NasdaqGS:ALGTAirlines
Allegiant Travel (ALGT): Losses Worsen but Earnings Forecast to Jump 99.56% Annually
Allegiant Travel (ALGT) remains in the red, posting losses that have deepened at an average rate of 19.8% per year over the past five years, with no improvement in its net profit margin over the last year. Even so, analysts are calling for a dramatic turnaround, forecasting earnings growth of 99.56% per year and expecting the company to become profitable within three years. This pace outstrips average market growth. Revenue, meanwhile, is expected to rise 5.3% per year.
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