Allegiant Travel Company

Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline. The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment represents activity related to the development and construction of Sunseeker Resort in Southwest Florida, as well as the operation of Kingsway Golf Course. The Other non-Airline segment includes the Teesnap golf course management solution and Allegiant Nonstop family entertainment centers. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Allegiant Travel overcomes challenges, eyes growth through strategic initiatives

Allegiant Travel Company navigated challenges in Q4 2022 to achieve strong financial performance.
The company's focus on existing market growth and operational integrity positions it well for the future.
Opportunities in partnerships, insurance coverage, and strategic investments offer avenues for growth.
Challenges like pilot availability and inflationary pressures require proactive management.
headline

Allegiant Travel beats earnings expectations, eyes long-term growth opportunities

Allegiant Travel Company's Q1 performance exceeded expectations, with strong revenue growth and operational metrics showcasing resilience and continuous improvement.
While facing challenges from pilot inefficiency, labor costs, and capacity reductions, Allegiant remains focused on long-term value and profitability.
Opportunities in the Sunseeker Resort project, operational enhancements, and targeted strategies for leisure travel demand position Allegiant for future growth.
Maintaining strong liquidity and a commitment to operational reliability and brand integrity underscore Allegiant's positive outlook for the future.
Despite short-term challenges, Allegiant's financial performance and strategic focus highlight a path towards sustained success and profitability.

Allegiant Travel reports strong Q2 performance and strategic growth outlook

Allegiant Travel Company's Q2 performance reflects operational excellence, customer engagement, and promising revenue prospects, supported by strategic initiatives and strong demand for Sunseeker Resort.
While facing short-term financial challenges and cost pressures, Allegiant's focus on pilot recruitment, fleet expansion, and revenue optimization presents opportunities for sustainable growth and market leadership.
Overall, Allegiant's performance highlights resilience, strategic foresight, and a commitment to enhancing shareholder value, positioning the company for long-term success in the competitive airline industry.

Allegiant Travel reports 11th consecutive quarter of airline profits

Allegiant Travel Company (ALGT) continues its streak of airline operating profits, emphasizing cost discipline and strategic investments. Despite challenges like high fuel prices and tough competition, the company's focus on reshaping the leisure travel sector and driving revenue growth presents significant opportunities. With a strong performance in Q3 and a strategic approach to capacity management, Allegiant is poised for continued success.

Allegiant Travel reports record revenue, faces challenges with Sunseeker

Allegiant Travel Company's Q4 2023 Earnings Call highlighted strong financial performance, operational gains, and strategic initiatives to drive revenue growth and margin restoration. Despite challenges with Sunseeker's delayed contribution and ATI approval delays, the company remains focused on leveraging strengths in customer loyalty and brand demand.

Allegiant Travel Company faces Q1 challenges, eyes operational enhancements

Allegiant Travel Company faced challenges in Q1 2024 with below-expectation results and operational hurdles.
Despite setbacks, the company aims to enhance margins through strategic initiatives and revenue diversification.
Sunseeker Resorts' challenges and industry dynamics require ongoing adaptation and operational improvements.
Efforts to optimize operations, increase aircraft utilization, and focus on revenue streams highlight Allegiant's resilience and growth potential.

Allegiant Travel navigates challenges, eyes growth opportunities in 2025

Allegiant Travel Company faced operational challenges but is actively working to mitigate financial impacts and improve performance in 2025.
Despite concerns such as Boeing delays and industry challenges, Allegiant's unique business model and growth outlook position the company for future success.
The company's focus on revenue growth, operational efficiency, and strategic decision-making reflects a commitment to driving profitability and long-term value.
Analysts' questions and executive discussions highlighted areas of concern and strategic considerations, underscoring the need for proactive management and operational adjustments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Allegiant Travel Co. engages in the provision of leisure travel services. It operates through the Airline and Sunseeker Resort segments. The Airline segment involves the scheduled service air transportation, ancillary air-related and third-party products and services, fixed fee contract air transportation, and other airline-related revenue. The Sunseeker Resort segment includes hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, the Aileron Golf Course, and other resort amenities. The company was founded in January 1997 and is headquartered in Las Vegas, NV.

High fuel costs are hurting Allegiant Travel's (ALGT) bottom line.

Allegiant Travel (ALGT) Down 24.4% Year to Date: What Ails It?

Alaska Air Group

Some major passenger carriers are being forced to trim their flying schedules due to the uptick in jet fuel prices, which have been driving by an increase in oil prices.

