun }}</ref> which itself had been founded in 1997.<ref name="NYT2006"/> Initially based out of [[Fresno]], [[California]], the company reorganized in 2000 with [[Maurice J. Gallagher Jr.]] gaining an almost 20 percent stake in the company. He had previously been a prominent creditor of Allegiant and was one of the co-founders of [[ValuJet Airlines]].<ref name="Salt2013">{{cite news |date=28 June 2013 |title=Tiny Allegiant Air thrives by catering to small-town America|access-date=29 March 2020 |url=https://archive.sltrib.com/article.php?id=56528118&itype=cmsid |newspaper=The Salt Lake Tribune }}</ref>

In May 2006, Allegiant Travel Company filed plans for an [[initial public offering]] (IPO).<ref name="WeeklyMay2006">{{cite news |last=Compart |first=Andrew |date=19 May 2006 |title=Allegiant Air's parent files plan for IPO |access-date=16 June 2020 |url=https://www.travelweekly.com/Travel-News/Airline-News/Allegiant-Air-s-parent-files-plan-for-IPO |work=Travel Weekly }}</ref> It officially began trading on the Nasdaq exchange under the stock ticker symbol, ALGT, in December of that year.<ref name="Reuters">{{cite news |last=Kim |first=Yung |date=January 20, 2007 |title=Allegiant Travel shares climb in debut| access-date=16 June 2020|url=https://www.reuters.com/article/us-allegiant-ipo/allegiant-travel-shares-climb-in-debut-idUSN0838998220061209 |publisher=Reuters }}</ref>

By 2019, Allegiant Travel's primary subsidiary, Allegiant Air, had switched from a fleet predominately composed of MD-80s to one exclusively composed of [[Airbus]] jets.<ref name="ReviewTriples">{{cite news |last=Segall |first=Eli |date=October 24, 2019 |title=Allegiant nearly triples profits in third quarter |access-date=16 June 2020|url=https://www.reviewjournal.com/business/allegiant-nearly-triples-profits-in-third-quarter-1877743/ |newspaper=Las Vegas Review Journal }}</ref>

==Business trends==
The key trends for the Allegiant Travel Company (including its consolidated subsidiaries) are (financial years ending December&nbsp;31):

{| class="wikitable" style="margin:auto; text-align:center;"
|-
! style="background: #01579b;" |
! style="background: #01579b;" | <span style="color:white;">2014</span>
! style="background: #01579b;" | <span style="color:white;">2015</span>
! style="background: #01579b;" | <span style="color:white;">2016</span>
! style="background: #01579b;" | <span style="color:white;">2017</span>
! style="background: #01579b;" | <span style="color:white;">2018</span>
! style="background: #01579b;" | <span style="color:white;">2019</span>
! style="background: #01579b;" | <span style="color:white;">2020</span>
! style="background: #01579b;" | <span style="color:white;">2021</span>
! style="background: #01579b;" | <span style="color:white;">2022</span>
! style="background: #01579b;" | <span style="color:white;">2023</span>
|-
| align=left|Turnover (US$m)
| 1,137
| 1,262
| 1,379
| 1,511
| 1,667
| 1,841
| 990
|1,707
|2,301
|2,509
|-
| align=left|Net profit after tax ($m)
| 87
| 220
| 220
| 198
| 161
| 232
| {{color|red|&minus;184}}
|152
|2.49
|{{color|red|&minus;2}}
|-
| align=left|Number of employees ([[Full-time equivalent|FTE]])
| 2,411
| 2,846
| 3,416
| 3,752
| 3,901
| 4,363
| 3,863
|4,458
|5,306
|5,643
|-
| align=left|Number of passengers (m)
| 8.2
| 9.5
| 11.1
| 12.3
| 13.8
| 15.0
| 8.6
|13.6
|16.8
|17.3
|-
| align=left|Passenger load factor (scheduled services)(%)
| 87.5
| 85.0
| 85.0
| 83.7
| 84.7
| 83.9
| 59.5
|70.3
|85.0
|85.9
|-
| align=left|Number of aircraft
|
|
| 84
| 89
| 76
| 91
| 95
|108
|121
|126
|-
| align=left|<small>''Notes/sources''</small>
| align="center" |<ref name="2018 Report"/>
| align="center" |<ref name="2018 Report"/>
| align="center" |<ref name="2018 Report"/>
| align="center" |<ref name="2018 Report"/>
| align="center" |<ref name="2018 Report">{{cite web |title=Annual Report 2018 Allegiant Travel Company|url=http://ir.allegiantair.com/static-files/5a0d9d7d-2492-4d6b-a36e-684ebc851666 |date=February 28, 2019 |access-date=November 1, 2019}}</ref>
| align="center" |<ref name="2020 Report"/>
| align="center" |{{efn|2020: Activities and income in fiscal 2020 were severely reduced by the impact of the [[COVID-19 pandemic|coronavirus pandemic]]}}<ref name="2020 Report">{{cite web |title=Annual Report 2020 Allegiant Travel Company|url=https://ir.allegiantair.com/static-files/6a8394f0-5cf7-450f-a909-0dafdc6d9225 |date=March 1, 2021 |access-date=December 15, 2021}}</ref>
|<ref>{{Cite web |title=Allegiant Annual Report 2021 |url=https://ir.allegiantair.com/static-files/df11a0fd-eb4a-42a6-9bff-4f0fa573abf9 |access-date=October 7, 2023 |website=Allegiant}}</ref>
|<ref>{{Cite web |title=Allegiant Annual Report 2022 |url=https://ir.allegiantair.com/static-files/62553645-e8c4-4635-a733-dafc1a41caac |access-date=October 7, 2023 |website=Allegiant}}</ref>
|<ref>{{Cite web |date=February 5, 2023 |title=FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS |url=https://www.sec.gov/Archives/edgar/data/1362468/000136246824000004/a2023q48-kex991.htm |access-date=February 7, 2023 |website=www.sec.gov}}</ref>
|-
| colspan="13" style="text-align:left;" |{{notelist}}
|}


