LAS VEGAS, Jan. 24, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2023 financial results conference call for Monday, February 5 at 12:30 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. The webcast will also be archived on the "Events & Presentations" section of the site. Allegiant – Together We FlyTM Las Vegas-based Allegiant (NASDAQ: ALGT ...

In the latest trading session, Allegiant Travel (ALGT) closed at $74.95, marking a +0.67% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 1.7%.Prior to today's trading, shares of the travel services company had lost 11.74% over the past month. This has lagged the Transportation sector's loss of 3.36% and the S&P 500's gain of 0.94% in that time.Market participants will be ...

One stock that might be an intriguing choice for investors right now is Allegiant Travel Company (ALGT) . This is because this security in the Transportation - AirlineSemiconductor Equipment - Material Service space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across ...

In the latest trading session, Allegiant Travel (ALGT) closed at $79.17, marking a +1.66% move from the previous day. This move outpaced the S&P 500's daily loss of 0.07%.Prior to today's trading, shares of the travel services company had gained 0.22% over the past month. This has lagged the Transportation sector's gain of 2.67% and the S&P 500's gain of 3.98% in that time.The upcoming earnings release of Allegiant Travel will be of great interest to investors. The company is predicted to post an EPS of -$1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission File Number 001-33166 algtheaderq417a17.jpg Allegiant Travel Company (Exact Name of Registrant as Specified in Its Charter) N ...

Financial Data and Key Metrics Changes - Allegiant Airlines generated an operating profit in Q3 2023, marking the 11th consecutive quarter of airline operating profits since Q1 2021 [5] - Year-to-date 2023 airline operating margin stands at 13%, leading the industry among reported figures [5] - Total operating revenue for Q3 was $565 million, up approximately 1% year-over-year, the highest for any third quarter in the company's history [34] - Adjusted consolidated net income was $2.7 million, with adjusted earnings per share of $0.09 [34] - Fuel costs increased sharply, with the cost per gallon reaching $3.09, a 15% increase from the previous quarter [35] Business Line Data and Key Metrics Changes - The airline's adjusted net income was $7.9 million, yielding an adjusted airline earnings per share of $0.31 [34] - Non-fuel unit costs increased by 9.5% year-over-year, driven by wage increases and lower asset utilization [36] - Ancillary revenue per passenger grew approximately 10% year-over-year, indicating strong performance in air ancillary products [30] Market Data and Key Metrics Changes - Allegiant expects to fly nearly 18 million customers in 2023, with 75% of routes being the only nonstop option available from the communities served [18] - Customer sentiment regarding the economy has worsened, with nearly 70% of surveyed customers feeling the economy is getting worse, yet travel intentions remain stable [23][24] Company Strategy and Development Direction - Allegiant is focusing on operational excellence and has implemented new management systems (SAP and Navitaire) to enhance efficiency [6][19] - The company plans to expand its fleet with the introduction of 737 MAX aircraft, which will improve fuel efficiency and operational flexibility [7][16] - Allegiant aims to maintain a flexible model that adjusts capacity based on customer demand, particularly during peak travel periods [8][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges broader macroeconomic uncertainties but believes Allegiant is well-positioned to reshape the leisure travel sector [15] - The company is committed to completing labor agreements with flight crews to support operational integrity [20] - Management expects to see benefits from recent investments in technology and fleet upgrades, which should enhance profitability in the coming years [37][41] Other Important Information - The opening of the Sunseeker Resort is scheduled for December 15, 2023, after delays, and is expected to contribute to future revenue [6][37] - Allegiant has identified over 1,400 potential new domestic routes for future expansion [11] Q&A Session Summary Question: How does the second half of the year impact decision-making for 2024? - Management noted that the first half of 2023 had stronger demand and profitability compared to the second half, which will inform capacity and market decisions for 2024 [44] Question: What is limiting aircraft utilization currently? - Constraints include labor issues and operational disruptions at airports, which have affected peak period flying [52][53] Question: What is the fleet plan for 2024? - The company is contracted to take delivery of two aircraft per month throughout 2024, with flexibility in the used fleet to manage uncertainties [57] Question: What are the expectations for Sunseeker's ramp-up in 2024? - Management indicated it is too early to provide guidance on financial performance from Sunseeker, but initial group bookings are promising [70][71] Question: What is the outlook for RASM and CASM in 2024? - Management expects a slight sequential increase in RASM from Q3 to Q4, with CASM anticipated to rise due to various operational factors [78][80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission File Number 001-33166 algtheaderq417a17.jpg Allegiant Travel Company (Exact Name of Registrant as Specified in Its Charter) Nevada ...

