Here's What Key Metrics Tell Us About Allegiant Travel (ALGT) Q1 Earnings

Core Insights - Allegiant Travel reported revenue of $699.07 million for the quarter ended March 2025, reflecting a 6.5% increase year-over-year, and an EPS of $1.81 compared to $0.57 in the same quarter last year, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - Revenue of $699.07 million surpassed the Zacks Consensus Estimate of $690.25 million, resulting in a surprise of +1.28% [1] - EPS of $1.81 exceeded the consensus estimate of $1.54, delivering a surprise of +17.53% [1] - Total passenger revenue was reported at $616.75 million, compared to the average estimate of $605.58 million, marking a year-over-year increase of +6.4% [4] - Operating Revenues from third-party products were $35.20 million, slightly below the estimated $37.84 million, but still showing a +5.4% change year-over-year [4] - Fixed fee contracts revenue was $16.25 million, significantly lower than the estimated $22.04 million, representing a -13.8% change compared to the previous year [4] Key Metrics - Airline operating expense per ASM (CASM) was reported at 11.14 cents, better than the average estimate of 11.74 cents [4] - Available seat miles (ASMs) were 5.31 billion, exceeding the average estimate of 5.24 billion [4] - Revenue passenger miles (RPMs) were 4.27 billion, slightly below the estimated 4.28 billion [4] - Average fuel cost per gallon was $2.6, matching the average estimate [4] - Load factor was reported at 80.5%, slightly below the average estimate of 80.8% [4] - Airline operating CASM, excluding fuel, was 8.07 cents, outperforming the average estimate of 8.59 cents [4] - Total passenger revenue per ASM (TRASM) was 12.29 cents, slightly above the average estimate of 12.22 cents [4] Stock Performance - Allegiant Travel's shares returned +9.8% over the past month, while the Zacks S&P 500 composite increased by +11.5% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]