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Jun 30, 2021
Allegiant Q2 2021 Earnings Report
Allegiant's financial performance demonstrated a strong recovery, with leisure demand returning to pre-pandemic levels and strategic investments positioning the company for future growth.
Key Takeaways
Allegiant Travel Company reported a GAAP fully diluted earnings per share of $5.49 for the second quarter of 2021. Total operating revenue was $472.4 million, a 254.3% increase compared to the same quarter in the previous year, but a 3.9% decrease compared to the second quarter of 2019. The company's strong liquidity position, with $1.2 billion in cash on hand, supports future growth initiatives, including fleet expansion and the launch of a new loyalty program.
GAAP earnings per share were $5.49, and adjusted earnings per share were $3.46.
Total operating revenue reached $472.4 million, demonstrating a significant recovery from the previous year.
The company sustained yield strength throughout the quarter, with yield up 7.8% year over two-year on scheduled service capacity increases of 4.5%.
Cash and investments totaled $1.2 billion, up from $728 million at the end of the previous quarter.
Revenue by Segment
Forward Guidance
The company expects capacity to increase nearly 20 percent, year over two-year, during the third quarter of 2021.
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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