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Allegiant Travel Co  (ALGT)
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    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Allegiant Travel Co's



ALGT Sales vs. its Competitors Q3 2018

Comparing the results to its competitors, Allegiant Travel Co reported Total Revenue increase in the 3 quarter 2018 by 12.71 % year on year.
The sales growth was above Allegiant Travel Co's competitors average revenue growth of 3.83 %, recorded in the same quarter.

List of ALGT Competitors

With net margin of 3.85 % company reported lower profitability than its competitors.

More on ALGT Margin Comparisons

Revenue Growth Comparisons

Net Income Comparison

Allegiant Travel Co Net Income in 3 quarter 2018 declined year on year by -32.05 %, despite income growth by most of its competitors

<<  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.


Total Segment Market Share Q3 2018

Allegiant Travel Co achieved revenue growth of 12.71 % in Total segment, and improved market share, to approximate 2.21 %.

<<  More on ALGT Market Share.

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

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ALGT's vs. Competition, Data

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

Allegiant Travel Co ALGT 1,907 1,634 203 2,411
Southwest Airlines Co LUV 28,325 21,534 3,699 45,861
United Continental Holdings, Inc. UAL 23,594 40,250 2,247 84,000
Alta Mesa Resources, Inc. AMR 216 6,718 -142 0
Delta Air Lines Inc DAL 32,628 43,941 3,456 80,000
Great Lakes Aviation Ltd GLUX 0 0 0 442
American Airlines Group Inc. AAL 14,814 44,203 1,351 113,300
Baltia Air Lines Inc BLTA 0 0 0 65
Alaska Air Group, Inc. ALK 7,962 8,162 787 13,952
Skywest Inc SKYW 2,482 3,215 503 9,642
Jetblue Airways Corp JBLU 5,363 10,956 690 15,500
Republic Airways Holdings Inc RJET 0 0 0 5,935
Spirit Airlines, Inc. SAVE 4,119 2,724 170 4,219
Hawaiian Holdings Inc HA 1,563 2,831 369 5,380
Virgin America Inc. VA 0 0 0 2,965
SUBTOTAL 122,972 186,167 13,333 383,672


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