Financial Data and Key Metrics Changes - The company reported an operating margin of 18% and a controllable completion rate of 99.7% for Q2 2023, among the highest in the industry [5][31] - Adjusted net income for Q2 was $76.9 million, resulting in adjusted EPS of $4.35, consistent with 2019 earnings [31] - Total operating revenue reached $684 million, an increase of 8.6% year-over-year, with a 1.3% increase in capacity [31][34] - Nonfuel unit costs increased by 12.9% year-over-year, with pilot payroll accruals contributing 4 points to this increase [32] Business Line Data and Key Metrics Changes - The co-branded credit card program has issued over 600,000 cards, with cardholder spending increasing by 220% since 2019 [6] - Ancillary revenue per passenger exceeded $70, driven by the success of Allegiant Extra and bundled ancillary products [27] - Fixed fee revenue grew over 30% due to strong performance from both new and existing clients [27] Market Data and Key Metrics Changes - Domestic leisure travel demand remains strong, with the company capturing a significant portion of bookings from Allways Rewards members, who are 1.5 times more valuable than non-members [21][22] - Approximately 50% of surveyed customers indicated that economic conditions would not impact their flying behavior in the next 12 months [20] Company Strategy and Development Direction - The company is focused on enhancing the travel experience and operational performance, with a commitment to finalizing labor contracts as a top priority [6][7] - The opening of Sunseeker Resort is on track for mid-October, with significant bookings already secured [7][8] - Future expansion plans will not proceed without an equity partner, emphasizing a cautious approach to capital expenditures [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current operating environment, highlighting a 99.8% controllable completion factor year-to-date [11] - The company anticipates continued strong performance and has revised upward its guidance for the remainder of the year [10][34] - Management noted that the operational improvements have led to a reduction in irregular operation costs by $80 million compared to the previous year [11] Other Important Information - The company ended Q2 with $1.4 billion in available liquidity, including over $1 billion in cash and investments [34] - Capital expenditures for Q2 included $147 million related to aircraft purchases and $92 million for the Sunseeker Resort [35][36] Q&A Session Summary Question: What would you envision the segmentation mix for Sunseeker to be? - Management estimates that in 2024, group bookings could range from 12% to 18%, potentially increasing to 20% in subsequent years [40][41] Question: Can you provide color on the pilot bonus and its impact on attrition rates? - The pilot retention bonus has led to a significant reduction in attrition rates, with notices dropping from nearly one per day to a quarter of that number [52] Question: How do you see capacity growth in 2024 given the MAX delivery uncertainties? - Capacity growth in 2024 may be constrained due to training requirements for new aircraft, but management is optimistic about long-term growth plans [54][56]

