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Allegiant Travel Co  (ALGT)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Allegiant Travel Co's

Competitiveness


 

ALGT Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Allegiant Travel Co reported Total Revenue decrease in the 2 quarter 2022 year on year by 0 %, despite revenue increase by most of its competitors of 87.11 %, recorded in the same quarter.

List of ALGT Competitors





Revenue Growth Comparisons




Net Income Comparison


Allegiant Travel Co recorded net loss , despite income increase by most of its competitors of 165.67 %

<<  More on ALGT Income Comparisons


Allegiant Travel Co's Comment on Competitors and Industry Peers


The airline industry is highly competitive. Passenger demand and fare levels have historically been influenced by, among other things, the general state of the economy, international events, fuel prices, industry capacity, and pricing actions taken by other airlines. The principal competitive factors in the airline industry are price, schedule, customer service, routes served, types of aircraft, safety record and reputation, code-sharing relationships, and frequent flyer programs.

Our competitors include legacy airlines, LCCs, regional airlines, and new entrant airlines. Many of these airlines are larger, have significantly greater financial resources and serve more routes than we do. In a limited number of cases, following our entry into some markets, competitors have chosen to add service, reduce their fares, or both. In a few cases, other airlines have entered after we have developed a market.

We believe our under-served city strategy has reduced the intensity of competition we might otherwise face. We are the only domestic scheduled carrier operating out of the Orlando Sanford International Airport, St. Petersburg-Clearwater International Airport, Phoenix-Mesa Gateway Airport, and Punta Gorda Airport. Although no other domestic scheduled carriers operate in these airports, most U.S. airlines serve the nearby major airports serving Orlando, Phoenix, Tampa and Ft. Myers. In addition, most U.S. airlines serve Las Vegas, Los Angeles, Ft. Lauderdale, the San Francisco Bay area, San Diego, and Honolulu. As a result, there is potential for increased competition on these routes.

We face mainline competition on only 24 of our 229 routes. The recent addition of service to a number of new cities on the East Coast increased the amount of routes on which we face direct competition. We compete with Southwest Airlines on 11 routes: five routes into Las Vegas, one route between the San Francisco Bay area and Phoenix, two routes into Orlando, two routes into Tampa, and one route into Ft. Myers. We compete with Frontier Airlines on six routes: three routes into Orlando, and one route into Las Vegas, Phoenix, and Ft. Lauderdale. We compete with Delta Airlines on seven routes: one route into Las Vegas, Phoenix, Orlando, Tampa, Ft. Myers, Ft. Lauderdale, and Honolulu.

We also face competition with American Airlines, Hawaiian Airlines, and United Airlines on our Hawaii routes. We also compete with US Airways on one route between Phoenix and the San Francisco Bay area, with Alaska Air between Las Vegas and Bellingham, and with Spirit Airlines between Plattsburgh and Ft. Lauderdale. In addition, we compete with smaller regional jet aircraft on several routes, including Eugene-Los Angeles (American Airlines), Medford-Los Angeles (United Airlines), and Northwest Arkansas-Los Angeles (American Airlines). We will also experience additional competition on recently announced routes.

Indirectly, we compete with Southwest, American, Delta, and other carriers that provide nonstop service to our leisure destinations from airports near our markets. For example, we fly from Bellingham, Washington, which is a two-hour drive from Seattle-Tacoma International Airport, where travelers can access nonstop service to Las Vegas, Los Angeles, Phoenix, San Diego, Palm Springs, and San Francisco on various other carriers. We also face indirect competition from legacy carriers offering hub-and-spoke connections to our markets. For example, travelers can travel to Las Vegas from Peoria on United, American or Delta, although all of these legacy carriers currently utilize regional aircraft to access their hubs and mainline jets to access Las Vegas. Several airlines also offer competitive one-stop service from the medium-sized cities we have begun to serve. Legacy carriers offering hub-and-spoke service with connecting flights tend to charge substantially higher fares and have a much longer elapsed time of travel.

We also face indirect competition from automobile travel in our short-haul markets, primarily in our Florida leisure destinations. We believe our low cost pricing model and the convenience of air transportation help us compete favorably against automobile travel.

In our fixed fee operations, we compete with other scheduled airlines in addition to independent passenger charter airlines. We also compete with aircraft owned or controlled by large tour companies. The basis of competition in the fixed fee market is cost, equipment capabilities, service, and reputation.





*Market share is calculated based on total revenue.


ALGT's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Allegiant Travel Co ALGT 0.00 0.00 0.00 -
American Airlines Group Inc AAL 8,553 24,482.00 -3,240.00 116,025
Alaska Air Group Inc. ALK 4,960 8,037.00 748.00 20,935
Alpha Metallurgical Resources Inc. AMR 2,259 3,885.43 1,315.76 0
Delta Air Lines Inc. DAL 18,222 39,452.00 1,659.00 74,000
Hawaiian Holdings inc HA 675 2,172.67 -237.49 5,380
Jetblue Airways Corp JBLU 2,149 7,986.00 -442.00 15,500
Latam Airlines Group S a LTM 1,947 4,884.02 -4,653.14 0
Southwest Airlines Co. LUV 20,018 21,152.00 995.00 59,117
Spirit Airlines Inc. SAVE 2,268 4,244.15 -319.49 4,219
Skywest Inc SKYW 800 3,056.18 85.70 9,642
United Airlines Holdings Inc. UAL 10,801 35,620.00 -1,221.00 92,725
SUBTOTAL 74,006.49 156,679.35 -5,157.81 399,954
       
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