The Allegiant Travel Company was founded in 1999<ref name="Screener">{{cite news |last= |first= |date=November 12, 2019 |title=Allegiant Travel : Announces Five New Routes With One-Way Fares As Low As $55| access-date=29 March 2020 |url=https://www.marketscreener.com/ALLEGIANT-TRAVEL-COMPANY-38694/news/Allegiant-Travel-Announces-Five-New-Routes-With-One-Way-Fares-As-Low-As-55-29563120/ |work= |newspaper=Market Screener |publisher= |location= }}</ref> as the parent company of Allegiant Air,<ref name="LVSun2009">{{cite news |last=Velotta |first=Richard N. |date=15 May 2009 |title=Las Vegas-based Allegiant sets sights on – no kidding – Cuba | access-date=29 March 2020|url=https://lasvegassun.com/news/2009/may/15/lv-based-allegiant-sets-sights-no-kidding-cuba/ |work= |newspaper=Las Vegas Sun |publisher= |location= }}</ref> which itself had been founded in 1997.<ref name="NYT2006"/> Initially based out of [[Fresno]], [[California]], the company reorganized in 2000 with [[Maurice J. Gallagher Jr.]] gaining an almost 20 percent stake in the company. He had previously been a prominent creditor of Allegiant and was one of the co-founders of [[ValuJet Airlines]].<ref name="Salt2013">{{cite news |last= |first= |date=28 June 2013 |title=Tiny Allegiant Air thrives by catering to small-town America|access-date=29 March 2020 |url=https://archive.sltrib.com/article.php?id=56528118&itype=cmsid |work= |newspaper=The Salt Lake Tribune |publisher= |location= }}</ref>


