ALGT
Allegiant Travel Company87.21
-0.55-0.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Details 2026 capacity shape, MAX tweaks
Q&A reinforced the upbeat prepared remarks on Q4 double-digit margins and 2026 expansion but detailed flat capacity shape: low-to-mid single-digit cuts in H1 off-peaks, higher peak emphasis. Management plans leaner cash post-Sunseeker, eyeing 2x air traffic liability amid debt paydown. MAX shifts to longer hauls unlock 20-30% EBITDA edge over A320s; AI aids revenue modeling despite scale limits. No Spirit fallout benefits yet; shutdown minimally hits bookings. Vegas improves but lags. Q&A adds color, no shocks. Watch peak utilization durability.
Key Stats
Market Cap
1.60BP/E (TTM)
-Basic EPS (TTM)
-16.37Dividend Yield
0%Recent Filings
8-K
Amends revolver to $150M
Allegiant Travel amended its revolving credit agreement on December 5, 2025, boosting capacity to $150.0 million with Barclays ($100.0 million) and new lender Deutsche Bank ($50.0 million). Maturity extends to December 2030, though earlier in May 2027 if Senior Secured Notes due 2027 trigger it. Facility remains undrawn. Covenants mirror those on the notes.
10-Q
Q3 FY2025 results
Allegiant Travel's Q3 revenue held steady at $561.9M, flat y/y, with passenger revenue up 1.1% y/y to $494.1M on 9.0% more scheduled passengers, though average base fares dropped 16.3% y/y amid softer demand; airline operating CASM excluding fuel and special charges fell 4.7% y/y to 8.47¢, buoyed by 9.7% capacity growth without fleet expansion. Yet the quarter swung to an operating loss of $27.2M, widening 3.3% y/y, driven by higher maintenance costs up 31.8% y/y and lease accruals; net loss deepened to $43.6M or $2.41/share from $36.8M or $2.05/share y/y, with the gap to operating loss mainly from interest expense. Liquidity strengthened with cash and equivalents at $316.2M and short-term investments at $640.5M, up from year-end, while total debt held at $2.06B; free cash flow not disclosed in the 10-Q. The Sunseeker Resort sale closed September 4 for $189.9M cash, recognizing $100.4M goodwill and shedding $105.1M special charges. Network expansion added 12 routes, but persistent macroeconomic uncertainty weighs on leisure travel demand.
8-K
Q3 loss, leadership shift
Allegiant reported Q3 airline operating loss of $20.2M on $552.6M revenue, flat year-over-year, with CASM ex-fuel down 4.7% amid record 4.6M passengers and 99.9% completion. Robert Neal elevated to President effective November 1, retaining CFO duties; Sunseeker Resort sold September 4 for $200M. Raised FY25 airline-only EPS guide above $4.35. Leadership sharpens airline focus.
8-K
Allegiant repays $120M notes
Allegiant Travel Company prepaid $120.0 million of its senior secured notes due August 2027 on October 15, 2025, after exercising a call feature on September 15, leaving $404.74 million outstanding. This action, combined with $25.26 million repurchased in August and other voluntary prepayments, totals $301.34 million in debt reduction, including $181.34 million in Q3 2025 and $120.0 million in Q4 to date. Debt shrinks fast. Excluding scheduled amortization, these moves strengthen the balance sheet amid ongoing financial management.
8-K
Allegiant sells Florida resort
Allegiant Travel Company closed the sale of its Sunseeker Resort at Charlotte Harbor, Aileron Golf Course, and related Southwest Florida properties to Blackstone Real Estate Group affiliates on September 4, 2025. The deal fetched $200 million in cash proceeds, net of adjustments, with no prior ties between parties. Allegiant plans to slash corporate debt and fund general needs. This divestiture sharpens focus on core airline operations.
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