{"id":808714,"date":"2025-02-04T16:03:44","date_gmt":"2025-02-04T21:03:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-fourth-quarter-and-full-year-2024-financial-results\/"},"modified":"2025-02-04T16:03:44","modified_gmt":"2025-02-04T21:03:44","slug":"allegiant-travel-company-fourth-quarter-and-full-year-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-fourth-quarter-and-full-year-2024-financial-results\/","title":{"rendered":"ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Fourth quarter<\/b>
\n 2024 GAAP diluted loss per share of $(12.00)\u00a0
<\/b>
\n Fourth quarter<\/b>
\n \u00a02024 adjusted airline-only diluted earnings per share of $3.00<\/span>(1)(3)(4)
<\/sup><\/b>
\n Fourth quarter<\/b>
\n \u00a02024 adjusted diluted earnings per share of\u00a0$2.10(1)(3)(4)<\/sup><\/b>\n <\/p>\n

\n Full-year 2024 GAAP diluted loss per share of $(13.49)<\/span>
<\/b>
\n Full-year 2024 adjusted airline-only diluted earnings per share of $5.84<\/span>(1)(3)(4)
<\/sup><\/b>
\n Full-year 2024 adjusted diluted earnings per share of $2.48<\/span>(1)(3)(4)<\/sup><\/b>\n <\/p>\n

\n *GAAP numbers include a one-time impairment charge in the estimated amount of $322M<\/span> related to Sunseeker Resort*<\/b>\n <\/p>\n

\n
\n LAS VEGAS<\/span>
\n <\/span>, Feb. 4, 2025<\/span><\/span> \/PRNewswire\/ — Allegiant Travel Company<\/b> (NASDAQ: ALGT) today reported the following financial results for fourth quarter and full-year 2024, as well as comparisons to the prior year:<\/p>\n

\n

\n
\n \"Allegiant
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Three Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Percent Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (unaudited) (in millions, except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n YoY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 627.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 611.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 891.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 600.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48.5\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n (264.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n (281.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net loss<\/span>\n <\/p>\n<\/td>\n

\n

\n (216.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted loss per share<\/span>\n <\/p>\n<\/td>\n

\n

\n (12.00)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.13)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sunseeker special charges, net of recoveries(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 325.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (86.4)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted income before income taxes(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 47.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 580.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net income(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 38.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,520.8\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted diluted earnings per share(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,809.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Airline only<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Three Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Percent Change(2)<\/sup><\/span><\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (unaudited) (in millions, except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n YoY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 609.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 608.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.3\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 531.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 587.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.5)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n 78.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 279.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline income before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 64.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 946.8\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (86.4)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only net income(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 55.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 249.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only operating margin(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 13.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only diluted earnings per share(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 3.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.86<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 248.8\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Twelve Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Percent Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (unaudited) (in millions, except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n YoY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,512.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,509.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,752.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,288.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20.3\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n (240.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 221.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n (308.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 159.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n (240.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 117.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted earnings (loss) per share<\/span>\n <\/p>\n<\/td>\n

\n

\n (13.49)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.29<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sunseeker special charges, net of recoveries(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 322.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 45.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted income before income taxes(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 60.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 187.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (67.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net income(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 45.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 136.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (66.5)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted diluted earnings per share(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.48<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.31<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (66.1)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Airline only<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Twelve Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Percent Change(2)<\/sup><\/span><\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (unaudited) (in millions, except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n YoY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,440.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,507.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,298.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,255.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n 142.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 251.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (43.5)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline income before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 94.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 188.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (49.9)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 45.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only net income(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 107.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 164.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (34.7)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only operating margin(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 7.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only diluted earnings per share(1)(3)(4)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 5.84<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.82<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (33.8)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n
\n