==Subsidiaries==
==Subsidiaries==
===Allegiant Air===
===Allegiant Air===
{{main|Allegiant Air}}
{{main|Allegiant Air}}
Allegiant Air was founded in 1997<ref name="NYT2006">{{cite news |last=Bailey |first=Jeff |date=September 21, 2006 |title=Flying Where Big Airlines Aren’t |access-date=26 March 2020|url=https://www.nytimes.com/2006/09/21/business/21air.html?ex=1316491200&en=e1829521d9be57c9&ei=5088&partner=rssnyt&emc=rss |work= |newspaper=The New York Times |publisher= |location= }}</ref> and is the ninth-largest commercial airline in the United States as of January 2020.<ref name="Dayton">{{cite news |last=Bush |first=John |date=January 14, 2020 |title=Airline to offer new flight from Dayton to Florida|access-date=26 March 2020|url=https://www.bizjournals.com/dayton/news/2020/01/14/airline-to-offer-new-flight-from-dayton-to-florida.html |work= |newspaper=Dayton Business Journal |publisher= |location= }}</ref> Part of Allegiant Air's business model includes earning commissions by selling passengers ancillary items like rental cars, hotel rooms, tickets to events, amusement park passes, and other add-ons.<ref name="Salt2013"/> The airline has a fleet composed of 85 Airbus jets<ref name="Skift2019">{{cite news |last=Shabat |first=Jay |date=December 4, 2019 |title=The Reinvention of Allegiant Air |access-date= 21 April 2020|url=https://skift.com/2019/12/04/the-reinvention-of-allegiant-air/ |work=Skift |newspaper= |publisher= |location= }}</ref> that serves more than 500 routes across the country.<ref name="Dayton"/>
Allegiant Air was founded in 1997<ref name="NYT2006">{{cite news |last=Bailey |first=Jeff |date=September 21, 2006 |title=Flying Where Big Airlines Aren't |access-date=26 March 2020|url=https://www.nytimes.com/2006/09/21/business/21air.html?ex=1316491200&en=e1829521d9be57c9&ei=5088&partner=rssnyt&emc=rss |newspaper=The New York Times }}</ref> and is the ninth-largest commercial airline in the United States as of January 2020.<ref name="Dayton">{{cite news |last=Bush |first=John |date=January 14, 2020 |title=Airline to offer new flight from Dayton to Florida|access-date=26 March 2020|url=https://www.bizjournals.com/dayton/news/2020/01/14/airline-to-offer-new-flight-from-dayton-to-florida.html |newspaper=Dayton Business Journal }}</ref> Part of Allegiant Air's business model includes earning commissions by selling passengers ancillary items like rental cars, hotel rooms, tickets to events, amusement park passes, and other add-ons.<ref name="Salt2013"/> The airline has a fleet composed of 85 Airbus jets<ref name="Skift2019">{{cite news |last=Shabat |first=Jay |date=December 4, 2019 |title=The Reinvention of Allegiant Air |access-date= 21 April 2020|url=https://skift.com/2019/12/04/the-reinvention-of-allegiant-air/ |work=Skift }}</ref> that serves more than 500 routes across the country.<ref name="Dayton"/>


===Sunseeker Resorts===
===Sunseeker Resorts===


Plans for the inaugural Sunseeker Resort in [[Charlotte County, Florida]] (known as Sunseeker Resort Charlotte Harbor) were announced in August 2017.<ref name="Herald2019">{{cite news |last=Dean |first=Vicki |date=March 20, 2019 |title=Charlotte County welcomes Allegiant Sunseeker Resort |access-date=26 March 2020|url= https://www.heraldtribune.com/news/20190320/charlotte-county-welcomes-allegiant-sunseeker-resort|work= |newspaper=Herald Tribune |publisher= |location= }}</ref>
Plans for the inaugural Sunseeker Resort in [[Charlotte County, Florida]] (known as Sunseeker Resort Charlotte Harbor) were announced in August 2017.<ref name="Herald2019">{{cite news |last=Dean |first=Vicki |date=March 20, 2019 |title=Charlotte County welcomes Allegiant Sunseeker Resort |access-date=26 March 2020|url= https://www.heraldtribune.com/news/20190320/charlotte-county-welcomes-allegiant-sunseeker-resort|newspaper=Herald Tribune }}</ref> Construction on the project was initially halted due to the [[COVID-19 pandemic]], but resumed in 2021 with plans for the 500 room, 180 extended-stay suite resort.<ref>{{cite news |last1=Segall |first1=Eli |title=Allegiant resuming construction of stalled Florida resort project |url=https://www.reviewjournal.com/business/allegiant-resuming-construction-of-stalled-florida-resort-project-2412182/ |access-date=20 December 2021 |publisher=Las Vegas Review Journal |date=2 August 2021}}</ref> The resort opened on December 15, 2023.<ref>{{Cite web |last=Zarcone |first=Haley |date=2023-12-14 |title=Sunseeker Resort set to open after fighting through set backs |url=https://winknews.com/2023/12/14/sunseeker-resort-opening-southwest-florida/ |access-date=2024-02-07 |website=WINK News |language=en-US}}</ref>

