Revenue Performance - Fourth quarter 2024 total operating revenue was $627.7 million, a 2.7% increase from $611.0 million in Q4 2023[2] - Full-year 2024 total operating revenue reached $2.5 billion, up 0.1% year-over-year[3] - Total operating revenues for Q4 2024 increased by 2.7% year-over-year to $627.7 million, driven by a 20.6% increase in third-party products revenue[29] - Total operating revenues for the twelve months ended December 31, 2024, were $2,512.6 million, an increase from $2,440.8 million in 2023, representing a growth of 2.9%[56] Earnings and Losses - Fourth quarter 2024 adjusted airline-only diluted earnings per share was $3.00, a significant increase of 248.8% compared to $0.86 in Q4 2023[3] - Full-year 2024 adjusted airline-only diluted earnings per share was $5.84, down 33.8% from $8.82 in 2023[3] - The company recorded a net loss of $216.2 million in Q4 2024, compared to a net loss of $2.0 million in Q4 2023[2] - The company reported a net loss of $240.24 million for the twelve months ended December 31, 2024, compared to a net income of $117.60 million in 2023[36] - The company reported a net loss of $216.2 million for Q4 2024, compared to a loss of $2.0 million in Q4 2023, and a net loss of $240.2 million for the full year 2024, down from a profit of $117.6 million in 2023[58] Operating Expenses - Operating expenses for Q4 2024 rose by 48.5% year-over-year to $891.7 million, with significant increases in special charges and maintenance costs[29] - Total operating expenses rose to $2,752.6 million in 2024, compared to $2,288.9 million in 2023, marking an increase of 20.3%[38] - The company reported total operating expenses of $2,752.6 million for the twelve months ended December 31, 2024, compared to $2,298.6 million in 2023, an increase of 19.7%[56] Capacity and Guidance - The company plans a 17% increase in capacity for 2025, which is expected to pressure unit revenues but improve earnings due to efficient growth[5] - First quarter 2025 airline-only guidance projects a year-over-year change in System ASMs of approximately 13.5% and Scheduled service ASMs of approximately 14.0%[18] - Full-year 2025 airline-only guidance anticipates a year-over-year change in System ASMs of approximately 16.0% and Scheduled service ASMs of approximately 17.0%[18] Special Charges and Impairments - Special charges, net of recoveries, amounted to $368.13 million for the twelve months ended December 31, 2024, compared to $28.65 million in 2023[36] - The company incurred $321.8 million in impairment charges related to Sunseeker for the three months ended December 31, 2024[55] - The company incurred special charges of $368.1 million for the twelve months ended December 31, 2024, compared to $28.6 million in 2023, indicating increased restructuring costs[57] Liquidity and Debt - Total available liquidity at December 31, 2024, was $1.1 billion, including $832.8 million in cash and investments[16] - Total debt decreased to $2,066.5 million in 2024 from $2,259.6 million in 2023, representing a reduction of 8.5%[41] - Unrestricted cash and investments increased to $832.8 million in 2024, up 99.5% from $143.3 million in 2023[41] Passenger Metrics - Total passengers for the three months ended December 31, 2024, were 3,999,879, a decrease of 3.5% from 4,145,771 in 2023[34] - Total passengers carried decreased by 2.1% to 16,982,836 in 2024 from 17,342,236 in 2023[40] Fuel Costs and Load Factor - The average fuel cost per gallon decreased by 22.1% to $2.50 for the three months ended December 31, 2024, down from $3.21 in 2023[34] - The average fuel cost per gallon decreased to $2.76 in 2024 from $3.09 in 2023, a decline of 10.7%[40] - The load factor for scheduled service decreased to 80.2% for the three months ended December 31, 2024, compared to 83.3% in the same period of 2023[34] - The load factor for scheduled services dropped to 83.6% in 2024 from 85.9% in 2023, a decrease of 2.3 percentage points[40] Non-GAAP Measures - The company highlighted the importance of non-GAAP measures like EBITDA for evaluating operating performance and liquidity, which may not be comparable to similar measures used by other companies[50] - The SEC's Regulation G requires the company to reconcile non-GAAP measures to the most comparable GAAP measures, ensuring transparency in financial reporting[52]

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, 2024 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 (Stat ...

