Allegiant Air

Low-cost airline for leisure travel

Las Vegas, Nevada, United States

About Allegiant Air

Allegiant Air operates a low-cost airline that connects travelers from smaller cities to popular leisure destinations. The airline uses an all-jet fleet and offers low fares, making air travel affordable. In addition to flights, Allegiant provides travel-related products like hotel rooms, rental cars, and entertainment tickets, which can be purchased through its website. Since starting in 1999 with just one aircraft, Allegiant has grown to operate over 350 routes across the United States with a fleet of more than 92 aircraft. The company focuses on providing value and convenience for leisure travelers, offering both individual flight tickets and bundled vacation packages that include various travel services.

Las Vegas, NevadaHeadquarters
1999Year Founded
$746MTotal Funding
IPOCompany Stage
Automotive & Transportation, Consumer GoodsIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Employee Stock Purchase Plan
Profit Sharing
Medical Travel Reimbursement
Legal, Identity and Pet Insurance
Employee Assistance Program
Tuition Reimbursement
Flight Benefits
Paid Vacation
Paid Sick Leave
Paid Holidays

Risks

Competition from other ultra-low-cost carriers like Avelo Airlines may impact market share.
Rapid route expansion may strain operational resources and affect service quality.
Reliance on seasonal routes could lead to inconsistent revenue streams during off-peak seasons.

Differentiation

Allegiant Air connects small cities to premier leisure destinations with low-cost fares.
The airline offers bundled travel packages, including hotels and rental cars, for convenience.
Allegiant's all-jet fleet ensures high efficiency and reliability in operations.

Upsides

Increased demand for domestic leisure travel boosts Allegiant's bookings by 15% in 2023.
The 'workcation' trend could increase demand for Allegiant's bundled travel packages.
Allegiant's route expansion in 2025 introduces 44 new nonstop connections.

Funding

Total raised$746.00 M
StageIPO
POST IPO DEBT
8/31/2023
$196