Allegiant Travel: Q2 Earnings Snapshot

August 3, 2022 GMT

LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Wednesday reported second-quarter profit of $4.4 million.

The Las Vegas-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 62 cents per share.

The travel services company posted revenue of $629.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $629.2 million.

Allegiant Travel shares have fallen 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $117.71, a drop of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com/ap/ALGT