Financial Data and Key Metrics - Q3 2024 airline operating income was positive despite being the seasonally weakest quarter, with a consolidated net loss of $36.1 million and an EBITDA margin of 8.2% [42] - Q4 2024 airline operating margin is expected to be around 7%, with a four-point headwind from hurricane impacts, excluding which the margin would have been in the low-double-digits [11] - Total liquidity at the end of Q3 was $1.1 billion, including $805 million in cash and investments, and $275 million in undrawn revolver capacity [49] - Consolidated net leverage at the end of Q3 was 4.1x, with expectations to begin modest deleveraging from here [51] Business Line Performance - Q3 2024 airline revenue was $549 million, down slightly year-over-year due to pilot crew hour constraints, CrowdStrike outage, and hurricane impacts [26] - TRASM (Total Revenue per Available Seat Mile) strengthened each month of Q3, coming in at $0.1221, 300 basis points higher than initial guidance [26] - Allegiant Extra, the premium cabin configuration, is performing well, with revenue production maintained above $3 per passenger on flights with the extra layout [35] - Loyalty program revenue is up approximately 20% year-to-date, reflecting strong customer relationships [36] Market Performance - Approximately 37% of Q4 2024 anticipated seats were in markets affected by hurricanes Helene and Milton, with 25% of seat capacity still impacted to varying degrees [30][31] - December ASMs (Available Seat Miles) are expected to grow approximately 16% year-over-year, with the majority of growth occurring over the holiday period [32] - The company anticipates affected markets in Florida and Asheville will largely recover by Q1 2025 [11] Strategic Direction and Industry Competition - The company is focused on three key near-term priorities: restoring peak period utilization, bringing MAX aircraft into service, and driving higher unit revenues [13] - The first MAX aircraft entered revenue service in mid-October, with early results showing significant operating efficiencies, including up to 26% improvement in fuel burn [14][15] - The company has a unique business model with 75% of routes having no direct non-stop competition, and in many markets, it is the largest carrier [20][21] Management Commentary on Operating Environment and Future Outlook - Management is pleased with the execution of the strategic plan and strong demand in unaffected markets, despite challenges from hurricanes and the Boeing strike [18] - The company expects to restore historical profitability levels at the airline and is focused on optimizing the Sunseeker Resort asset [24] - Management is optimistic about 2025, with expectations of improved cash burn at Sunseeker and continued margin expansion at the airline [58] Other Important Information - The company has identified approximately $20 million in annual run-rate cost savings through organizational realignment and other cost actions [12] - The Boeing strike has created uncertainty in the delivery schedule, with the company planning to end 2024 with just one MAX aircraft in service [53] - The company expects to take delivery of 11 MAX aircraft in 2025 and retire 10 A320ceo family aircraft, resulting in a net fleet increase of one unit [55] Q&A Session Summary Question: Capacity and utilization trends - The company is focusing on peak period utilization, with December utilization expected to approach 2019 levels, and further improvements anticipated in 2025 [62][63][64] Question: Allegiant Extra and premium seating - The company has retrofitted 13 aircraft in Q3 and plans to add another 14 before Thanksgiving, bringing the total to over 50 aircraft with Allegiant Extra [65][69] Question: Sunseeker Resort recovery and FEMA business - The resort experienced minimal damage from hurricanes, and