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Allegiant Travel Company (ALGT)
NASDAQ:ALGT
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.19Last Year’s EPS
$0.11Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 34.16%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive strategic initiatives with significant challenges due to external disruptions like hurricanes and industry-wide outages. While operational improvements and loyalty program successes were highlighted, the impact of hurricanes and other disruptions posed challenges.Company Guidance
During Allegiant Travel Company's Q3 2024 earnings call, the executives provided guidance on several key metrics. They reported a third-quarter airline revenue of $549 million and a TRASM (Total Revenue per Available Seat Mile) of $0.1221, which was 300 basis points higher than previously guided. The company anticipates a fourth-quarter airline operating margin of approximately 7%, with a potential increase to low double digits excluding hurricane impacts. Allegiant is focusing on increasing peak period utilization, which was 20% below 2019 levels in July but aims for only a 6% gap by December. The introduction of Boeing MAX aircraft, expected to improve fuel burn efficiency by up to 26%, is projected to add $2 million in annualized EBITDA per aircraft compared to their A320 series. The company also highlighted cost-saving measures expected to yield $20 million annually, and an anticipated 5% to 7% revenue impact due to hurricane disruptions. Allegiant is restructuring its fleet management and expanding its premium seating offerings, with the Allegiant Extra projected to maintain revenue above $3 per passenger on flights. Looking forward, Allegiant plans to grow capacity with existing infrastructure, aiming to restore peak utilization rates and enhance operational efficiency.Positive Airline Operating Income
Allegiant reported positive airline operating income in the third quarter, which is typically the seasonally weakest quarter, despite disruptions like hurricanes and a CrowdStrike outage.
Fuel Efficiency Improvements
The introduction of the MAX aircraft is expected to result in up to a 26% improvement in fuel burn, with early results reaffirming potential earnings increase of $2 million in annualized EBITDA per aircraft.
Utilization Improvements
Efforts to restore peak period utilization are underway, with the gap reduced from 20% below 2019 levels to an expected 6% by December.
Strong Loyalty Program Performance
Allegiant's Always Rewards Visa was named the best Airline credit card by USA Today's 10 Best 2024 Readers' Choice Awards for the sixth consecutive year, with revenue from loyalty programs up approximately 20% year-to-date.
Operational Efficiency and Cost Savings
Proactive steps to improve operational efficiency are expected to save approximately $20 million annually.
Positive Feedback on New Boeing MAX
The new Boeing MAX aircraft received positive customer feedback, attributed to in-seat USB power and enhanced cabin experience.
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ALGT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALGT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $62.96 | $65.01 | +3.26% |
| Jul 31, 2024 | $56.07 | $49.83 | -11.13% |
| May 07, 2024 | $55.67 | $53.33 | -4.20% |
| Feb 05, 2024 | $77.68 | $71.78 | -7.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allegiant Travel Company (ALGT) report earnings?
Allegiant Travel Company (ALGT) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Allegiant Travel Company (ALGT) earnings time?
Allegiant Travel Company (ALGT) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALGT EPS forecast?
ALGT EPS forecast for the fiscal quarter 2024 (Q4) is $1.19.
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