Allegiant Travel Company Schedules Sunseeker Investor Call

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) will hold an investor call on August 5 at 12:30 p.m. EDT to discuss the restart of construction on its Sunseeker Resort Charlotte Harbor. The project was put on hold in March 2020 due to the pandemic. The resort will feature around 500 hotel rooms, conference space, and various dining options, aiming to attract leisure travelers in Florida. The location is strategically near Punta Gorda Airport, enhancing access for Allegiant's customers.

Positive

• Resumption of Sunseeker Resort Charlotte Harbor construction, indicating progress and potential for revenue growth.
• Project will create approximately 500 hotel rooms, boosting tourism and employment opportunities in the region.
• Strategic location near Punta Gorda Airport enhances access, capitalizing on Allegiant's direct-to-customer sales model.

Negative

• None.

LAS VEGAS, July 30, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled an investor call for Thursday, August 5 at 12:30 p.m. EDT to discuss the resumption of construction related to its Sunseeker Resort Charlotte Harbor project. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site. We plan to file a transcript of the call with the SEC as soon as practicable after the completion of the event.

Construction on the project – an integrated destination resort in southwest Florida – was suspended by the company in March 2020 due to the COVID-19 pandemic and its outsized impact on the travel and hospitality industries. The resort will feature approximately 500 hotel rooms, more than 180 suites, 55,000 square-feet of meeting and conference space, 19 restaurants and bars, and retail outlets along a scenic harbor walk.

Located near the Punta Gorda Airport (PGD), a base of operations for Allegiant Air, Sunseeker Resort Charlotte Harbor will be the largest and most unique resort in the region. In addition to its service to Punta Gorda, Allegiant currently operates flights from nearby St. Pete-Clearwater International Airport (PIE), Orlando Sanford International Airport (SFB) and Sarasota-Bradenton International Airport (SRQ) – all within a two-hour drive of Charlotte Harbor. In total, Allegiant currently flies nearly 8 million leisure travelers in and out of Florida every year. This nexus between air transportation and hospitality will afford easy access to the resort location, while capitalizing on Allegiant's direct-to-customer sales model.

Allegiant – Together We Fly^TM

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company's investor website: http://ir.allegiantair.com

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.

Media Inquiries: mediarelations@allegiantair.com
Investor Inquiries: Sherry Wilson: ir@allegiantair.com 

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SOURCE Allegiant Travel Company

FAQ

What is the date of Allegiant Travel Company's investor call?

The investor call is scheduled for August 5 at 12:30 p.m. EDT.

What will Allegiant discuss during the investor call on August 5?

Allegiant will discuss the resumption of construction on the Sunseeker Resort Charlotte Harbor.

When was the construction of the Sunseeker Resort Charlotte Harbor suspended?

Construction was suspended in March 2020 due to the COVID-19 pandemic.

What are the key features of the Sunseeker Resort Charlotte Harbor?

The resort will have around 500 hotel rooms, conference space, restaurants, and retail outlets.

How does the Sunseeker Resort enhance Allegiant's business model?

The resort's location near Punta Gorda Airport allows Allegiant to leverage its direct-to-customer sales model, improving customer access.