Allegiant Travel CEO John Redmond Resigns

RTTNews | 417 days ago
Stocktwits
Allegiant Travel CEO John Redmond Resigns

(RTTNews) - Allegiant Travel Co. (ALGT) announced Thursday that John Redmond has resigned as chief executive officer and as a member of the Board of Directors effective immediately. Maurice Gallagher, former CEO, current executive chairman and one of the Company's largest stockholders, will resume the CEO role.

Gallagher, an innovator in the aviation industry, will also maintain his role as chairman of Allegiant's board.

Gallagher has spent more than four decades developing and building successful airline business models, culminating with Allegiant. When Gallagher took control of Allegiant in 2001, it had one airplane and was just emerging from bankruptcy.

Gallagher has grown the Company into one of the most profitable airlines in the world with more than 120 aircraft, operating more than 550 routes across more than 120 cities in the United States.

Tags: ALGT
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Allegiant Travel November Capacity Rises 9.3%

Allegiant Travel November Capacity Rises 9.3%

While reporting preliminary passenger traffic results for November 2023 on Thursday, integrated travel company Allegiant Travel Co. (ALGT) said it carried 1.33 million passengers across the total system in November 2023, up 9.2 percent from 1.22 million passengers in November 2022.
RTTNews | 326 days ago
Allegiant Travel October Capacity Rises 13.3%

Allegiant Travel October Capacity Rises 13.3%

While reporting preliminary passenger traffic results for October 2023 on Wednesday, integrated travel company Allegiant Travel Co. (ALGT) said it carried 1.44 million passengers in October 2023, up 12.8 percent from 1.28 million passengers in October 2022.
RTTNews | 362 days ago
Allegiant Travel May Capacity Rises 17.1%

Allegiant Travel May Capacity Rises 17.1%

While reporting preliminary passenger traffic results for May 2022 on Friday, integrated travel company Allegiant Travel Co. (ALGT) said it carried 1.47 million passengers in May 2022, up 40.0 percent from 1.05 million passengers in May 2021.
RTTNews | 885 days ago
Dollar Slips Against Major Counterparts

Dollar Slips Against Major Counterparts

The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise.
RTTNews | 5h 2min ago
Canadian Market Modestly Higher, Looks Headed For Positive Close

Canadian Market Modestly Higher, Looks Headed For Positive Close

The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserve's monetary policy moves.
RTTNews | 7h 17min ago
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves.
RTTNews | 8h 12min ago
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Monday as the mood remained cautious right through the day's session amid concerns over potential impacts of U.S. President-elect Donald Trump's global economic policies, and persisting worries about the tensions in the Middle East, and the Russia - Ukraine war.
RTTNews | 8h 56min ago
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