Allegiant Travel ( (ALGT) ) has released its Q4 earnings. Here is a breakdown of the information Allegiant Travel presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Allegiant Travel Company, a Las Vegas-based integrated travel company with a focus on airline operations, connects travelers in underserved cities to popular vacation destinations with nonstop flights and competitive pricing.
In its latest earnings report, Allegiant Travel Company disclosed a challenging financial performance for the fourth quarter and full-year 2024, driven primarily by a significant impairment charge related to the Sunseeker Resort. Despite this, the company achieved a strong adjusted airline-only earnings per share for the fourth quarter, reflecting operational improvements in its airline segment.
Key financial highlights include a fourth-quarter GAAP diluted loss per share of $(12.00), impacted by a $322 million impairment charge, whereas the adjusted airline-only diluted earnings per share stood at $3.00. The full-year GAAP diluted loss per share was $(13.49), with adjusted airline-only diluted earnings per share at $5.84. Total operating revenue for the fourth quarter increased slightly by 2.7% year-over-year to $627.7 million, despite operating expenses rising by 48.5%.
Looking ahead, Allegiant is optimistic about 2025, aiming for a 17% increase in capacity and the introduction of new aircraft, which is anticipated to enhance earnings potential. The company is also exploring the sale of a majority interest in Sunseeker Resort, with expectations of improved financial contributions from this asset in the coming quarters.