Financial Performance - Operating revenue for Q1 2023 was $649.7 million, a 29.9% increase year-over-year[62] - Operating income was $94.8 million, resulting in an operating margin of 14.6%[62] - Operating cash inflows increased to $215.4 million in Q1 2023 from $176.0 million in Q1 2022, primarily due to a $64.0 million increase in net income[97] Revenue Sources - Passenger revenue increased by 31.3% compared to Q1 2022, driven by a 24.8% rise in average base fare[78] - The average ancillary revenue per passenger was $75.19, up 10.7% year-over-year, driven by core product strength[62] Passenger Metrics - Total passengers increased by 11.1% year-over-year to 4,148,453 in Q1 2023 from 3,734,262 in Q1 2022[91] - Revenue passenger miles (RPMs) rose by 10.3% to 3,925,362 thousand in Q1 2023 compared to 3,558,045 thousand in Q1 2022[91] - Load factor improved to 85.8%, a 6.9 percentage point increase from the previous year[62] Cost and Expenses - Aircraft fuel expense rose by $25.4 million, or 15.5%, due to an 11.4% increase in average fuel cost per gallon[82] - Salaries and benefits expense increased by $25.6 million, or 19.1%, attributed to a 17.1% rise in full-time equivalent employees[83] - Interest expense increased by $15.9 million, or 80.4%, due to new fixed-rate debt and a rise in the weighted average variable interest rate[88] Debt and Cash Position - Cash, cash equivalents, and investment securities rose to $1.08 billion as of March 31, 2023, up from $1.02 billion at December 31, 2022[92] - Total debt and finance lease obligations slightly increased to $2.13 billion as of March 31, 2023, from $2.12 billion at December 31, 2022[95] - Approximately 82% of the company's debt and finance lease obligations are fixed-rate as of March 31, 2023[96] Future Growth - The company has identified 1,400 incremental routes for future growth, with over 80% lacking current non-stop service[60] Fuel Cost Impact - Average fuel cost per gallon increased by 11.4% to $3.42 in Q1 2023 from $3.07 in Q1 2022[91] - A hypothetical 10% increase in the average price per gallon of fuel would have increased fuel expense by approximately $18.9 million for Q1 2023[107]

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $3.09 for Q1 2023, exceeding initial expectations and prompting an increase in full-year EPS guidance to approximately $9.75 per share [5][32] - Total revenue grew by 29% year-over-year, reaching $650 million, with a unit revenue increase of 28.8% compared to the same quarter last year [5][27][33] - Consolidated net income for Q1 2023 was $56.1 million, with an adjusted EPS of $3.04 [32] Business Line Data and Key Metrics Changes - The airline segment reported an airline-only EPS of $3.30, significantly ahead of expectations [32] - The Always Rewards credit card program saw record signups, with March being the best month ever, contributing to strong revenue performance [20][21] - Ancillary revenue per passenger reached $75 in Q1, indicating a healthy base for optimizing airfare [29] Market Data and Key Metrics Changes - The company experienced a load factor of 86% in Q1, with over 4.1 million guests traveling [5][6] - The customer database grew to 16.5 million, with an average increase of 225,000 customers per month [6] - Early booking indicators for the Sunseeker Resort showed promising results, with an average daily rate (ADR) of $407 and increasing to $540 in March [8][9] Company Strategy and Development Direction - The company aims to enhance guest experience and strengthen its brand, which is crucial for expanding its customer database [6] - Allegiant is focused on becoming the employer of choice, with ongoing negotiations for collective bargaining agreements with flight attendants and pilots [7][15] - The Sunseeker Resort is on track for an opening date of October 16, with a revised capital expenditure budget of $695 million [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about reaching agreements with team members and highlighted the importance of operational reliability [7][15] - The company anticipates a full-year airline earnings increase to $11 per share, despite trimming capacity guidance by 2.5 percentage points [12][34] - Management remains confident in the demand environment, with no significant booking impacts observed from macroeconomic pressures [27][30] Other Important Information - The company finished Q1 2023 with total available liquidity of $1.5 billion, including $1.1 billion in cash [35] - Allegiant plans to take delivery of three midlife A320 series and two 737 MAX 8-200 aircraft in 2023, with a focus on expanding its fleet [36][37] Q&A Session Summary Question: Capacity and CASM-X impacts - Management explained that the 9.8% increase in unit costs was influenced by various factors, including retention credits and airport-related costs [41] Question: Pilot situation and attrition - Management confirmed that attrition is in line with expectations, with new pilot hires exceeding initial plans [43] Question: First-time flyers and legacy carriers - Management noted that many first-time customers are choosing Allegiant due to price and non-stop flight options, especially in markets where legacy carriers have reduced service [47] Question: Revenue guidance and fuel price correlation - Management acknowledged a relationship between fuel prices and revenue but emphasized that Allegiant's approach has historically been to manage capacity in response to fuel price changes [49] Question: Guidance for the second quarter - Management indicated that while they expect flat performance in Q2, they are monitoring various factors that could influence capacity and revenue [52][54]