the company is seeing recovery business, including FEMA bookings, with group business moving to 2025 [73][74][75][76] Question: Hurricane impact on RASM - The hurricanes had an outsized impact on RASM due to reduced demand in affected markets, with Asheville expected to take time to recover [79][80] Question: Capacity growth and CASM for 2025 - The company expects to grow ASM capacity by about 5% in 2025 to keep CASM-ex flat, with potential for higher growth due to existing infrastructure [84][85] Question: Navitaire optimization - The majority of the Navitaire optimization benefits are expected in the back half of 2025, with expanded bundle offerings already showing benefits [90][91] Question: Fleet management and airlines within an airline - The company plans to isolate different fleet types by base to mitigate complexity, with MAX aircraft expected to operate on higher utilization routes [94][95][96] Question: Sunseeker strategic process - The company is focused on optimizing the resort, exploring distribution partnerships, and seeking strategic capital partners, with no change in the thesis despite hurricane impacts [100][101] Question: Premium pricing opportunities - The company is testing premium pricing, with early results showing higher ceilings than previously seen, indicating potential for further premium pricing growth [104] Question: Full aircraft utilization - The company is focused on restoring peak period utilization to 2019 levels, with off-peak utilization constrained by fuel costs [106][107] Question: Sunseeker holiday bookings - Holiday bookings for Sunseeker are trending well, with Q1 2025 group business already on the books and expected to drive positive EBITDA [110][111][112] Question: CapEx outlook for 2025 and 2026 - The company expects total CapEx for 2025 to be between $400 million and $500 million, with further updates expected in January [115] Question: Pilot strike risk - The company is committed to finding common ground with pilots through mediation and aims to deliver a contract that supports the business model [117][118] Question: Sunseeker EBITDA and asset value - The company is assessing the impact of Hurricane Milton on Sunseeker's EBITDA, with damage to the property excluded from the $25 million to $30 million EBITDA loss range [120][121] - The company has approximately $650 million to $700 million in unencumbered assets, including aircraft and spare engines [123] Question: Margin potential in 2025 - The company expects meaningful margin expansion in 2025, driven by restoring peak utilization and executing on strategic initiatives [126] Question: Q4 RASM guidance - The Q4 RASM guidance of down 4.5% includes hurricane-related impacts and growth pressures, with the bulk of the headwind coming from December growth [128] Question: Sunseeker book value and potential sale - The book value of Sunseeker is in the mid-$600 million range, with potential for a partial sale to be reported as a special item depending on circumstances [131][134] Question: Capacity growth and market mix - The company expects 75% to 80% of capacity growth to come from existing routes, with some new market opportunities also being explored [139][140] Question: Sunseeker Q1 2025 outlook - The company expects positive EBITDA in Q1 2025 for Sunseeker, driven by strong group business and ADRs north of $300 [142]

Exhibit 99.1 ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2024 FINANCIAL RESULTS Third quarter 2024 GAAP diluted loss per share of $(2.05) Third quarter 2024 diluted loss per share, excluding special charges, of $(2.02) Third quarter 2024 airline only diluted loss per share, excluding special charges, of $(0.49) (1)(3) (1)(3) LAS VEGAS. October 30, 2024 — Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2024, as well as comparisons to the prior year: | - ...

