Allegiant Travel - 12 Year Dividend History | ALGT
Historical dividend payout and yield for Allegiant Travel (ALGT) since 2012. The current TTM dividend payout for Allegiant Travel (ALGT) as of April 18, 2024 is $2.40. The current dividend yield for Allegiant Travel as of April 18, 2024 is 3.92%.
| Sector |
Industry |
Market Cap |
Revenue |
| Transportation |
Transportation - Airlines |
$1.120B |
$2.510B |
|
Allegiant Travel Company, through its subsidiary Allegiant Air LLC, operates a low-cost passenger airline. It focuses on linking leisure travelers in small and medium sized cities to world-class leisure destinations. The company focuses on unbundling its air-related products and services like baggage fees, advance seat assignment among others. Allegiant, which also offers air transportation through fixed fee flight arrangements, focuses on generating significant additional ancillary revenues thanks to its unique business model. By focusing on leisure travelers only, this unique business model enables the company to avoid heavy costs of serving a variety of customers. In order to reduce costs, Allegiant usually purchases used aircraft with useful remaining years. Additionally, this non-traditional approach also brings down distribution- related expenses.
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