Allegiant Travel Reports Q4 Earnings Beat, Shares Surge - ALGT

[Para 1: The Lead] Allegiant Travel Co. (ALGT) exceeded Wall Street earnings expectations in Q4, reporting a net income of $31.9 million, or $1.73 per share, up significantly from a loss in the same period last year. The company's revenue of $656.2 million surpassed forecasts. [Para 2-3: Supporting details & Context] Allegiant Travel's earnings per share, adjusted for non-recurring costs, were $2.86, well above the $2.01 per share expected by analysts. For the fiscal year, the company reported a narrowed loss of $44.7 million, or $2.48 per share. Revenue for the year was $2.61 billion. Looking ahead, Allegiant Travel forecasts Q1 earnings between $2.50 and $3.50 per share. Shares of ALGT have climbed 17% year-to-date, reaching $100.15 in the latest trading session, a 1% increase over the last 12 months.