Financial Performance - Operating income for Q2 2024 was $34.9 million, with an operating margin of 5.2%, while total operating revenue decreased by 2.6% to $666.3 million compared to Q2 2023[70]. - Passenger revenue decreased by 7.5% in Q2 2024, primarily due to an 11.0% drop in average scheduled service base fare and a 3.1% decrease in passengers flown[88]. - Total average ancillary fare increased by 5.0% to $75.34 in Q2 2024, driven by growth in seats, bags, and co-brand credit card revenue[70]. - The company recorded a special charge of $20.1 million in Q2 2024, which included a ratification bonus of $10.8 million for flight attendants and $9.3 million for accelerated depreciation due to early aircraft retirements[70]. - Salaries and benefits expense increased by $32.8 million, or 18.5 percent, in Q2 2024 compared to Q2 2023, driven by a 10.2 percent increase in full-time equivalent employees and a $23.7 million accrual for pilot retention bonuses[92]. - Aircraft fuel expense rose by $7.4 million, or 4.6 percent, in Q2 2024, primarily due to a 5.2 percent increase in average fuel cost per gallon[93]. - Depreciation and amortization expense increased by $11.4 million, or 21.2 percent, in Q2 2024, largely due to $6.0 million related to the Sunseeker Resort[94]. - Passenger revenue decreased by $77.6 million, or 6.2 percent, for the six months ended June 30, 2024, attributed to an 8.0 percent decrease in average scheduled service base fare[101]. - Third-party products revenue increased by $15.6 million, or 28.3 percent, for the six months ended June 30, 2024, driven by a 38.4 percent increase in co-brand credit card revenues[101]. - Operating CASM, excluding fuel, increased by 9.9 percent to 8.54 cents for the six months ended June 30, 2024, primarily due to a $64.4 million increase in salaries and benefits expense[103]. - Special charges recorded in Q2 2024 totaled $18.1 million, including $9.3 million of accelerated depreciation from the early retirement of 21 airframes[96]. - Interest expense for the quarter increased by $1.8 million, primarily due to a $58.5 million increase in outstanding principal[97]. - Income tax expense for Q2 2024 was $4.3 million at an effective tax rate of 24.0 percent, compared to $27.9 million at the same rate in Q2 2023[98]. - Other operating expense increased by $2.5 million, or 7.7 percent, in Q2 2024, driven by an $8.1 million increase in Sunseeker Resort operating expenses[95]. Operational Efficiency - The airline's controllable completion factor was 99.7% in Q2 2024, indicating high operational efficiency[70]. - The airline's operating CASM, excluding fuel and special charges, increased by 5.6% to 8.23 cents in Q2 2024 compared to Q2 2023[91]. - Total passengers decreased by 2.8% year-over-year to 4,621,848 in Q2 2024[1]. - Available seat miles (ASMs) decreased by 0.8% year-over-year to 5,013,209 thousands in Q2 2024[1]. - Airline operating expense per ASM (CASM) increased by 9.2% year-over-year to 12.02 cents in Q2 2024[1]. - Total passenger revenue per ASM (TRASM) decreased by 4.5% year-over-year to 13.03 cents in Q2 2024[1]. Cash Flow and Debt - Cash, cash equivalents, and investment securities decreased to $851.1 million as of June 30, 2024, from $870.7 million at December 31, 2023[19]. - Debt and finance lease obligations decreased by $44.5 million to $2.24 billion as of June 30, 2024[21]. - Operating cash inflows provided $236.7 million during the six months ended June 30, 2024, compared to $346.6 million in the same period of 2023[22]. - Cash used for investing activities was $109.8 million during the six months ended June 30, 2024, compared to $517.8 million in the same period of 2023[23]. - Current share repurchase authority is $75.7 million, with no repurchases made since December 2023[20]. Fuel and Commodity Risks - Aircraft fuel expenses accounted for 26.7% of total operating expenses for the six months ended June 30, 2024[131]. - A hypothetical 10% increase in the average price per gallon of fuel would have increased fuel expenses by approximately $34.6 million[131]. - As of June 30, 2024, the company had $434.9 million of variable-rate debt, with a potential $2.2 million increase in interest expense for a 100 basis point change in interest rates[132]. - The company is subject to market risks, particularly related to commodity prices such as aircraft fuel[130]. - The company does not hedge fuel price risk, exposing it to volatility in fuel costs[131]. Strategic Initiatives - The company has signed agreements with Boeing for 50 new 737 MAX aircraft, with expectations of only four deliveries in 2024 due to ongoing delays[73][74]. - The Sunseeker Resort opened in December 2023, but is expected to incur losses in its first year of operations despite positive customer reviews[83]. - The ability to successfully operate the Sunseeker Resort is a key strategic focus for future growth[126]. - Forward-looking statements include expectations regarding aircraft utilization and revenue management system improvements[125]. - The company has a joint alliance planned with VivaAerobus, which may impact future operations[125]. - Risks include reliance on third parties for aircraft delivery and potential regulatory impacts on operations[126].

