Airline operator posts $2 million loss in fourth quarter

  • Allegiant Travel swings to a loss of $2 million in 4Q
  • Revenue remains mostly flat for the period
  • Adjusted earnings were 11 cents a share
  • First quarter earnings expected to be 50 cents to $1.50 a share
  • Shares drop 2.5% to $76.93 in afternoon trading

Allegiant Travel, the airline operator, reported a loss of $2 million in the fourth quarter as revenue remained mostly flat. Adjusted earnings were 11 cents a share, beating analyst expectations. For the first quarter, the company expects earnings of 50 cents to $1.50 a share, lower than the analysts’ estimate of $2.27 a share. As a result, shares dropped 2.5% to $76.93 in afternoon trading.

Public Companies: Allegiant Travel (ALGT)
Private Companies:
Key People: Zaeem Shoaib (Author)

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Factuality Level: 8
Justification: The article provides specific financial figures and compares them to previous periods and analyst expectations. The information is sourced from FactSet, a reputable financial data provider. However, the article does not provide any additional context or analysis, which could affect the overall factuality level.

Noise Level: 7
Justification: The article provides some relevant information about Allegiant Travel’s financial performance in the fourth quarter, including the loss of $2 million and the decline in revenue. However, it lacks in-depth analysis or insights into the reasons behind the loss and the impact on the company. The article also mentions analyst expectations for the first quarter, but does not provide any context or explanation for the difference between the company’s earnings guidance and the analysts’ expectations. Overall, the article contains some relevant information but lacks depth and analysis.

Financial Relevance: Yes
Financial Markets Impacted: The article pertains to the financial performance of Allegiant Travel, an airline operator.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the financial performance and earnings of Allegiant Travel, but does not mention any extreme events or impacts on financial markets.

Reported publicly: www.marketwatch.com