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LAS VEGAS - Allegiant Travel Company (NASDAQ:ALGT) announced Wednesday the appointment of Robert "BJ" Neal as president, effective immediately, while he continues to serve as the company's chief financial officer. The airline, with a market capitalization of $1.2 billion and current stock price of $66.90, has seen a strong 15% return over the past six months despite facing profitability challenges. According to InvestingPro data, analysts expect Allegiant to return to profitability this year.
Neal, who has been with Allegiant since 2007 and was appointed CFO in January 2023, will take on expanded leadership responsibilities across the organization. In his new role, Neal will oversee People Services, Technology, and corporate administration while continuing to manage the company's financial operations.
"Over nearly two decades with the company, BJ has consistently shown an ability to pair financial discipline with strategic innovation, while supporting operational excellence," said Allegiant CEO Gregory C. Anderson in a press release statement.
During his tenure at Allegiant, Neal has led key strategic initiatives, including major capital-raising efforts and management of the company's cost structure and fleet portfolio. He played a significant role in the company's 2021 order from Boeing and CFM for up to 100 new 737 aircraft.
Neal holds a Bachelor of Science degree from the University of Nevada, Las Vegas. He will focus on executing the company's strategy by aligning operational excellence with financial goals while working with the executive leadership team.
Allegiant, based in Las Vegas, operates as an integrated travel company focused on connecting customers from small-to-medium cities to vacation destinations with non-stop flights. The company generated $2.58 billion in revenue over the last twelve months with 3.17% growth, though it has yet to translate this into consistent profitability. InvestingPro offers additional insights on Allegiant's financial health and prospects through its comprehensive Pro Research Report, one of 1,400+ detailed analyses available to subscribers.
In other recent news, Allegiant Travel Company reported a consolidated net loss of $37.7 million for the third quarter of 2025. This resulted in an earnings per share (EPS) of -$2.09, which did not meet the anticipated EPS of -$1.79. Additionally, the company's revenue fell short of expectations, reaching $561.9 million, while analysts had forecasted $576.47 million. These financial results were released as part of Allegiant Travel's earnings call. The company's performance has raised concerns among investors, as reflected in the stock's aftermarket movement. There were no updates on potential mergers or acquisitions involving Allegiant Travel Company. Analyst firms have yet to provide new ratings or updates following the earnings report. These developments mark the latest updates for Allegiant Travel Company.
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