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Mar 31, 2024
Allegiant Q1 2024 Earnings Report
Reported a GAAP diluted loss per share of $(0.07) and diluted earnings per share, excluding special charges, of $0.57.
Key Takeaways
Allegiant Travel Company reported its Q1 2024 financial results, with a GAAP diluted loss per share of $(0.07). Excluding special charges, the diluted earnings per share was $0.57. The company's total operating revenue increased by 1.0 percent year-over-year to $656.4 million.
Total operating revenue increased by 1.0% year-over-year to $656.4 million.
Diluted earnings per share, excluding special charges, was $0.57.
Airline-only operating income, excluding specials, was $39.1 million, yielding an airline-only adjusted operating margin of 6.2 percent.
Total available liquidity at March 31, 2024, was $1.1 billion.
Revenue by Segment
Forward Guidance
The company provided guidance for the second quarter of 2024 and full-year 2024, subject to revision.
Positive Outlook
- System ASMs year-over-year change ~ (1.0%)
- Scheduled service ASMs year-over-year change ~ (1.0%)
- Fuel cost per gallon $2.90
- Operating margin 7.0% to 9.0%
- Airline-only earnings per share, excluding special charges $1.25 - $1.75
Challenges Ahead
- Consolidated earnings per share, excluding special charges $0.50 - $1.00
- System ASMs year-over-year change 2.0% to 4.0%
- Scheduled service ASMs year-over-year change 2.0% to 4.0%
- Interest expense (millions) $135 to $145
- Capitalized interest (millions) ($40) to ($50)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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