\n
\n
\n
\n (1)\u00a0 \u00a0 <\/sup>
\n <\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n
\n (2)\u00a0 \u00a0 <\/sup>
\n <\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Except adjusted airline-only operating margin which is percentage point change.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n
\n (3)\u00a0 \u00a0<\/sup>
\n <\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n In 2024 and 2023, we recognized certain expenses as special charges related to Airline activities, an impairment charge to\u00a0Sunseeker Resort, and damages to Sunseeker Resort. For a listing of these charges, see the special charges table in Appendix A of this earnings release. We sometimes refer to all special charges as “specials” in this earnings release.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n
\n (4)\u00a0 \u00a0 <\/sup>
\n <\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n In fourth quarter 2024, the Company incurred a $1.2M non-operating loss on the sale of an investment which is being added back in our adjusted results figures.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n
\n NM\u00a0\u00a0<\/sup>
\n <\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Not meaningful<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n *\u00a0 \u00a0<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Note that amounts may not recalculate due to rounding<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

“We finished the year strong with a fourth quarter adjusted airline-only earnings per share of $3.00<\/span>,” stated Gregory Anderson<\/span>, president and CEO of Allegiant Travel Company. “Thanks to the continued efforts of Team Allegiant, we made strides towards delivering on our three key initiatives outlined during 2024:<\/p>\n

    \n
  1. Peak Flying Restoration: Aircraft utilization during the holiday period averaged 9.6 hours per day, a 21% year-over-year increase, matching 2019 peak hours per day. The Team managed operations well, reaching a controllable completion rate of 99.7% in December.<\/li>\n
  2. Product Enhancements: Functionality of our third bundled product offering was restored, boosting ancillary revenue by over $1<\/span> per passenger. Combined with Allegiant Extra’s premium product success and our strong cobrand credit card program, we achieved a record total ancillary revenue of over $78<\/span> per passenger during the fourth quarter.<\/li>\n
  3. Fleet Integration: Three MAX aircraft were delivered this quarter, totaling four in service by year-end. Our robust and effective training program in place is providing for a smooth transition for our pilots to become certified to fly this new fleet type to Allegiant.<\/li>\n<\/ol>\n

    “The progress achieved during the quarter on these initiatives helped produce an adjusted airline-only operating margin of 13.2 percent, more than 6.5 points higher than the prior year.<\/p>\n

    “As we move into 2025, we remain focused on driving improved performance with a clear path ahead. Although our planned 17 percent increase in capacity this year will naturally pressure unit revenues, this growth should be accretive to earnings, as our infrastructure enables us to grow efficiently, and is expected to result in a sizable reduction in our unit costs.<\/p>\n

    “Capacity growth in 2025 will be achieved by higher aircraft utilization, particularly during peak leisure demand periods. We plan to take delivery of 9 MAX aircraft throughout the year, all of which have much greater earnings potential than the older A320 aircraft they will replace. Furthermore, we continue expanding our premium seating product with 56 aircraft currently fitted with Allegiant Extra, which is enhancing ancillary revenue per passenger. Collectively, these improvements are expected to result in a full-year, airline-only EPS, excluding special charges, of $9.00<\/span>, an expected increase of over 50 percent compared to 2024.<\/p>\n

    “We have progressed meaningfully with our comprehensive review of Sunseeker Resort. As a result we have launched a competitive process to sell at least a majority interest in the resort and are reviewing promising indications of interest from several investors. Given the uncertainty around the timing of any potential transaction, we will only be providing guidance for Sunseeker on a quarterly basis. That said, we expect the property will earn positive EBITDA of $2 million<\/span> during the first quarter, a nearly $7 million<\/span> EBITDA swing compared to the same quarter in 2024.<\/p>\n

    “Exiting 2024, we have turned a corner, setting the stage for an important year ahead. We are focused on performance and strong execution. The progress we’ve made through our key initiatives, ancillary revenue growth, and enhanced efficiency further strengthened our foundation. Thanks to the dedication of Team Allegiant, we are seeing remarkable improvements. Your efforts have once again helped land us near the top of the Wall Street Journal’s list of best airlines in 2024. I am excited for the opportunities ahead and look forward to building on this success in 2025.”<\/p>\n

    \n
    \n Fourth Quarter 2024 Results and Highlights<\/u>
    \n <\/b>\n <\/p>\n