Allegiant Shares Slip as Demand Trends Soften

Dow Jones

Mar 18, 2025

By Dean Seal

Shares of Allegiant Travel slipped after the company reported softening demand for leisure travel.

The stock was down 3.3% at $52.44 early in the trading session. Shares have now fallen 44% since the start of the year.

The airline and hospitality company said before the bell that it expects first-quarter earnings to come in at $1.50 a share, the low end of its guidance. Analysts polled by FactSet had been forecasting $1.77 a share.

Chief Commercial Officer Drew Wells said leisure demand is softening, particularly during shoulder and off-peak periods. Allegiant is cutting its full-year capacity to a 13% increase from a 17% increase.

"We will remain flexible with our capacity deployment to appropriately adapt to the demand environment," Well said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 18, 2025 11:49 ET (15:49 GMT)

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Analysts polled by FactSet had been forecasting $1.77 a share. \n\n\n  Chief Commercial Officer Drew Wells said leisure demand is softening, particularly during shoulder and off-peak periods. Allegiant is cutting its full-year capacity to a 13% increase from a 17% increase. \n\n\n  \"We will remain flexible with our capacity deployment to appropriately adapt to the demand environment,\" Well said. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2025 11:49 ET (15:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}