===Allegiant Nonstop===

Allegiant Nonstop is an operator of family entertainment centers.<ref name="ReviewUnusual"/> Formerly known as G4CE, the subsidiary currently maintains two locations in [[Clearfield, Utah]] and [[Warren, Michigan]]. Each venue features an arcade with more than 100 games, escape rooms, go-kart racing, bowling,<ref name="ReviewUnusual"/> laser tag, miniature golf, and other activities.<ref name="Standard">{{cite news |last=Saal |first=Mark |date=10 January 2019 |title=2 new family fun centers provide twice the fun in Clearfield |access-date= 22 April 2020|url= https://www.standard.net/entertainment/new-family-fun-centers-provide-twice-the-fun-in-clearfield/article_c5e7471a-0997-5ee6-a865-f3f40c0d00ed.html|work= |newspaper=Standard-Examiner |publisher= |location= }}</ref><ref name="Warren">{{cite news |last=Louwers |first=Brian |date=March 15, 2019 |title=Allegiant Nonstop family entertainment center nears completion |url=https://www.candgnews.com/news/allegiant-nonstop-family--entertainment-center--nears-completion-112463 |work= |newspaper=Warren Weekly |publisher= |location= }}</ref>


===Other===
===Other===


The Allegiant Travel Company also counts the golf course management software firm, Teesnap, as one of its subsidiaries. The company was founded in 2013 and has been owned by Allegiant since its outset.<ref name="ReviewUnusual">{{cite news |last=Segall |first=Eli |date=June 28, 2019 |title=Allegiant Ventures |access-date=21 April 2020|url=https://www.reviewjournal.com/business/allegiant-air-has-expanded-into-some-unusual-side-businesses-for-an-airline-1696066/ |work= |newspaper=Las Vegas Review Journal |publisher= |location= }}</ref> The firm's software was being used by 590 golf courses as of July 2019, but was also looking for a buyer for the subsidary as of the same date.<ref name="ReviewTee">{{cite news |last=Segall |first=Eli |date=July 24, 2019 |title=Las Vegas-based Allegiant looks to sell major side business|access-date=21 April 2020 |url=https://www.reviewjournal.com/business/tourism/las-vegas-based-allegiant-looks-to-sell-major-side-business-1810202/ |work= |newspaper=Las Vegas Review Journal |publisher= |location= }}</ref> Another Allegiant subsidiary, Game Plane, created an eponymous game show that was filmed on Allegiant Air flights, which ran during 2014 and 2015 on the [[Discovery Family Channel]].<ref name="ReviewUnusual"/><ref name="LAT">{{cite news |last=Martin |first=Hugo |date=18 January 2015 |title=Onboard game show brings publicity, fun to Allegiant Air |access-date=22 April 2020|url=https://www.latimes.com/business/la-fi-onboard-game-show-allegiant-air-20150116-story.html |work= |newspaper=Los Angeles Times |publisher= |location= }}</ref>
The Allegiant Travel Company also counts the golf course management software firm, Teesnap, as one of its subsidiaries. The company was founded in 2013 and has been owned by Allegiant since its outset.<ref name="ReviewUnusual">{{cite news |last=Segall |first=Eli |date=June 28, 2019 |title=Allegiant Ventures |access-date=21 April 2020|url=https://www.reviewjournal.com/business/allegiant-air-has-expanded-into-some-unusual-side-businesses-for-an-airline-1696066/ |newspaper=Las Vegas Review Journal }}</ref> The firm's software was being used by 590 golf courses as of November 2023, but was also looking for a buyer for the subsidiary as of the same date.<ref name="ReviewTee">{{cite news |last=Segall |first=Eli |date=July 24, 2019 |title=Las Vegas-based Allegiant looks to sell major side business|access-date=21 April 2020 |url=https://www.reviewjournal.com/business/tourism/las-vegas-based-allegiant-looks-to-sell-major-side-business-1810202/ |newspaper=Las Vegas Review Journal }}</ref> Another Allegiant subsidiary, Game Plane, created an eponymous game show that was filmed on Allegiant Air flights, which ran during 2014 and 2015 on the [[Discovery Family Channel]].<ref name="ReviewUnusual"/><ref name="LAT">{{cite news |last=Martin |first=Hugo |date=18 January 2015 |title=Onboard game show brings publicity, fun to Allegiant Air |access-date=22 April 2020|url=https://www.latimes.com/business/la-fi-onboard-game-show-allegiant-air-20150116-story.html |newspaper=Los Angeles Times }}</ref> Allegiant Travel also operated an information technology company called Allegiant Systems that had the goal of selling software systems to other airlines.<ref name="ReviewSystems">{{cite news |last=O'Reiley |first=Tim |date=October 1, 2012 |title=Allegiant Travel forms new information technology company |access-date=16 June 2020|url=https://www.reviewjournal.com/business/allegiant-travel-forms-new-information-technology-company/ |newspaper=Las Vegas Review Journal }}</ref>

