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Dec 31, 2019
Allegiant Q4 2019 Earnings Report
Allegiant reported its 68th consecutive profitable quarter, with significant growth in operating margin and diluted earnings per share.
Key Takeaways
Allegiant Travel Company reported strong Q4 2019 financial results, marked by a 45.3% increase in diluted earnings per share to $3.72 and a 46.9% increase in operating income to $92.7 million. The airline's success was attributed to its team members and the transition to an all-Airbus fleet, which has improved operational efficiency and profitability.
Diluted earnings per share increased by 45.3% to $3.72.
Operating income increased by 46.9% to $92.7 million.
Airline operating margin increased to 21.3%, up 4.7 points year over year.
TRASM increased 2.5 percent despite capacity growth of 8.3 percent.
Revenue by Segment
Forward Guidance
Full year 2020 guidance is provided with fuel cost per gallon expected to be $2.15 and earnings per share between $16.50 and $19.00.
Positive Outlook
- Fuel cost per gallon: $2.15
- Available seat miles (ASMs) / gallon: 82.5 to 83.5
- Interest expense: $75 to $80 million
- Capitalized interest: $16 to $19 million
- Share count: 16.0 million
Challenges Ahead
- System ASMs - year over year change: 10 to 12%
- Scheduled service ASMs - year over year change: 10 to 12%
- Depreciation expense: $180 to $190 million
- Airline operating CASM excluding fuel - year over year change: (2) to 0%
- Airline CAPEX: $275 to $295 million
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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