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Sep 30, 2023
Allegiant Q3 2023 Earnings Report
Allegiant reported a net loss for Q3 2023, but airline operations remained profitable excluding special charges.
Key Takeaways
Allegiant Travel Company reported a net loss of $25.1 million, or $(1.44) per share, for the third quarter of 2023. However, excluding special charges, the company had diluted earnings per share of $0.09. Total operating revenue increased by 0.9% year-over-year to $565.4 million.
Third quarter 2023 GAAP diluted loss per share of $(1.44).
Third quarter 2023 diluted earnings per share, excluding special charges of $0.09.
Third quarter 2023 airline only diluted earnings per share, excluding special charges of $0.31.
Sunseeker Resort to open December 15, 2023
Revenue by Segment
Forward Guidance
Full-year 2023 guidance is subject to revision.
Positive Outlook
- System ASMs - year over year change ~1.8%
- Scheduled service ASMs - year over year change ~1.5%
- Depreciation expense (millions)$225 to $230
- Interest expense (millions)$145 to $150
- Interest income (millions)$40 to $45
Challenges Ahead
- Fuel cost per gallon $3.12
- Loss per share - Sunseeker, excluding specials ~($1.75)
- Airline CAPEX Aircraft, engines, induction costs, and pre-delivery deposits (millions)(4)$430 to $440
- Capitalized deferred heavy maintenance (millions)$60 to $70
- Other airline capital expenditures (millions)$150 to $155
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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