LAS VEGAS, Jan. 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2023, fourth quarter 2023, and full year 2023. Scheduled Service – Year Over Year Comparison December 2023 December 2022 Change Passengers 1,356,025 1,450,978 (6.5 %) Revenue passenger miles (000) 1,255,868 1,348,142 (6.8 %) Available seat miles (000) 1,521,846 1,591,240 (4.4 %) Load factor 82.5 % 84.7 % (2.2) pts Departures 9,52 ...

Delta Air Lines (DAL) kicked off the fourth-quarter 2023 earnings season for the airline industry on Jan 12, 2024. This Atlanta-based carrier reported better-than-expected earnings per share and revenues driven by buoyant holiday air travel demand.The increased demand also aided the results of United Airlines (UAL) , which reported its fourth-quarter 2023 numbers on Jan 22. At UAL, the top line increased 9.9% year over year. Notably, passenger revenues (which accounted for 91.1% of the top line) increased 1 ...

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]