Allegiant Travel Enters Material Agreement
Ticker: ALGT · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1362468
Sentiment: neutral
Topics: material-agreement, other-events
Related Tickers: ALGT
TL;DR
ALGT signed a big deal, details TBD.
AI Summary
Allegiant Travel Company (ALGT) entered into a material definitive agreement on November 14, 2024. The company also reported other events on this date. Specific details of the agreement and events were not disclosed in the provided text.
Why It Matters
This filing indicates a significant new contract or partnership for Allegiant Travel, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement introduces uncertainty.
Key Players & Entities
- Allegiant Travel Company (company) — Registrant
- November 14, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 702-851-7300 (phone_number) — Registrant's telephone number
- 1201 North Town Center Drive (address) — Principal executive offices
- Las Vegas, NV 89144 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Allegiant Travel Company?
The filing states that Allegiant Travel Company entered into a material definitive agreement on November 14, 2024, but the specific terms and nature of this agreement are not detailed in the provided text.
What other events are reported by Allegiant Travel Company on November 14, 2024?
The filing indicates 'Other Events' were reported by Allegiant Travel Company on November 14, 2024, but the specifics of these events are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 14, 2024.
What is Allegiant Travel Company's state of incorporation and IRS Employer Identification Number?
Allegiant Travel Company is incorporated in Nevada and its IRS Employer Identification Number is 20-4745737.
Where are Allegiant Travel Company's principal executive offices located?
Allegiant Travel Company's principal executive offices are located at 1201 North Town Center Drive, Las Vegas, NV 89144.
Filing Stats: 576 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2024-11-20 16:02:44
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 ALGT NASDAQ Stock Market Indicate b
Filing Documents
- algt-20241114.htm (8-K) — 32KB
- algt-20241114_g1.jpg (GRAPHIC) — 82KB
- 0001362468-24-000063.txt ( ) — 344KB
- algt-20241114.xsd (EX-101.SCH) — 2KB
- algt-20241114_lab.xml (EX-101.LAB) — 19KB
- algt-20241114_pre.xml (EX-101.PRE) — 11KB
- algt-20241114_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 14, 2024, Allegiant Air, LLC, a subsidiary of Allegiant Travel Company (the "Company"), entered into agreements with The Boeing Company ("Boeing") to amend its December 2021 agreement to acquire 50 newly manufactured Boeing 737 MAX aircraft. Under the amended agreement, the aircraft delivery schedule has been revised to reduce the number of aircraft expected in 2024 and 2025 whereby all 50 firm aircraft are due for delivery by the end of 2027 (previously, end of 2025). The amended agreement provides for other benefits and considerations related to delivery delays in 2024 as well as the deferred schedule through 2027. The foregoing description of the amendments to the agreement with Boeing does not purport to be complete and is qualified in its entirety by reference to the definitive amendments to the purchase agreement with Boeing, which the Company intends to file as exhibits to the Company's annual report on Form 10-K for the year ending December 31, 2024. Section 8 Other Events
01 Other Events
Item 8.01 Other Events. The Company accepted delivery of its first Boeing 737-8200 aircraft in September 2024, and following cessation of the recent machinist strike at Boeing, the Company expects it could receive up to three additional aircraft during fourth quarter 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Allegiant Travel Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 20, 2024 ALLEGIANT TRAVEL COMPANY By: /s/ Robert Neal Name: Robert Neal Title: Senior Vice President, Chief Financial Officer