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Dec 31, 2024
Allegiant Q4 2024 Earnings Report
Allegiant reported mixed results in Q4 2024, with a GAAP diluted loss per share but positive adjusted earnings, driven by strong ancillary revenue and cost management initiatives.
Key Takeaways
Allegiant Travel Company reported a GAAP diluted loss per share of $(12.00) for Q4 2024. However, the company's adjusted airline-only diluted earnings per share was $3.00, and adjusted diluted earnings per share was $2.10. Total operating revenue increased by 2.7% year-over-year to $627.7 million. The results were influenced by a one-time impairment charge related to Sunseeker Resort.
GAAP diluted loss per share was $(12.00), impacted by a one-time impairment charge related to Sunseeker Resort.
Adjusted airline-only diluted earnings per share reached $3.00, reflecting strong performance in the airline segment.
Total operating revenue increased by 2.7% year-over-year to $627.7 million.
Record total average ancillary fare of $78.43 per passenger, up 7.4 percent year-over-year.
Revenue by Segment
Forward Guidance
For Q1 2025, Allegiant anticipates a system ASM year-over-year increase of approximately 13.5% and expects adjusted airline-only earnings per share to range from $1.75 to $2.75. For the full year 2025, the company projects a system ASM increase of around 16.0% and adjusted airline-only earnings per share between $7.75 and $10.25.
Positive Outlook
- System ASMs are expected to increase by approximately 13.5% year-over-year.
- Scheduled service ASMs are projected to increase by about 14.0% year-over-year.
- Fuel cost per gallon is estimated at $2.60.
- Operating margin is anticipated to be between 8.0% and 11.0%.
- Adjusted airline-only earnings per share are forecasted to be in the range of $1.75 to $2.75.
Challenges Ahead
- Capacity growth in 2025 will pressure unit revenues.
- Uncertainty around the timing of any potential transaction for Sunseeker Resort.
- Interest expense is projected to be between $130 to $140 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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