Allegiant Travel(US:ALGT) Prnewswireยท2025-08-04 20:01Financial Performance - In Q2 2025, Allegiant Travel Company reported a GAAP diluted loss per share of $(3.62) and an adjusted diluted earnings per share of $1.23, down 30.5% year-over-year [1][8] - Total operating revenue for Q2 2025 was $689.4 million, a 3.5% increase from $666.3 million in Q2 2024 [8] - Total operating expenses rose to $756.9 million, a 19.9% increase compared to $631.4 million in the prior year [8] Operational Highlights - The company operated 37,000 flights in Q2 2025, achieving a 99.9% controllable completion factor, one of the highest in the industry [2] - Adjusted airline-only operating margin was 8.6%, surpassing initial projections despite a challenging demand environment [3] - Aircraft utilization improved by nearly 17% year-over-year, contributing to higher productivity [3] Revenue and Cost Management - Ancillary revenue per passenger improved by $3 during the first half of 2025, aided by new pricing tools and product expansions [4] - The company achieved a nearly 8% reduction in unit costs, excluding fuel and special charges, year-over-year [3] - Adjusted airline-only operating income was $57.8 million, yielding an adjusted airline-only operating margin of 8.6% [8] Future Outlook - The company forecasts flat full-year capacity for 2026, with MAX deliveries expected to serve as replacement aircraft [7] - Recent bookings indicate strengthening domestic demand for the second half of the year, although Q3 is typically the weakest quarter [5] - The company plans to continue focusing on core strengths and simplifying operations, including the pending sale of the Sunseeker Resort for $200 million [6][8] Balance Sheet and Liquidity - As of June 30, 2025, total liquidity was $1.1 billion, including $852.7 million in cash and investments [8] - Total debt stood at $2.0 billion, with net debt at $1.1 billion [8] - The company recorded $92.2 million in cash from operations during Q2 2025 [8]