Financial Data and Key Metrics Changes - The company reported consolidated net income of $32.5 million for Q2 2024, yielding an earnings per share (EPS) of $1.77, with consolidated EBITDA at $118.3 million and an EBITDA margin of 17.8% [39] - Adjusted net income at the airline was $41 million, resulting in an airline EPS of $2.24, driven by stronger than anticipated top-line revenue and better cost performance [40] - Average fuel cost was $2.83 per gallon, slightly below the guidance of $2.90, with an estimate of $2.80 for Q3 [40] Business Line Data and Key Metrics Changes - Airline revenue for Q2 2024 was $649.5 million, with a TRASM of $13.03, marking a year-over-year decrease of approximately 4.5% [33] - The airline achieved a controllable completion factor of 99.7%, among the best in the industry, and an adjusted operating margin of 10.3% [17] - Ancillary revenue increased year-over-year in Q2, highlighting improvements despite the loss of functionality with the Navitaire system [20] Market Data and Key Metrics Changes - The company noted that nearly half of its customers have annual household incomes exceeding $100,000, indicating a strong customer base [28] - The net promoter score rose to 67%, a 12-point increase from the previous quarter, reflecting improved customer satisfaction [28] Company Strategy and Development Direction - The company is focused on increasing peak period utilization, optimizing the Navitaire revenue management system, and integrating new Boeing aircraft into service [16] - The management team is exploring strategic alternatives for Sunseeker, including potential divestment, while working with Prospect Hotel Advisors to improve financial performance [25][66] - The company aims to grow profitably with 75% of its routes being non-competitive, positioning itself well for future growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to return to acceptable margin profiles by increasing utilization and operational efficiency [38] - The airline industry is facing challenges due to capacity issues and regulatory changes, but Allegiant's unique business model is expected to provide resilience [11][12] - The company anticipates improved performance starting later in 2024 and into 2025 as it executes its strategic initiatives [21] Other Important Information - The company suspended its dividend to focus on managing liquidity and preparing for aircraft deliveries [43] - The forecasted cash loss for Sunseeker for the year is approximately $15 million, with a full-year EBITDA loss of $25 million [25] Q&A Session Summary Question: What is the timeline for Sunseeker to reach profitability? - Management indicated that they are exploring all options, including optimizing the existing asset and engaging with potential strategic partners, but did not provide a specific timeline for profitability [52][66] Question: What is limiting the company from achieving desired aircraft utilization? - The main constraints have been stabilized staffing levels, particularly with pilots, and inefficiencies related to Boeing delivery delays [58][61] Question: What is the catalyst for the review of Sunseeker's performance? - The review was prompted by the need to assess the property's performance and explore strategic alternatives as the company gears up for peak periods in 2025 [66]

Exhibit 99.1 ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2024 FINANCIAL RESULTS Second quarter 2024 GAAP diluted earnings per share of $0.75 Second quarter 2024 diluted earnings per share, excluding special charges, of $1.77 Second quarter 2024 airline only diluted earnings per share, excluding special charges, of $2.24 (1)(3) (1)(3) ANNOUNCED STRATEGIC REVIEW OF SUNSEEKER RESORT LAS VEGAS. July 31, 2024 — Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quar ...

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 March 31, 2024 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 ...

Allegiant Travel Company (NASDAQ:ALGT) Q1 2024 Earnings Conference Call May 7, 2024 12:30 PM ET Company Participants Sherry Wilson - Managing Director of Investor Relations Maury Gallagher - Executive Chairman and CEO Greg Anderson - President Micah Richins - President of Sunseeker Resorts Scott DeAngelo - EVP and Chief Marketing Officer Drew Wells - SVP and Chief Revenue Officer Robert Neal - SVP and Chief Financial Officer Conference Call Participants Helane Becker - TD Cowen Ravi Shanker - Morgan Stanley ...