Allegiant Travel formerly operated family entertainment centers in Utah and Michigan.<ref name="ReviewUnusual"/><ref name="Standard">{{cite news |last=Saal |first=Mark |date=10 January 2019 |title=2 new family fun centers provide twice the fun in Clearfield |access-date= 22 April 2020|url= https://www.standard.net/entertainment/new-family-fun-centers-provide-twice-the-fun-in-clearfield/article_c5e7471a-0997-5ee6-a865-f3f40c0d00ed.html|newspaper=Standard-Examiner }}</ref> Known as Allegiant Nonstop, the company closed the centers in 2020.<ref>{{cite news |title=Allegiant cuts capacity and halts non-airline projects |url=https://www.flightglobal.com/networks/allegiant-cuts-capacity-and-halts-non-airline-projects/137384.article |access-date=9 January 2022 |publisher=Flight Global |date=18 March 2020}}</ref>


==Sponsorships==
==Sponsorships==
Line 71: Line 168:


===Allegiant Stadium===
===Allegiant Stadium===
[[File:Allegiant Stadium March 2020 6 (cropped).jpg|thumb|right|Allegiant Stadium under construction, March 2020.]]
[[File:Allegiantstadiumjune2020.jpg|thumb|right|Allegiant Stadium under construction, June 2020.]]
{{main|Allegiant Stadium}}
{{main|Allegiant Stadium}}
In August 2019, Allegiant was announced as the official naming rights partner for the currently under-construction Las Vegas stadium. [[Allegiant Stadium]], as it is now known, will be the home of the [[Las Vegas Raiders]] and the [[UNLV Rebels football]] team beginning in the 2020 season.<ref name="ReviewRaiders">{{cite news |last=Velotta |first=Richard N. |date=August 5, 2019 |title=‘Allegiant Stadium’ official name for Raiders’ Las Vegas stadium|access-date=29 March 2020|url=https://www.reviewjournal.com/business/stadium/allegiant-stadium-official-name-for-raiders-las-vegas-stadium-1819259/ |work= |newspaper=Las Vegas Review Journal |publisher= |location= }}</ref>
In August 2019, Allegiant was awarded the naming rights for the home of the [[Las Vegas Raiders]] and the [[UNLV Rebels football]] team, [[Allegiant Stadium]].<ref name="ReviewRaiders">{{cite news |last=Velotta |first=Richard N. |date=August 5, 2019 |title='Allegiant Stadium' official name for Raiders' Las Vegas stadium|access-date=29 March 2020|url=https://www.reviewjournal.com/business/stadium/allegiant-stadium-official-name-for-raiders-las-vegas-stadium-1819259/ |newspaper=Las Vegas Review Journal }}</ref> It is also the official airline of the Raiders.<ref>{{cite news |last1=Akers |first1=Mick |title=Allegiant unveils Raiders-themed plane in Las Vegas |url=https://www.reviewjournal.com/sports/raiders/allegiant-unveils-raiders-themed-plane-in-las-vegas-2435576/ |access-date=5 January 2022 |publisher=Las Vegas Review Journal |date=8 September 2021}}</ref>


===Other sport sponsorships===
===Other sport sponsorships===
Allegiant is also the official domestic airline partner of the [[Vegas Golden Knights]].<ref name="ReviewMisc">{{cite news |last=Akers |first=Mick |date=May 7, 2019 |title=Allegiant Air files to trademark ‘Allegiant Stadium’ name |access-date=21 April 2020|url=https://www.reviewjournal.com/business/allegiant-air-files-to-trademark-allegiant-stadium-name-1657945/ |work= |newspaper=Las Vegas Review Journal |publisher= |location= }}</ref>
In July 2018, Allegiant was named the official airline of [[Minor League Baseball]] (MiLB).<ref name="ReviewMisc"/> In December of that year, it announced a credit card partnership with the MiLB that would allow Allegiant credit card holders to earn points in relation to their local baseball teams and communities.<ref name="Credit">{{cite news |date=December 11, 2018 |title=MiLB, Allegiant Announce Credit Card Partnership|access-date=14 May 2020 |url=https://ballparkdigest.com/2018/12/11/milb-allegiant-announce-credit-card-partnership/ |work=Ballpark Digest }}</ref>


