{"id":847475,"date":"2025-05-06T16:05:12","date_gmt":"2025-05-06T20:05:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-first-quarter-2025-financial-results\/"},"modified":"2025-05-06T16:05:12","modified_gmt":"2025-05-06T20:05:12","slug":"allegiant-travel-company-first-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-first-quarter-2025-financial-results\/","title":{"rendered":"ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2025 FINANCIAL RESULTS"},"content":{"rendered":"
\n

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

\n

\n First quarter<\/b>
\n \u00a02025 GAAP diluted earnings per share of\u00a0$1.73<\/b>\n <\/p>\n

\n First quarter<\/b>
\n \u00a02025 adjusted airline-only diluted earnings per share of $2.11<\/span>(1)(2)<\/sup><\/b>\n <\/p>\n

\n First quarter<\/b>
\n \u00a02025 adjusted diluted earnings per share of\u00a0$1.81(1)(2)(3)<\/sup><\/b>\n <\/p>\n

\n
\n LAS VEGAS<\/span>
\n <\/span>, May 6, 2025<\/span><\/span> \/PRNewswire\/ — Allegiant Travel Company<\/b> (NASDAQ: ALGT) today reported the below financial results for first quarter 2025, as well as comparisons to the prior year:<\/p>\n

\n

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

“Team Allegiant executed a successful first quarter, delivering an airline-only operating margin of 9.3 percent, a three-point improvement from last year and among the best in the industry,” stated Gregory Anderson<\/span>, president and CEO of Allegiant Travel Company. “These financial results were underscored by our excellent operations, as the team achieved a 99.9 percent controllable completion during the quarter on 14.2 percent capacity growth.<\/p>\n

“A few months ago, there was optimism throughout the airline industry heading into 2025 due to a strong economy and solid demand trends. Unfortunately, headlines beginning in February drove broad economic uncertainty and decreased consumer confidence, which led to an industry reduction in near-term revenues, particularly during shoulder and off-peak periods. Despite these challenges, I am proud to report that the team delivered a first-quarter earnings result that was well within our initial guidance range.<\/p>\n

“However, heightened volatility is impacting domestic demand. Consequently, it is challenging to predict near-term demand, and we are therefore withdrawing our full-year 2025 guidance. Despite the macroeconomic uncertainty, we anticipate maintaining solid profitability by leveraging our flexible model to adjust capacity as needed. To date,\u00a0we have removed more than 7.5 points of capacity growth from May through August, primarily coming from off-peak periods. Booking trends over the past few weeks suggest a stabilizing demand environment, with indications of improvement observed over the past several days. Regardless, we will continue to adjust capacity aggressively during the remainder of the year while ensuring that we appropriately address the items within our control.<\/p>\n

“Allegiant has performed well during past downturns, thanks to our unique model that positions us for long-term success and stability. We expect to perform no differently during this period of uncertainty and remain confident in our ability to maintain profitability.<\/p>\n

“I extend my sincerest appreciation to Team Allegiant for all your efforts. You truly are the best in the business.”<\/p>\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 Summary Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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

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

\n

\n
\n Three Months Ended March 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 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

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

\n
\n 2024<\/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 699.1<\/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 656.4<\/span>\n <\/p>\n<\/td>\n

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

\n 6.5\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 634.1<\/span>\n <\/p>\n<\/td>\n

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

\n 641.0<\/span>\n <\/p>\n<\/td>\n

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

\n (1.1)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n 65.0<\/span>\n <\/p>\n<\/td>\n

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

\n 15.4<\/span>\n <\/p>\n<\/td>\n

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

\n 322.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 41.9<\/span>\n <\/p>\n<\/td>\n

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

\n (1.3)<\/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 32.1<\/span>\n <\/p>\n<\/td>\n

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

\n (0.9)<\/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 1.73<\/span>\n <\/p>\n<\/td>\n

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

\n (0.07)<\/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 charge recoveries, net(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n (2.9)<\/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 (61.1)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.4<\/span>\n <\/p>\n<\/td>\n

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

\n 14.9<\/span>\n <\/p>\n<\/td>\n

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

\n (90.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted income before income taxes(1)(2)(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 43.8<\/span>\n <\/p>\n<\/td>\n

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

\n 11.8<\/span>\n <\/p>\n<\/td>\n

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

\n 271.2\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net income(1)(2)(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 33.4<\/span>\n <\/p>\n<\/td>\n

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

\n 10.4<\/span>\n <\/p>\n<\/td>\n

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

\n 221.2\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted diluted earnings per share(1)(2)(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.81<\/span>\n <\/p>\n<\/td>\n

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

\n 0.57<\/span>\n <\/p>\n<\/td>\n

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

\n 217.5\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\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 March 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

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

\n
\n Percent Change(4)<\/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 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

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

\n
\n 2024<\/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 668.4<\/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 632.5<\/span>\n <\/p>\n<\/td>\n

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

\n 5.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 607.5<\/span>\n <\/p>\n<\/td>\n

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

\n 608.3<\/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 Airline operating income<\/span>\n <\/p>\n<\/td>\n

\n

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

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

\n 24.2<\/span>\n <\/p>\n<\/td>\n

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

\n 151.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 49.6<\/span>\n <\/p>\n<\/td>\n

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

\n 12.5<\/span>\n <\/p>\n<\/td>\n

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

\n 296.8\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Airline special charges(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.4<\/span>\n <\/p>\n<\/td>\n

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

\n 14.9<\/span>\n <\/p>\n<\/td>\n

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

\n (90.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only net income(1)(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 39.0<\/span>\n <\/p>\n<\/td>\n

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

\n 19.8<\/span>\n <\/p>\n<\/td>\n

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

\n 97.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only operating margin(1)(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 9.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 6.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 3.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only diluted earnings per share(1)(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.11<\/span>\n <\/p>\n<\/td>\n

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

\n 1.08<\/span>\n <\/p>\n<\/td>\n

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

\n 95.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

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

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

\n

\n
\n In Q1 2025 and Q1 2024, we recognized certain expenses as special charges related to Airline activities (accelerated depreciation on airframes identified for early retirement) and damages to Sunseeker Resort (charges due to weather events, net of recoveries). We sometimes refer to all special charges as “specials” in this earnings release. The adjusted numbers in this earnings release exclude the effect of these special charges.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n
\n In first quarter 2025, the Company incurred a $3.4M non-operating loss on the extinguishment of debt secured by Sunseeker Resort which is being added back, where appropriate, in our adjusted results.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n \u00a0Not meaningful<\/i><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n * <\/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

\n
\n First Quarter 2025 Results and Highlights<\/u>
\n <\/b>\n <\/p>\n