Allegiant Travel (ALGT) has disclosed a new risk, in the Employment / Personnel category.
Allegiant Travel faces a significant business risk due to its reliance on the contributions of a select few individuals, including CEO Maury Gallagher and President Gregory Anderson. The company’s current lack of key-man life insurance for these executives exacerbates the potential impact of their loss. The difficulty in replacing such central figures could lead to operational disruptions and strategic setbacks, thereby posing a threat to Allegiant Travel’s business stability and growth prospects.
The average ALGT stock price target is $86.22, implying 19.78% upside potential.
To learn more about Allegiant Travel’s risk factors, click here.
