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Dec 31, 2022
Allegiant Q4 2022 Earnings Report
Allegiant reported strong Q4 2022 earnings, driven by record TRASM and better than expected cost performance.
Key Takeaways
Allegiant Travel Company reported a net income of $52.5 million, with a diluted earnings per share of $2.87 for the fourth quarter of 2022. Total operating revenue increased by 32.6% compared to 2019, driven by a record TRASM of 14.03 cents. The company's adjusted operating margin was nearly 16% for the quarter.
Q4 2022 GAAP diluted earnings per share was $2.87.
Q4 2022 diluted earnings per share, excluding recognition bonus and Sunseeker special charges, was $3.17.
Total operating revenue increased by 32.6% year over three-year.
TRASM reached 14.03 cents, the highest quarterly TRASM in company history.
Revenue by Segment
Forward Guidance
Full-year 2023 guidance provided, subject to revision.
Positive Outlook
- System ASMs - year over year change: 2 to 6%
- Scheduled service ASMs - year over year change: 2 to 6%
- Earnings per share - airline only: $5.00 - $9.00
- Interest income (millions): $30 - $40
- Capitalized interest (1) (millions):($40) to ($50)
Challenges Ahead
- Fuel cost per gallon: $3.60
- Available seat miles (ASMs)/gallon: ~84
- Depreciation expense (millions): $230 to $240
- Interest expense (millions): $150 to $160
- Airline CAPEX Aircraft, engines, induction costs, and pre-delivery deposits (millions) (3): $550 to $570
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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