Allegiant Travel CEO John Redmond Resigns

RTTNews | 615 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 | 524 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 | 560 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 | 1083 days ago
U.S. Dollar Falls Amid Weak Data, Trade Tensions

U.S. Dollar Falls Amid Weak Data, Trade Tensions

The U.S. dollar slipped against its major counterparts in the New York session on Wednesday, following the release of weaker than expected economic data, as well as rising trade tensions.
RTTNews | 8 minutes ago
Swiss Market Ends Moderately Higher

Swiss Market Ends Moderately Higher

After a somewhat sluggish start, Swiss stocks gained in strength Wednesday morning and stayed firm right till the end of the session to sign off on a positive note.
RTTNews | 2h 29min ago
European Stocks Close Higher On Optimism About U.S. - EU Trade Talks

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European stocks closed higher on Wednesday amid slightly easing concerns about a trade war after EU trade chief said talks with the U.S. were advancing in the right direction. Investors also digested regional economic data and some corporate earnings updates, and looked ahead to the European Central Bank's monetary policy announcement on Thursday.
RTTNews | 2h 46min ago
Canadian Market Down In Negative Territory After BoC Holds Interest Rate

Canadian Market Down In Negative Territory After BoC Holds Interest Rate

After opening slightly up and advancing a bit, Canadian stocks retreated Wednesday morning, with investors digesting the Bank of Canada's rate decision, and assessing the prospects of trade negotiations with the U.S. in the wake of U.S. President Donald Trump doubling tariffs on steel and aluminum.
RTTNews | 3h 36min ago
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