ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2025 FINANCIAL RESULTS; Allegiant Travel Company releases December 2024 traffic report.

Published: 2025-05-07 11:11:46 ET ALGT

Published on 05/07/2025 at 11:11

LAS VEGAS- Allegiant Travel Company (NASDAQ: ALGT) today reported the below financial results for first quarter 2025, as well as comparisons to the prior year:

* First quarter 2025 GAAP diluted earnings per share of $1.73

* First quarter 2025 adjusted airline-only diluted earnings per share of $2.11(1)(2)

* First quarter 2025 adjusted diluted earnings per share of $1.81(1)(2)(3)

'Team Allegiant executed a successful first quarter, delivering an airline-only operating margin of 9.3 percent, a three-point improvement from last year and among the best in the industry,' stated Gregory Anderson, president and CEO of Allegiant Travel Company. 'These financial results were underscored by our excellent operations, as the team achieved a 99.9 percent controllable completion during the quarter on 14.2 percent capacity growth.

'A few months ago, there was optimism throughout the airline industry heading into 2025 due to a strong economy and solid demand trends. Unfortunately, headlines beginning in February drove broad economic uncertainty and decreased consumer confidence, which led to an industry reduction in near-term revenues, particularly during shoulder and off-peak periods. Despite these challenges, I am proud to report that the team delivered a first-quarter earnings result that was well within our initial guidance range.

'However, heightened volatility is impacting domestic demand. Consequently, it is challenging to predict near-term demand, and we are therefore withdrawing our full-year 2025 guidance. Despite the macroeconomic uncertainty, we anticipate maintaining solid profitability by leveraging our flexible model to adjust capacity as needed. To date, we have removed more than 7.5 points of capacity growth from May through August, primarily coming from off-peak periods. Booking trends over the past few weeks suggest a stabilizing demand environment, with indications of improvement observed over the past several days. Regardless, we will continue to adjust capacity aggressively during the remainder of the year while ensuring that we appropriately address the items within our control.

'Allegiant has performed well during past downturns, thanks to our unique model that positions us for long-term success and stability. We expect to perform no differently during this period of uncertainty and remain confident in our ability to maintain profitability.

'I extend my sincerest appreciation to Team Allegiant for all your efforts. You truly are the best in the business.'

Summary Results: See full release at:

https://ir.allegiantair.com/news/news-details/2025/ALLEGIANT-TRAVEL-COMPANY-FIRST-QUARTER-2025-FINANCIAL-RESULTS/default.aspx