Allegiant is also the official domestic airline partner of the [[Vegas Golden Knights]].<ref name="ReviewMisc">{{cite news |last=Akers |first=Mick |date=May 7, 2019 |title=Allegiant Air files to trademark 'Allegiant Stadium' name |access-date=21 April 2020|url=https://www.reviewjournal.com/business/allegiant-air-files-to-trademark-allegiant-stadium-name-1657945/ |newspaper=Las Vegas Review Journal }}</ref> In September 2019, the company unveiled a Golden Knights-themed plane that featured a [[Livery (aircraft)|livery]] with the team's logo.<ref name="ReviewLivery">{{cite news |last=Akers |first=Mick |date=10 September 2019 |title=Allegiant's Golden Knights plane to promote team in other markets |access-date=22 April 2020|url=https://www.reviewjournal.com/sports/goldenknights/allegiants-golden-knights-plane-to-promote-team-in-other-markets-1845303/ |newspaper=Las Vegas Review Journal }}</ref> In January 2020, Allegiant signed a deal to become the official airline of the [[Indianapolis Colts]],<ref name="ReviewColts">{{cite news |last=Akers |first=Mick |date=29 January 2020 |title=Las Vegas-based Allegiant Air signs deal with Indianapolis Colts|access-date=16 June 2020 |url=https://www.reviewjournal.com/business/las-vegas-based-allegiant-air-signs-deal-with-indianapolis-colts-1945949/ |newspaper=Las Vegas Review Journal }}</ref> and the following year became the official airline of the [[Pac-12 Conference]].<ref>{{cite news |last1=Traub |first1=Matt |title=Allegiant named Official Airline of the Pac-12 Conference |url=https://www.sportstravelmagazine.com/allegiant-named-official-airline-of-the-pac-12-conference/ |access-date=5 January 2022 |publisher=SportsTravel |date=20 September 2021}}</ref>
==See also==


==See also==
* [[List of Allegiant Air destinations]]
* [[List of Allegiant Air destinations]]
* [[List of S&P 600 companies]]


==References==
==References==
{{reflist}}
{{reflist}}

==External links==
*[https://www.allegiantair.com/ Allegiant Air]
*[https://www.sunseekerresorts.com/ Sunseeker Resorts]



[[Category:Hospitality companies established in 1999]]
[[Category:Hospitality companies established in 1999]]
[[Category:Companies listed on NASDAQ]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Companies based in Las Vegas]]
[[Category:1999 establishments in Nevada]]

Latest revision as of 14:40, 24 July 2024

Allegiant Travel Company
Company typePublic
Nasdaq: ALGT
S&P 600 component
IndustryTourism
Founded1999; 25 years ago (1999)
Headquarters
Summerlin, Nevada
,
United States
Key people
Gregory C. Anderson (President and CEO)
RevenueSteady US$611,002,000 (2023)
Decrease US$10,612,000 (2023)
Decrease US$(1,956,000) (2023)
Number of employees
Increase 5,643 (2023)
Subsidiaries
Websiteallegiantair.com
Footnotes / references
[1]

The Allegiant Travel Company is an American airline holding and hospitality company headquartered in Las Vegas, Nevada. The company owns the airline Allegiant Air and Sunseeker Resorts.

History

[edit]

The Allegiant Travel Company was founded in 1999[2] as the parent company of Allegiant Air,[3] which itself had been founded in 1997.[4] Initially based out of Fresno, California, the company reorganized in 2000 with Maurice J. Gallagher Jr. gaining an almost 20 percent stake in the company. He had previously been a prominent creditor of Allegiant and was one of the co-founders of ValuJet Airlines.[5]

In May 2006, Allegiant Travel Company filed plans for an initial public offering (IPO).[6] It officially began trading on the Nasdaq exchange under the stock ticker symbol, ALGT, in December of that year.[7]

By 2019, Allegiant Travel's primary subsidiary, Allegiant Air, had switched from a fleet predominately composed of MD-80s to one exclusively composed of Airbus jets.[8]