Airlines slash flights amid rising fuel, oil prices

Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?

Allegiant Travel (ALGT) Down 7.4% Since Last Earnings Report: Can It Rebound?

PORT CHARLOTTE, Fla., Feb. 16, 2022 /PRNewswire/ -- The highly anticipated Sunseeker Resort Charlotte Harbor  announces today that the property is officially accepting guest reservations for stays beginning May 2023.

SUNSEEKER RESORT CHARLOTTE HARBOR NOW ACCEPTING RESERVATIONS FOR 2023 OPENING

LAS VEGAS, Feb. 15, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2022. Scheduled Service – Year Over Three-Year Comparison January 2022 January 2019 Change Passengers 942,857 924,957 1.9% Revenue passenger miles (000) 902,934 857,008 5.4% Available seat miles (000) 1,306,832 1,054,498 23.9% Load factor 69.1% 81.3% (12.2pts) Departures 8,102 6,782 19.5% Average stage length (miles) 916 901 1.7% Total System* - Year Over Three-Year Comparison January 2022 January 2019 Change Passengers 948,665 930,238 2.0% Available seat miles (000) 1,334,024 1,080,826 23.4% Departures 8,291 6,981 18.8% Average stage length (miles) 914 898 1.8% Scheduled Service – Year Over Year Comparison January 2022 January 2021 Change Passengers 942,857 547,824 72.1% Revenue passenger miles (000) 902,934 507,818 77.8% Available seat miles (000) 1,306,832 885,121 47.6% Load factor 69.1% 57.4% 11.7pts Departures 8,102 5,607 44.5% Average stage length (miles) 916 904 1.3% Total System* - Year Over Year Comparison January 2022 January 2021 Change Passengers 948,665 550,704 72.3% Available seat miles (000) 1,334,024 906,452 47.2% Departures 8,291 5,757 44.0% Average stage length (miles) 914 902 1.3% *Total system includes scheduled service and fixed fee contract.

ALLEGIANT REPORTS JANUARY 2022 TRAFFIC

John Redmond will take over the role of Allegiant's (ALGT) chief executive officer from Maurice J. Gallagher, who has been associated with the company for more than a decade.

Allegiant Travel (ALGT) Appoints John Redmond as the New CEO

LAS VEGAS, Feb. 7, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that Maurice J. Gallagher, Jr., Allegiant chairman and chief executive officer, will assume the role of executive chairman of the board, while John Redmond, company president, will take on the additional role of chief executive officer.

ALLEGIANT TRAVEL COMPANY ANNOUNCES EXECUTIVE TRANSITION

Improvement in air-travel demand boosts Allegiant's (ALGT) fourth-quarter 2021 results.

Allegiant (ALGT) Q4 Earnings Beat Estimates, Increase Y/Y

Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q4 2021 Earnings Call Transcript

Allegiant Travel (ALGT) delivered earnings and revenue surprises of 4.42% and 4.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Allegiant Travel (ALGT) Surpasses Q4 Earnings and Revenue Estimates

LAS VEGAS, Feb. 2, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full year 2021, as well as comparisons to prior years:   Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 496.9 $ 246.6 $ 461.1 101.5 % 7.8 % Total operating expense 463.6 270.2 368.4 71.6 25.8 Operating income (loss) 33.3 (23.6) 92.7 241.0 (64.0) Income (loss) before income taxes 15.1 (39.2) 78.6 138.6 (80.7) Net income (loss) 10.7 (28.8) 60.5 137.1 (82.3) Diluted earnings (loss) per share $ 0.59 $ (1.79) $ 3.72 133.0 (84.1)   Twelve Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 1,707.9 $ 990.1 $ 1,841.0 72.5 % (7.2) % Total operating expense 1,444.8 1,271.1 1,477.0 13.7 (2.2) Operating income (loss) 263.1 (281.0) 364.0 193.6 (27.7) Income (loss) before income taxes 196.6 (361.1) 301.2 154.5 (34.7) Net income (loss) 151.9 (184.1) 232.1 182.5 (34.6) Diluted earnings (loss) per share $ 8.68 $ (11.53) $ 14.26 175.3 (39.1)   Consolidated - adjusted Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 451.2 $ 254.4 $ 368.4 77.4 % 22.5 % Adjusted operating income (loss) (1) (2) 45.7 (7.8) 92.7 685.9 (50.7) Adjusted income (loss) before income taxes (1) (2) 27.5 (23.4) 78.6 217.5 (65.0) Adjusted net income (loss) (1) (2) 21.3 (18.0) 60.5 218.3 (64.8) Adjusted diluted earnings (loss) per share (1) (2) $ 1.18 $ (1.12) $ 3.72 205.4 (68.3)   Twelve Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 1,595.7 $ 1,130.2 $ 1,477.0 41.2 % 8.0 % Adjusted operating income (loss) (1) (2) 112.2 (140.1) 364.0 180.1 (69.2) Adjusted income (loss) before income taxes (1) (2) 45.7 (193.6) 301.2 123.6 (84.8) Adjusted net income (loss) (1) (2) 35.1 (149.1) 232.1 123.5 (84.9) Adjusted diluted earnings (loss) per share (1) (2) $ 2.04 $ (9.33) $ 14.26 121.9 (85.7) (1) Adjusted numbers exclude COVID related special charges, the net benefit from the payroll support programs, when applicable, and profit sharing bonus accruals (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "We finished the year with adjusted earnings per share (1) of $2.04, one of the only domestic carriers to record a full-year adjusted profit," stated Maurice J.

ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL RESULTS

Allegiant (ALGT) plans to add nine new non-stop routes to destinations like Nashville, Savannah, Roanoke and San Diego.

Allegiant (ALGT) to Add Nine New Non-Stop Routes This Spring

LAS VEGAS, Feb. 1, 2022 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces nine new nonstop routes beginning service this spring. To celebrate, Allegiant is offering one-way fares on the new routes as low as $39.

ALLEGIANT ANNOUNCES NINE NEW NONSTOP ROUTES LAUNCHING THIS SPRING WITH FARES AS LOW AS $39*

Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allegiant Travel (ALGT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Allegiant's (ALGT) scheduled load factor expands 24.6 points year over year to 78.8% in December 2021.

Allegiant (ALGT) Posts Impressive December Traffic Figures

Strong balance sheet aids Allegiant (ALGT). However, rising fuel costs is a concern.

Solid Cash Position Aids Allegiant (ALGT), High Fuel Costs Hurt

LAS VEGAS, Jan. 18, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2021, fourth quarter 2021, and full year 2021. "Fourth quarter scheduled capacity was up 14.5 percent as compared with 2019, in line with our initial expectations," stated Drew Wells, senior vice president of revenue.

ALLEGIANT REPORTS DECEMBER 2021 TRAFFIC

LAS VEGAS, Jan. 11, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its full year and fourth quarter 2021 financial results conference call for Wednesday, February 2 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.

ALLEGIANT TRAVEL COMPANY SCHEDULES FULL YEAR AND FOURTH QUARTER 2021 EARNINGS CALL

Boeing

Allegiant Air ordered 30 Boeing 737 MAX 7 and 20 Boeing 737 MAX 8-200. Many factors, besides pricing, play a role in the selection of the Boeing 737 MAX.

Allegiant Air: Boeing Wins After Strategic Shift

Industry expert Henry Harteveldt told Insider Alleginat's order makes sense because of the jet's impressive operating capabilities.

Ultra-low-cost airline Allegiant is flipping its business strategy by buying 50 Boeing 737 MAX jets

Allegiant Air executives staged an investor call on Thursday to assuage fears that adding 50 new Boeing Co 737 MAX jets to its fleet of used Airbus jets would undermine the carrier's cost advantage.

Allegiant Air CEO defends new Boeing 737 MAX order

Boeing reached an agreement to sell 50 737 MAX planes to low-cost US carrier Allegiant Air, with an option for another 50, the companies announced Wednesday.

Allegiant Air orders 50 Boeing 737 MAX jets with option for 50 more

Allegiant Travel Co (NASDAQ: ALGT) inked an agreement with Boeing Co (NYSE: BA) to purchase 50 new 737 MAX aircraft. Financial terms not disclosed.

Allegiant To Buy Boeing Aircraft For The First Time, Orders 50 New 737 Aircraft

Allegiant Air is ordering up to 100 of Boeing's 737 MAX jets in a deal valued at roughly $10 billion based on list prices.

Boeing Stock Rises on New 737 MAX Order

Shares of Boeing Co. BA, +2.78% rose 0.9% in premarket trading Wednesday, after the aerospace and defense giant said Allegiant Travel Co.'s ALGT, +1.16% Allegiant Air has ordered 50 737 MAX jets, with options to buy an additional 50 jets. Allegiant's stock fell 2.1% ahead of the open.

News for Allegiant Travel Company Stock (ALGT)