{"id":905403,"date":"2025-11-04T16:40:12","date_gmt":"2025-11-04T21:40:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-third-quarter-2025-financial-results\/"},"modified":"2025-11-04T16:40:12","modified_gmt":"2025-11-04T21:40:12","slug":"allegiant-travel-company-third-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-travel-company-third-quarter-2025-financial-results\/","title":{"rendered":"ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2025 FINANCIAL RESULTS"},"content":{"rendered":"
\n

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

\n

\n Third quarter<\/b>
\n \u00a02025 GAAP diluted loss per share of\u00a0$(2.41)
<\/b>
\n Third quarter<\/b>
\n \u00a02025 adjusted airline-only loss per share of $(1.64)<\/span>(1)(2)
<\/sup><\/b>
\n Third quarter<\/b>
\n \u00a02025 adjusted loss per share of $(2.09)<\/span>(1)(2)<\/sup><\/b>\n <\/p>\n

\n
\n LAS VEGAS<\/span>
\n <\/span>, Nov. 4, 2025<\/span><\/span> \/PRNewswire\/ — Allegiant Travel Company<\/b> (NASDAQ: ALGT) today reported the below financial results for third quarter 2025, as well as comparisons to the prior year.<\/p>\n

\n

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

“The airline has always been Allegiant’s central focus, and I’m proud of how Team Allegiant continues to execute at a high level,” stated Gregory Anderson<\/span>, chief executive officer of Allegiant Travel Company. “At an airline, everything begins and ends with running a safe and reliable operation. Impressively, we maintained our industry-leading controllable completion factor of 99.9 percent during the quarter while flying nearly 33,000 departures and transporting 4.6 million passengers – both marking third-quarter records.<\/p>\n

“Our outstanding operational performance is reinforced by our customers, as our net promoter scores are near all-time highs, reaffirming the loyalty and strength of our brand. This is further evidenced by our recognition \u2014 for the seventh consecutive year \u2014 in USA Today’s Readers’ Choice Awards for Best Airline Credit Card, and for the second consecutive year as Best Frequent Flyer Program.\u00a0\u00a0<\/p>\n

“During the third quarter, which is our seasonally weakest quarter of the year, steady booking improvements led to a moderate operating loss, but at the favorable end of our guided range. Our focus on cost discipline was highlighted again this quarter, with CASM excluding fuel down 4.7 percent over the prior year. Year-to-date, the team has achieved an adjusted CASM, excluding fuel decrease of nearly seven percent.\u00a0\u00a0<\/p>\n

“Turning toward the fourth quarter, leisure booking momentum has continued, with holiday demand shaping up nicely. We now expect a double-digit fourth-quarter operating margin, yielding a full-year airline-only operating margin of around seven percent. As a result, we’re raising our airline-only full-year EPS guidance to more than $4.35<\/span> per share.<\/p>\n

“Throughout 2025, the team has executed very well on our key initiatives, which include restoring peak utilization, expanding the rollout of our Allegiant Extra premium product, further integrating our MAX aircraft – ending the year with 16 in service – and realizing benefits from our Navitaire enhancements. Combined with disciplined cost control, these factors position us well for margin expansion and long-term value creation.<\/p>\n

“I want to thank our entire team for their hard work and dedication, which have meaningfully strengthened our foundation as the leading leisure carrier in the U.S. Developing top talent is key to sustained value creation, and I am therefore pleased to announce the promotion of Robert “BJ” Neal to president, where he will continue to serve as chief financial officer. Over his 18 years at Allegiant, serving in various roles, BJ’s leadership has been instrumental in our success. His strategic and operational expertise will be vital as we continue strengthening and growing our core airline 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\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 September 30,<\/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 561.9<\/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 562.2<\/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 589.1<\/span>\n <\/p>\n<\/td>\n

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

\n 588.5<\/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 Operating loss<\/span>\n <\/p>\n<\/td>\n

\n

\n (27.2)<\/span>\n <\/p>\n<\/td>\n

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

\n (26.3)<\/span>\n <\/p>\n<\/td>\n

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

\n (3.4)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (52.2)<\/span>\n <\/p>\n<\/td>\n

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

\n (43.4)<\/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 Net loss<\/span>\n <\/p>\n<\/td>\n

\n

\n (43.6)<\/span>\n <\/p>\n<\/td>\n

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

\n (36.8)<\/span>\n <\/p>\n<\/td>\n

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

\n (18.5)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (2.41)<\/span>\n <\/p>\n<\/td>\n

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

\n (2.05)<\/span>\n <\/p>\n<\/td>\n

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

\n (17.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sunseeker special charges, net(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

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

\n 1.1<\/span>\n <\/p>\n<\/td>\n

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

\n (45.5)\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 2.9<\/span>\n <\/p>\n<\/td>\n

