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Dec 31, 2023
Allegiant Q4 2023 Earnings Report
Allegiant's Q4 2023 financial performance was mixed, with a GAAP diluted loss per share but positive results excluding special charges, and the successful opening of Sunseeker Resort.
Key Takeaways
Allegiant Travel Company reported a roughly flat total operating revenue year-over-year. The company saw a GAAP diluted loss per share of $(0.13), but a diluted earnings per share, excluding special charges, of $0.11. The Sunseeker Resort officially opened on December 15, 2023.
Total operating revenue was $611.0 million, roughly flat over the prior year.
GAAP diluted loss per share was $(0.13).
Diluted earnings per share, excluding special charges, was $0.11.
Sunseeker Resort officially opened on December 15, 2023.
Forward Guidance
Allegiant provided guidance for Q1 2024 and full year 2024.
Positive Outlook
- System ASMs - year over year change~1.0% (Q1 2024 airline-only guidance)
- Scheduled service ASMs - year over year change~1.0% (Q1 2024 airline-only guidance)
- Operating margin 8.0% to 10.0% (Q1 2024 airline-only guidance)
- Earnings per share, airline only $1.00 - $2.00 (Q1 2024 airline-only guidance)
- Earnings per share, consolidated $0.50 - $1.50 (Q1 2024 consolidated guidance)
Challenges Ahead
- System ASMs - year over year change 2.0% to 6.0% (Full-year 2024 airline-only guidance)
- Scheduled service ASMs - year over year change 2.0% to 6.0% (Full-year 2024 airline-only guidance)
- Interest expense $140 to $150 million (Full-year 2024 airline-only guidance)
- Airline full-year CAPEX Aircraft, engines, induction costs, and pre-delivery deposits $535 to $555 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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