Financial Performance - First quarter 2024 total operating revenue was $656.4 million, a 1.0% increase year-over-year[2] - First quarter 2024 total operating expense increased by 15.5% to $641.0 million compared to $554.9 million in the prior year[2] - First quarter 2024 diluted earnings per share, excluding special charges, was $0.57, down 81.3% from $3.04 in the previous year[2] - Airline operating revenue for the first quarter 2024 was $632.5 million, a decrease of 2.6% year-over-year[3] - Operating income fell significantly by 83.7% to $15.4 million from $94.8 million year-over-year[27] - Net loss for the period was $0.9 million, compared to a net income of $56.1 million in the same quarter of 2023[27] - Earnings per share (EPS) for common shareholders was a loss of $0.07, down from a profit of $3.09 in the previous year[27] - Reported net income for 2024 was $(0.9) million, a significant decrease from $56.1 million in 2023[44] - Airline net income excluding special charges for 2024 was $19.8 million, down from $59.9 million in 2023[44] - Operating income as reported (GAAP) for 2024 was $15.4 million, compared to $94.8 million in 2023[46] - Airline operating income excluding special charges for 2024 was $39.1 million, down from $97.6 million in 2023[46] - Consolidated EBITDA for 2024 was $79.2 million, a decrease from $149.5 million in 2023[51] - Airline EBITDA excluding special charges for 2024 was $97.0 million, down from $152.2 million in 2023[51] Revenue Breakdown - Passenger revenue decreased by 4.8% year-over-year to $579.9 million from $609.3 million[27] - Third-party products revenue increased by 28.3% to $33.4 million compared to $26.0 million in the prior year[27] - Sunseeker Resort reported total operating revenues of $23.9 million during its first quarter of operation, with an occupancy rate of approximately 40%[15] Expenses and Costs - Salaries and benefits expenses increased by 33.6% to $213.3 million from $159.6 million year-over-year[27] - Aircraft fuel costs decreased by 10.3% to $170.1 million compared to $189.5 million in the same period last year[27] - Special charges, net of recoveries, amounted to $13.1 million, compared to a recovery of $1.6 million in the prior year[27] - Total operating expenses rose by 15.5% to $641.0 million from $554.9 million in the same period last year[27] - Total airline operating expense excluding special charges for 2024 was $593.4 million, compared to $552.1 million in 2023[46] - Cost per available seat mile (CASM) for 2024 was 13.43 cents, an increase from 11.86 cents in 2023[50] Capacity and Operations - Total passengers decreased by 1.1% year-over-year to 4,104,860 in Q1 2024 from 4,148,453 in Q1 2023[32] - Available seat miles (ASMs) increased by 2.0% year-over-year to 4,771,971 thousand in Q1 2024 from 4,677,622 thousand in Q1 2023[32] - System available seat miles for 2024 were 4,772 million, up from 4,677.6 million in 2023[50] - Airline operating expense per ASM (CASM) rose by 8.1% year-over-year to 12.75 cents in Q1 2024 from 11.80 cents in Q1 2023[32] Future Projections - Second quarter 2024 airline-only earnings per share, excluding special charges, is projected to be between $1.25 and $1.75[17] - Full-year 2024 airline-only guidance anticipates a year-over-year change in system ASMs of 2.0% to 4.0%[17] - Diluted earnings per share excluding special charges for 2024 was $1.08, down from $3.30 in 2023[44] Cash and Debt Management - Total available liquidity as of March 31, 2024, was $1.1 billion, including $853.7 million in cash and investments[16] - Total unrestricted cash and investments decreased by 2.0% to $853.7 million as of March 31, 2024, from $870.7 million as of December 31, 2023[34] - Total debt decreased by 0.5% to $2,248.8 million as of March 31, 2024, from $2,259.6 million as of December 31, 2023[34] Pricing and Sales - Average fare for scheduled service decreased by 5.0% year-over-year to $74.98 in Q1 2024 from $78.93 in Q1 2023[32] - Percent of sales through the website increased by 0.9 percentage points to 96.5% in Q1 2024 from 95.6% in Q1 2023[32]