Allegiant Travel Company reported a challenging third quarter with a GAAP diluted loss per share of $(2.05). Despite headwinds from Crowdstrike and Hurricane Helene, the airline saw sustained demand and positive unit revenues in the final weeks of the quarter. Ancillary revenue per passenger increased to $74.02, driven by the Allegiant Extra product and cobrand credit card.
Total operating revenue was $562.2M, a decrease of 0.6 percent year-over-year.
GAAP diluted loss per share was $(2.05).
Ancillary revenue per passenger reached $74.02, up 3.1 percent year-over-year.
Total cobrand credit card remuneration received from Bank of America was $36.5M, up 18.7 percent from the prior year.
For the fourth quarter of 2024, Allegiant expects system ASMs and scheduled service ASMs to increase by approximately 1.5% year-over-year. The operating margin is projected to be between 6.0% and 8.0%, with airline-only earnings per share, excluding special charges, estimated between $0.50 and $1.50. Consolidated earnings per share, excluding special charges, are expected to be between $0.00 and $1.00.
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