LAS VEGAS, Aug. 13, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT), known for its commitment to convenient, nonstop air travel, today announced the addition of Atlantic City, New Jersey to the airline's growing network. Strengthening their position as a leader in leisure travel, Allegiant will serve four routes that connect popular coastal destinations. To celebrate, the company is offering one-way fares on the new routes as low as $39.*This announcement follows two recent route expansions, un ...

LAS VEGAS, July 28, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced seven new nonstop routes connecting 12 cities across the country, including a new destination: Fort Myers, Florida via Southwest Florida International Airport (RSW). To celebrate, the company is offering one-way fares on the new routes as low as $49.*The new routes, launching this fall, will provide convenient, nonstop service between these cities and expand Allegiant's growing presence in popular leisure destin ...

Business Model and Operations - Allegiant operates a unique leisure carrier model focusing on low-cost, low-utilization, and matching demand trends from small/medium cities to leisure destinations[6] - The company has diversified revenue streams, with airfare at $66.2 per passenger, air ancillary at $66.4 per passenger, and third-party revenue at $7.6 per passenger[6] - Allegiant's route network includes 558 routes, connecting 91 small/medium cities to 33 leisure destinations as of June 30, 2024[12] - The airline is increasing capacity during peak leisure months and reducing it during low-demand months, with 20% of departures per day in 2024[5] Fleet and Expansion - As of June 30, 2024, Allegiant operates 92 A320 and 34 A319 aircraft[7] - The company has an order book of 50 firm and 80 options for new aircraft[7] - The introduction of Boeing 737 aircraft is expected to increase fuel efficiency by up to 20% per passenger compared to the existing Airbus fleet[82] Financial Performance - Allegiant's total revenue for the trailing twelve months (TTM) as of June 30, 2024, was $2.5 billion[6] - The airline ended 2Q24 with approximately 525,000 total cardholders in its Allways Rewards Visa program[29] - The company's net debt as of 2Q24 is $1.368 billion, with a net debt to EBITDA ratio of 3.8x[67] - The airline's unrestricted cash and investments totaled $851 million as of 2Q24[69]

Core Viewpoint - PLAY is focusing on strengthening its presence in leisure markets and securing ACMI opportunities, which is reflected in its financial results and operational strategies for Q1 2025 [5][6][10]. Financial Performance - Total revenue for Q1 2025 was USD 46.4 million, down from USD 54.4 million in Q1 2024 [15]. - Net loss for Q1 2025 was USD 26.8 million, an improvement from USD 27.2 million in Q1 2024 [18]. - Operating revenue decreased to USD 59.0 million in Q1 2025 from USD 65.7 million in Q1 2024 [2]. - Operating expenses were USD 80.2 million in Q1 2025, down from USD 90.4 million in Q1 2024 [2]. - EBIT for Q1 2025 was negative USD 21.7 million, compared to negative USD 21.3 million in Q1 2024, indicating stable performance despite revenue decline [17]. Operational Statistics - The number of passengers carried in Q1 2025 was 286,000, down from 349,000 in Q1 2024, reflecting a load factor of 77.2% compared to 81.8% in the previous year [11][12]. - The number of flights decreased to 2,203 in Q4 2024 from 2,556 in Q4 2023 [2]. - The load factor improved to 82% in Q4 2024 from 78% in Q4 2023 [2]. Strategic Focus - The company has increased leisure capacity by 17% year-over-year in Q1 2025, aligning with its strategy to focus on leisure destinations [3][12]. - A long-term ACMI agreement was secured with SkyUp Malta for four aircraft through 2027, enhancing revenue stability [3][21]. - The company plans to operate a fleet of seven aircraft during peak summer months, with new destinations including Faro, Portugal, and Antalya, Turkey, starting in summer 2025 [20]. Cost Management - CASK in Q1 2025 was 6.06 US cents, compared to 5.91 US cents in Q1 2024, indicating a slight increase in costs [17]. - The average yield per passenger rose by 1.2% year-over-year, contributing to stable RASK performance [16]. Cash Position - The cash position at the end of Q1 2025 was USD 21.1 million, an increase from USD 17.2 million at the end of Q1 2024 [18][19]. - The company continues to focus on managing liquidity and optimizing working capital to support growth initiatives [19].