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LAS VEGAS - Allegiant Travel Company (NASDAQ:ALGT), a $1.05 billion market cap airline generating $2.58 billion in annual revenue, announced Wednesday the addition of Atlantic City, New Jersey to its network with four new nonstop routes connecting to Florida destinations. According to InvestingPro analysis, the stock appears overvalued at current levels, though analysts expect net income growth this year.
The Las Vegas-based airline will launch service between Atlantic City International Airport (ACY) and four Florida locations: Fort Lauderdale-Hollywood International Airport (FLL) beginning December 4, 2025, along with routes to St. Pete-Clearwater International Airport (PIE), Orlando Sanford International Airport (SFB), and Punta Gorda Airport (PGD) all starting during Presidents’ Day weekend.
To mark the expansion, Allegiant is offering promotional one-way fares starting at $39 on the new routes. Tickets must be purchased by August 14, 2025, for travel through May 19, 2026.
"We’re thrilled to bring our brand of low-cost, high-value travel to one of New Jersey’s most iconic destinations," said Drew Wells, Allegiant’s chief commercial officer, in a press release statement.
The carrier has also extended its flight schedule through May 2026, allowing travelers to book vacations further in advance.
This expansion follows two recent route additions elsewhere in Allegiant’s network, reflecting the airline’s focus on connecting smaller and medium-sized cities with vacation destinations through nonstop service.
Allegiant, which began operations in 1999, operates an all-nonstop flight network aimed at the leisure travel market.
In other recent news, Allegiant Travel Company reported strong earnings for the second quarter of 2025. The company achieved earnings per share of $1.23, significantly surpassing analysts’ expectations of $0.77, marking a surprise of 59.74%. This performance was accompanied by a slight revenue beat, contributing to positive market reactions. Additionally, Raymond James has raised its price target for Allegiant Travel to $8.50 from $7.00. The firm maintained a Market Perform rating, citing early signs of market stabilization, including interest rates and trade policy normalization, as reasons for the adjustment. These developments reflect recent trends and analyst perspectives on the company’s financial health.
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