Skift Take
Most airlines prefer to focus on their core business — transporting passengers. But Allegiant executives have always thought outside-the-box, and historically that has been good for investors. Perhaps the airline is considering a new way to increase revenues?
Is Allegiant Air planning to enter the hotel business?
That was the rumor Tuesday on the airline's first quarter earnings call, when analyst Joseph W. DeNardi of Stifel asked about "discussion" in industry circles that Allegiant was "looking to get into the hotel business, acquiring a property." He asked what Allegiant's strategy might be, and how much money Allegiant might spend on an investment.
Allegiant's top two executives — CEO Maury Gallagher and President John Redmond — declined to confirm DeNardi's comment, nor would they share share details on what a possible acquisition might entail, or where the hotel might be. But neither told DeNardi he was wrong.
"We have been looking at alternatives and one of the things that we want to do is enhance our ability to
