Allegiant Travel Company (NASDAQ: ALGT) is a U.S.-based leisure travel and travel services company that operates primarily through its wholly owned subsidiary, Allegiant Air. The company specializes in providing scheduled and charter air transportation linking small- and mid-sized communities with popular vacation destinations. In addition to its core airline operations, Allegiant offers bundled vacation packages, hotel and car rental services, and attraction tickets through its online platform, catering to cost-conscious travelers seeking convenient, all-in-one trip planning.
Founded in 1997 as WestAir Holdings, Inc., the company rebranded as Allegiant Travel Company in 2000 and launched its first flights the same year. From its early focus on underserved leisure markets, Allegiant has grown its route network to include more than 125 city pairs across the United States. The airline operates a single Airbus fleet, which allows for streamlined maintenance and training, and relies heavily on ancillary revenue streams—such as baggage fees, seat assignments and onboard concessions—to supplement ticket sales.
Allegiant’s business model emphasizes point-to-point service rather than hub-and-spoke operations, targeting markets with limited competition from major carriers and focusing on sunny destinations such as Las Vegas, Orlando, Phoenix and Florida Gulf Coast cities. The company’s travel services segment offers dynamically priced vacation packages, ground transportation options and attraction tickets, positioning Allegiant as a one-stop provider for leisure travelers. It also maintains partnerships with local hotels, car rental agencies and tour operators to expand its offerings and capture incremental revenue.
Headquartered in Las Vegas, Nevada, Allegiant Travel Company is led by a senior executive team with deep roots in the aviation industry. Maurice J. Gallagher Jr., a co-founder of the company, serves as Chairman of the Board and is widely credited with shaping its low-cost strategy. Scott DeAngelo was appointed Chief Executive Officer in late 2022, bringing two decades of experience in airline operations and finance. Under their leadership, Allegiant continues to refine its route network, enhance its ancillary product portfolio and pursue growth opportunities in leisure travel markets.
AI Generated. May Contain Errors.
Free ALGT Stock Alerts