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

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

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

\n (62.3)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

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

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

\n (34.7)<\/span>\n <\/p>\n<\/td>\n

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

\n (37.2)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (37.7)<\/span>\n <\/p>\n<\/td>\n

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

\n (36.1)<\/span>\n <\/p>\n<\/td>\n

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

\n (4.4)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (2.09)<\/span>\n <\/p>\n<\/td>\n

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

\n (2.02)<\/span>\n <\/p>\n<\/td>\n

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

\n (3.5)\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 September 30,<\/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 552.6<\/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 549.1<\/span>\n <\/p>\n<\/td>\n

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

\n 0.6\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 572.8<\/span>\n <\/p>\n<\/td>\n

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

\n 556.2<\/span>\n <\/p>\n<\/td>\n

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

\n 3.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (20.2)<\/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 NM<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (41.2)<\/span>\n <\/p>\n<\/td>\n

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

\n (18.6)<\/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(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 7.7<\/span>\n <\/p>\n<\/td>\n

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

\n (62.3)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only net loss(1)(2)(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n (29.5)<\/span>\n <\/p>\n<\/td>\n

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

\n (8.8)<\/span>\n <\/p>\n<\/td>\n

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

\n NM<\/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 (3.1)\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

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

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

\n (3.2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted airline-only diluted loss per share(1)(2)(3)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n (1.64)<\/span>\n <\/p>\n<\/td>\n

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

\n (0.49)<\/span>\n <\/p>\n<\/td>\n

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

\n NM<\/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 Nine Months Ended September 30,<\/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 1,950.4<\/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 1,884.9<\/span>\n <\/p>\n<\/td>\n

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

\n 3.5\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 1,980.1<\/span>\n <\/p>\n<\/td>\n

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

\n 1,860.9<\/span>\n <\/p>\n<\/td>\n

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

\n 6.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n (29.7)<\/span>\n <\/p>\n<\/td>\n

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

\n 24.0<\/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 (98.8)<\/span>\n <\/p>\n<\/td>\n

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

\n (26.8)<\/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 (76.6)<\/span>\n <\/p>\n<\/td>\n

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

\n (24.0)<\/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 (4.26)<\/span>\n <\/p>\n<\/td>\n

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

\n (1.38)<\/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(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 100.9<\/span>\n <\/p>\n<\/td>\n

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

\n (2.6)<\/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(2)<\/sup><\/b><\/span>\n <\/p>\n<\/td>\n

\n

\n 18.9<\/span>\n <\/p>\n<\/td>\n

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

\n 42.6<\/span>\n <\/p>\n<\/td>\n

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

\n (55.6)\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 25.6<\/span>\n <\/p>\n<\/td>\n

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

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

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

\n 93.9\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 18.4<\/span>\n <\/p>\n<\/td>\n

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

\n 6.8<\/span>\n <\/p>\n<\/td>\n

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

\n NM<\/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 1.00<\/span>\n <\/p>\n<\/td>\n

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

\n 0.35<\/span>\n <\/p>\n<\/td>\n

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

\n NM<\/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 Nine Months Ended September 30,<\/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 1,889.7<\/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 1,831.1<\/span>\n <\/p>\n<\/td>\n

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

\n 3.2\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 1,805.9<\/span>\n <\/p>\n<\/td>\n

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

\n 1,767.0<\/span>\n <\/p>\n<\/td>\n

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

\n 2.2\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 83.8<\/span>\n <\/p>\n<\/td>\n

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

\n 64.1<\/span>\n <\/p>\n<\/td>\n

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

\n 30.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 38.2<\/span>\n <\/p>\n<\/td>\n

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

\n 29.4<\/span>\n <\/p>\n<\/td>\n

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

\n 29.9\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 18.9<\/span>\n <\/p>\n<\/td>\n

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

\n 42.6<\/span>\n <\/p>\n<\/td>\n

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

\n (55.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 43.7<\/span>\n <\/p>\n<\/td>\n

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

\n 51.9<\/span>\n <\/p>\n<\/td>\n

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

\n (15.8)\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 5.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 5.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n (0.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 2.37<\/span>\n <\/p>\n<\/td>\n

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

\n 2.83<\/span>\n <\/p>\n<\/td>\n

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

\n (16.3)\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)<\/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 2025 and 2024, we recognized certain expenses as special charges related to Airline activities (including accelerated depreciation on airframes identified for early retirement, ratification bonuses, and corporate restructuring costs), the sale of Sunseeker Resort and Aileron Golf Course, and weather-related damages at Sunseeker Resort (net of recoveries). For a listing of these charges, see the special charges table in Appendix A of 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 2025, the Company incurred losses on debt extinguishment related to prepayment of debt facilities. These are added back in the adjusted results where applicable.<\/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
\n Not meaningful<\/i>
\n <\/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 Third Quarter 2025 Results and Highlights<\/u>
\n <\/b>\n <\/p>\n