Allegiant Travel CEO John Redmond Resigns

RTTNews | 525 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 | 434 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 | 470 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 | 993 days ago
Oil Futures Settle Slightly Higher

Oil Futures Settle Slightly Higher

Oil futures settled slightly higher on Thursday after some wild swings amid uncertainty about the outlook for oil demand, and on possible excess supply in the market.
RTTNews | 6h 12min ago
U.S. Dollar Weakens As Tariff Concerns Ease

U.S. Dollar Weakens As Tariff Concerns Ease

The U.S. dollar declined against its major counterparts in the New York session on Thursday, as worries about tariffs eased following the Trump administration's decision to delay car tariffs for Canada and Mexico by a month.
RTTNews | 7h 3min ago
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland market ended weak on Thursday, after languishing in negative territory right through the day's session as worries about global growth due to stringent tariffs by the U.S. on imports from Canada and Mexico rendered the mood a bit bearish.
RTTNews | 7h 51min ago
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