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Jun 30, 2022
Allegiant Q2 2022 Earnings Report
Allegiant reported Q2 2022 earnings, with revenue reaching a record high but earnings pressured by high fuel costs and operating environment challenges.
Key Takeaways
Allegiant Travel Company reported strong second-quarter results with record revenue, driven by surging demand. Total operating revenue increased by 28.1% compared to 2019. However, earnings per share were pressured by heightened fuel prices and a challenging operating environment.
GAAP diluted earnings per share of $0.24.
Diluted earnings per share, excluding recognition bonus of $0.62.
Total operating revenue was $629.8 million, up 28.1 percent year over three-year.
TRASM up 15.7 percent for the quarter versus 2019, despite a 13.4 increase in scheduled service capacity.
Forward Guidance
The company expects continued focus on operational integrity and improving margins with major strategic initiatives including the Boeing MAX fleet integration and the opening of Sunseeker Resort Charlotte Harbor.
Positive Outlook
- System ASMs - year over three-year change ~16%
- Scheduled Service ASMs - year over three-year change ~18%
- Total operating revenue - year over three-year change ~29%
- Operating CASM, excluding fuel - year over three-year change ~10%
- Fuel cost per gallon $3.80
Historical Earnings Impact
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Avg. Return Before/After Earnings
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