Allegiant Travel(ALGT)
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Allegiant Travel(ALGT) - 2021 Q4 - Earnings Call Transcript
2022-02-03 04:00
Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $1.18 for Q4 2021, marking the third consecutive quarter of positive adjusted net income [25] - The full year adjusted operating margin was 6.6%, with adjusted net income of $35 million, indicating strong demand and revenue despite challenges [24] - Total revenue for Q4 was up 8% year-over-year, with a capacity increase of 13% [25] Business Line Data and Key Metrics Changes - Passenger revenue for Q4 exceeded 2019 levels by nearly 9%, while third-party revenue surpassed 2019 by nearly 54% [16] - The Allways Allegiant World MasterCard program saw a 27% increase in new card signups for the quarter, contributing to a 52% increase in brand compensation to Allegiant [17] Market Data and Key Metrics Changes - The company added nine cities to its network in 2021, broadening its reach and exposure [14] - The fourth quarter saw the introduction of 56 new routes and five new airports, with 10% of ASMs in their first year of operation [20] Company Strategy and Development Direction - Allegiant is focusing on enhancing its brand through investments in Allegiant Stadium and the Sunseeker project, which is expected to open with a revised budget of $585 million [10][15] - The company has placed a significant order with Boeing for 50 new aircraft, which will support its growth into international markets [10][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges posed by COVID-19 and rising input costs, emphasizing flexibility and opportunistic strategies [12][13] - The outlook for 2022 includes a comfortable full-year departure growth in the low double-digits compared to 2021, with expectations for earnings potential to improve as the environment normalizes [28] Other Important Information - The company has nearly $1.2 billion in cash, providing a strong balance sheet to support growth initiatives [10][29] - The average seat per departure is expected to increase, contributing to improved fuel efficiency and cost savings [32] Q&A Session Summary Question: Concerns about rising input costs and capacity growth - Management acknowledged the challenges posed by rising fuel prices and input costs, indicating that they are monitoring the situation closely and may adjust capacity accordingly [34][38] Question: Competitive routes and market dynamics - Management noted that 75% of their routes are non-competitive, allowing for greater pricing power and flexibility in capacity adjustments [47][50] Question: Impact of supply chain issues on operations - Management expressed uncertainty regarding the resolution of supply chain challenges but indicated that MRO activities are currently manageable [76][80]
Allegiant Travel(ALGT) - 2021 Q3 - Earnings Call Transcript
2021-10-28 04:46
Allegiant Travel Company (NASDAQ:ALGT) Q3 2021 Earnings Conference Call October 27, 2021 4:30 PM ET Company Participants Sherry Wilson – Director of Investor Relations Maury Gallagher – Chairman and Chief Executive Officer John Redmond – President Scott Sheldon – Executive Vice President and Chief Operating Officer Scott DeAngelo – Executive Vice President and Chief Marketing Officer Drew Wells – Senior Vice President of Revenue and Planning Greg Anderson – Executive Vice President and Chief Financial Offic ...
Allegiant Travel(ALGT) - 2021 Q3 - Quarterly Report
2021-10-27 16:00
SECURITIES AND EXCHANGE COMMISSION (Exact Name of Registrant as Specified in Its Charter) Nevada 20-4745737 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, 2021 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 Allegiant Travel Company (State or Other Jurisdiction of In ...
Allegiant Travel(ALGT) - 2021 Q2 - Quarterly Report
2021-07-29 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (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, 2021 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 Allegiant Travel Company (Exact Name of Registrant as Specified in Its Charter) Nevada 20-4745737 (State or Other Jurisdiction of Incorporation or ...
Allegiant Travel(ALGT) - 2021 Q2 - Earnings Call Transcript
2021-07-29 04:20
Allegiant Travel Company (NASDAQ:ALGT) Q2 2021 Earnings Conference Call July 28, 2021 4:30 PM ET Company Participants Sherry Wilson – Investor Relations Maury Gallagher – Chairman and Chief Executive Officer John Redmond – President Scott DeAngelo – Executive Vice President and Chief Marketing Officer Greg Anderson – Executive Vice President and Chief Financial Officer Drew Wells – Senior Vice President-Revenue and Planning Scott Sheldon – Executive Vice President and Chief Operating Officer Conference Cal ...
Allegiant Travel(ALGT) - 2021 Q1 - Earnings Call Transcript
2021-05-05 13:27
Allegiant Travel Company (NASDAQ:ALGT) Q1 2021 Earnings Conference Call May 4, 2021 4:30 PM ET Company Participants Sherry Wilson - IR Maury Gallagher - Chairman and Chief Executive Officer John Redmond - President Greg Anderson - EVP and Chief Financial Officer Scott Sheldon - EVP and Chief Operating Officer Scott DeAngelo - EVP and Chief Marketing Officer Drew Wells - SVP of Revenue and Planning Conference Call Participants Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Andrew Didora - ...
Allegiant Travel(ALGT) - 2020 Q4 - Earnings Call Transcript
2021-02-04 04:17
Allegiant Travel Company (NASDAQ:ALGT) Q4 2020 Earnings Conference Call February 3, 2021 4:30 PM ET Company Participants Sherry Wilson - Director of Investor Relations Maurice Gallagher - Chairman and Chief Executive Officer John Redmond - President Scott DeAngelo - Executive Vice President and Chief Marketing Officer Drew Wells - Senior Vice President of Revenue and Planning Gregory Anderson - Executive Vice President, Chief Financial Officer and Principal Accounting Officer Scott Sheldon - Executive Vice ...