Why Allegiant Travel Stock Is Flying High Today

Allegiant Travel (NASDAQ: ALGT) blew away expectations for the most recent quarter, thanks to the continued strength of the U.S. travel consumer. The airline and hospitality company reported fourth-quarter adjusted earnings of $3.17 per share on revenue of $611.5 million, easily topping analyst expectations of $0.69 per share in earnings on revenue of $578 million. It's hard to say for sure whether the earnings-per-share number is a perfect comparison to what analysts had been expecting, as the headline number excluded employee recognition bonuses and some charges related to Allegiant's resort under development in Florida.