Allegiant Travel has entered into an agreement with funds affiliated with Blackstone Real Estate to sell its Sunseeker Resort Charlotte Harbor in Florida. The deal is valued at $200 million, representing a significant divestment by Allegiant as it shifts strategic focus away from the resort and hospitality sector.
Allegiant Travel Company, the parent of Allegiant Air, has entered into a new credit facility agreement valued at up to $144 million, secured by the delivery of Boeing 737 MAX aircraft. The arrangement was made through one of the group’s wholly owned subsidiaries and is designed to provide financial flexibility to support fleet expansion and capital structure optimization.
Allegiant Travel has announced a leadership transition, with COO Keny Wilper stepping down from his role. While Wilper will no longer serve as Chief Operating Officer, he will remain with the company in an advisory capacity during the search for his permanent replacement.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
Allegiant Travel, a prominent U.S.-based travel company, has secured approximately $293 million through various debt facilities entered into between September 2023 and December 2024. This financial inflow is expected to strengthen the company’s balance sheet and support ongoing operations and strategic initiatives.
Allegiant Travel has reported a slight decline in revenue for Q3 2024, with total operating revenue falling by 0.6% year-over-year to $562.2 million. The Las Vegas-based airline, known for its focus on low-cost leisure travel, faced increased challenges this quarter, including operational cost pressures that contributed to a 46.6% rise in net loss, amounting to…
