Allegiant Travel stated: “Although we are proud of our performance in 2023, 2024 will continue our focus on restoring peak-period utilization, thereby bolstering our financial performance through increased margins. In the coming months we expect to induct our first Boeing MAX aircraft. We have tempered capacity growth to roughly five percent to ensure a smooth integration. The addition of this aircraft will improve operational reliability, enhance the customer experience, and deliver improved economics. In 2024, our focus will be on optimization. With continued focus on a number of long-term initiatives, we expect to see planned improvements throughout the business. I remain confident we will continue our operational excellence, a necessity for continued financial success. Our team members’ efforts and dedication are the reasons for our 2023 industry leading performance. Team Allegiant remains the best in the industry.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALGT:
- ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS
- ALGT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Allegiant Travel reports December total system passengers down 6.3% y-o-y
- Allegiant Travel price target raised to $80 from $70 at Susquehanna
- Allegiant Travel price target raised to $70 from $64 at BofA