Allegiant's Q1 2024 EPS beat with $681.5M cash on hand signals strong liquidity. Their lean cost structure and robust leisure travel demand mitigate default risk. No immediate covenant breaches. 98% NO — invalid if macro recession impacts leisure spend >30% by Q3.
Allegiant's Q1 2024 EPS beat with $681.5M cash on hand signals strong liquidity. Their lean cost structure and robust leisure travel demand mitigate default risk. No immediate covenant breaches. 98% NO — invalid if macro recession impacts leisure spend >30% by Q3.