[edit]

The key trends for the Allegiant Travel Company (including its consolidated subsidiaries) are (financial years ending December 31):

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Turnover (US$m) 1,137 1,262 1,379 1,511 1,667 1,841 990 1,707 2,301 2,509
Net profit after tax ($m) 87 220 220 198 161 232 −184 152 2.49 −2
Number of employees (FTE) 2,411 2,846 3,416 3,752 3,901 4,363 3,863 4,458 5,306 5,643
Number of passengers (m) 8.2 9.5 11.1 12.3 13.8 15.0 8.6 13.6 16.8 17.3
Passenger load factor (scheduled services)(%) 87.5 85.0 85.0 83.7 84.7 83.9 59.5 70.3 85.0 85.9
Number of aircraft 84 89 76 91 95 108 121 126
Notes/sources [9] [9] [9] [9] [9] [10] [a][10] [11] [12] [13]
  1. ^ 2020: Activities and income in fiscal 2020 were severely reduced by the impact of the coronavirus pandemic


Subsidiaries

[edit]

Allegiant Air

[edit]
Main article: Allegiant Air

Allegiant Air was founded in 1997[4] and is the ninth-largest commercial airline in the United States as of January 2020.[14] Part of Allegiant Air's business model includes earning commissions by selling passengers ancillary items like rental cars, hotel rooms, tickets to events, amusement park passes, and other add-ons.[5] The airline has a fleet composed of 85 Airbus jets[15] that serves more than 500 routes across the country.[14]

Sunseeker Resorts

[edit]

Plans for the inaugural Sunseeker Resort in Charlotte County, Florida (known as Sunseeker Resort Charlotte Harbor) were announced in August 2017.[16] Construction on the project was initially halted due to the COVID-19 pandemic, but resumed in 2021 with plans for the 500 room, 180 extended-stay suite resort.[17] The resort opened on December 15, 2023.[18]

Other

[edit]

The Allegiant Travel Company also counts the golf course management software firm, Teesnap, as one of its subsidiaries. The company was founded in 2013 and has been owned by Allegiant since its outset.[19] The firm's software was being used by 590 golf courses as of November 2023, but was also looking for a buyer for the subsidiary as of the same date.[20] Another Allegiant subsidiary, Game Plane, created an eponymous game show that was filmed on Allegiant Air flights, which ran during 2014 and 2015 on the Discovery Family Channel.[19][21] Allegiant Travel also operated an information technology company called Allegiant Systems that had the goal of selling software systems to other airlines.[22]

Allegiant Travel formerly operated family entertainment centers in Utah and Michigan.[19][23] Known as Allegiant Nonstop, the company closed the centers in 2020.[24]

Sponsorships

[edit]

The Allegiant Travel Company is the official sponsor of several sports teams and venues.

Allegiant Stadium

[edit]
Allegiant Stadium under construction, June 2020.
Main article: Allegiant Stadium

In August 2019, Allegiant was awarded the naming rights for the home of the Las Vegas Raiders and the UNLV Rebels football team, Allegiant Stadium.[25] It is also the official airline of the Raiders.[26]

Other sport sponsorships

[edit]

In July 2018, Allegiant was named the official airline of Minor League Baseball (MiLB).[27] In December of that year, it announced a credit card partnership with the MiLB that would allow Allegiant credit card holders to earn points in relation to their local baseball teams and communities.[28]

Allegiant is also the official domestic airline partner of the Vegas Golden Knights.[27] In September 2019, the company unveiled a Golden Knights-themed plane that featured a livery with the team's logo.[29] In January 2020, Allegiant signed a deal to become the official airline of the Indianapolis Colts,[30] and the following year became the official airline of the Pac-12 Conference.[31]

See also

[edit]

