Allegiant Travel Company (ALGT)

Allegiant Travel Company, founded in 1997 and headquartered in Las Vegas, Nevada, operates as a leisure travel provider primarily catering to residents in smaller, under-served cities across the United States. The company specializes in offering direct, infrequent flights connecting these communities to popular vacation destinations. As of February 14, 2022, its aviation operations utilized a fleet of 110 Airbus A320 series airplanes. Beyond core airfare, Allegiant generates revenue from a variety of ancillary air-related offerings, including checked baggage charges, preferred seating, travel insurance, expedited boarding, service fees, onboard refreshments, and support for bookings via its call center. The company further broadens its services by providing third-party travel arrangements such as hotel accommodations and ground transport options, including car rentals and hotel shuttle services. Additionally, Allegiant engages in fixed-fee air transportation contracts and offers both regular and on-demand charter flights. Uniquely, its business portfolio also encompasses the operation of a golf course.