References

[edit]
  1. ^ "FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS". www.sec.gov. February 5, 2023. Retrieved February 7, 2023.
  2. ^ "Allegiant Travel : Announces Five New Routes With One-Way Fares As Low As $55". Market Screener. November 12, 2019. Retrieved 29 March 2020.
  3. ^ Velotta, Richard N. (15 May 2009). "Las Vegas-based Allegiant sets sights on – no kidding – Cuba". Las Vegas Sun. Retrieved 29 March 2020.
  4. ^ a b Bailey, Jeff (September 21, 2006). "Flying Where Big Airlines Aren't". The New York Times. Retrieved 26 March 2020.
  5. ^ a b "Tiny Allegiant Air thrives by catering to small-town America". The Salt Lake Tribune. 28 June 2013. Retrieved 29 March 2020.
  6. ^ Compart, Andrew (19 May 2006). "Allegiant Air's parent files plan for IPO". Travel Weekly. Retrieved 16 June 2020.
  7. ^ Kim, Yung (January 20, 2007). "Allegiant Travel shares climb in debut". Reuters. Retrieved 16 June 2020.
  8. ^ Segall, Eli (October 24, 2019). "Allegiant nearly triples profits in third quarter". Las Vegas Review Journal. Retrieved 16 June 2020.
  9. ^ a b c d e "Annual Report 2018 Allegiant Travel Company". February 28, 2019. Retrieved November 1, 2019.
  10. ^ a b "Annual Report 2020 Allegiant Travel Company". March 1, 2021. Retrieved December 15, 2021.
  11. ^ "Allegiant Annual Report 2021". Allegiant. Retrieved October 7, 2023.
  12. ^ "Allegiant Annual Report 2022". Allegiant. Retrieved October 7, 2023.
  13. ^ "FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS". www.sec.gov. February 5, 2023. Retrieved February 7, 2023.
  14. ^ a b Bush, John (January 14, 2020). "Airline to offer new flight from Dayton to Florida". Dayton Business Journal. Retrieved 26 March 2020.
  15. ^ Shabat, Jay (December 4, 2019). "The Reinvention of Allegiant Air". Skift. Retrieved 21 April 2020.
  16. ^ Dean, Vicki (March 20, 2019). "Charlotte County welcomes Allegiant Sunseeker Resort". Herald Tribune. Retrieved 26 March 2020.
  17. ^ Segall, Eli (2 August 2021). "Allegiant resuming construction of stalled Florida resort project". Las Vegas Review Journal. Retrieved 20 December 2021.
  18. ^ Zarcone, Haley (2023-12-14). "Sunseeker Resort set to open after fighting through set backs". WINK News. Retrieved 2024-02-07.
  19. ^ a b c Segall, Eli (June 28, 2019). "Allegiant Ventures". Las Vegas Review Journal. Retrieved 21 April 2020.
  20. ^ Segall, Eli (July 24, 2019). "Las Vegas-based Allegiant looks to sell major side business". Las Vegas Review Journal. Retrieved 21 April 2020.
  21. ^ Martin, Hugo (18 January 2015). "Onboard game show brings publicity, fun to Allegiant Air". Los Angeles Times. Retrieved 22 April 2020.
  22. ^ O'Reiley, Tim (October 1, 2012). "Allegiant Travel forms new information technology company". Las Vegas Review Journal. Retrieved 16 June 2020.
  23. ^ Saal, Mark (10 January 2019). "2 new family fun centers provide twice the fun in Clearfield". Standard-Examiner. Retrieved 22 April 2020.
  24. ^ "Allegiant cuts capacity and halts non-airline projects". Flight Global. 18 March 2020. Retrieved 9 January 2022.
  25. ^ Velotta, Richard N. (August 5, 2019). "'Allegiant Stadium' official name for Raiders' Las Vegas stadium". Las Vegas Review Journal. Retrieved 29 March 2020.
  26. ^ Akers, Mick (8 September 2021). "Allegiant unveils Raiders-themed plane in Las Vegas". Las Vegas Review Journal. Retrieved 5 January 2022.
  27. ^ a b Akers, Mick (May 7, 2019). "Allegiant Air files to trademark 'Allegiant Stadium' name". Las Vegas Review Journal. Retrieved 21 April 2020.
  28. ^ "MiLB, Allegiant Announce Credit Card Partnership". Ballpark Digest. December 11, 2018. Retrieved 14 May 2020.
  29. ^ Akers, Mick (10 September 2019). "Allegiant's Golden Knights plane to promote team in other markets". Las Vegas Review Journal. Retrieved 22 April 2020.
  30. ^ Akers, Mick (29 January 2020). "Las Vegas-based Allegiant Air signs deal with Indianapolis Colts". Las Vegas Review Journal. Retrieved 16 June 2020.
  31. ^ Traub, Matt (20 September 2021). "Allegiant named Official Airline of the Pac-12 Conference". SportsTravel. Retrieved 5 January 2022.
[edit]
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