Allegiant Travel Company · NASDAQ:ALGT
Allegiant Travel — Q1 2025 Earnings Presentation
18 slides from Allegiant Travel's earnings presentation, May 6, 2025
Slide 1: Allegiant Earnings Call 1Q25
Slide 2: Forward looking statements
Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively or separately, the "Company’) will contain forward-looking statements that are only predictions and involve risks and uncertain
Slide 3: Greg Anderson
Greg Anderson Chief Executive Officer and President allegiant
Slide 4: Strong operational execution and customer loyalty
4 Strong operational execution and customer loyalty Controllable Completion Rate 1Q24 vs 1Q25 *O2 pts __. 99.9% 99.7% 1924 1925 Total Passengers (millions) First Quarter Trends 4a aa aa sa 37 33 345, seit 22 20 at 23 4 a SS. ° YO 06 A 3° VSS SS PPP LPI LPI LIS Delivered an outstanding controllable c
Slide 5: Built to adapt, positioned to outperform
Built to adapt, positioned to outperform Responsive Capacity Management * Capacity plan dialed up in January to Minimal competitive overlap support strong expected demand and Nonstop domestic network limits head-to-head competition available crews/aircraft Tactical utilization ialed down capacity in
Slide 6: Driving Margin Expansion
Driving Margin Expansion Peak utilization up 20% YoY, approaching 2019 levels TRASM remains healthy during peaks Allegiant Extra expanded to over half the fleet and continues to maintain its TRASM premium Commercial system enhancements help drive ancillary revenue per passenger to a record $79.28 Ex
Slide 7: Drew Wells
Drew Wells Senior Vice President, Chief Commercial Officer allegiant
Slide 8: Tactical execution in a shifting demand environment
Tactical execution in a shifting demand environment Aircraft Utilization (Block Hours/aircraft-days) 1Q24 -1Q25 Finished first quarter with $668 million in airline revenue Up ~6% year-over-year +19% yoy First quarter TRASM was 12.29 cents, in line with our expectations Down 7.1% year-over-year Total
Slide 9: Robert Neal
Robert Neal Senior Vice President, Chief Financial Officer allegiant
Slide 10: Continued momentum for earnings growth
10 Continued momentum for earnings growth Consolidated, Adjusted Diluted Earnings Per Share’ 1Q24 vs 1Q25 +1.24 $1 81 $0.57 1Q24 1Q25 Airline Only, Adjusted Diluted Earnings Per Share’ 1Q24 vs 1Q25 — $2n - = 1924 1925 (1) All adjusted numbers are non-GAAP. Please see the appendix for a reconciliatio
Slide 11: Strengthening liquidity and deleveraging for future growth
u Strengthening liquidity and deleveraging for future growth Net Leverage (Net Debt / Adj. EBITDA) 1Q24 -1Q25 We ended the year with $1.2 billion in available liquidity 41x 3.8x Including $906 million in cash and investments and $275 million in revolver capacity 3.4x 32: 2K ean ricdl S Strong liquid
Slide 12: Airline-only outlook summary
2 Airline-only outlook summary Second Quarter Airline-Only Guidance ‘System ASMs - y/y change Scheduled service ASMs - y/y change Fuel cost per gallon Operating margin, excluding special charges Airline-only earnings per share, excluding special charges"? Full-Year Airline-Only CapEx Aircraft-relate
Slide 13: Consolidated & Sunseeker outlook summary
B Consolidated & Sunseeker outlook summary Second Quarter Consolidated Guidance 2Q25 Consolidated earnings per share, excluding special charges" $0.00 - $1.00 Second Quarter Sunseeker Guidance 2025 EBITDA, excluding special charges" (millions) ~($1) Depreciation expense (millions) -$3 Occupancy rate
Slide 14: Q&A
Q&A
Slide 15: Appendix
Appendix
Slide 16: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ‘Three Months Ended March 31, 2025 Consolidated Airline Sunseeker Reconciliation of adjusted operating income, adjusted operating margin, * Adjusted Adjusted Adjustments” Adjusted adjusted interest expense, and adjusted CP Adtustment" ye caapyn GAAP Austmen
Slide 17: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ‘Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Amount Per Share Amount Per Share Reconciliation of adjusted consolidated earnings per share and adjusted consolidated net income (millions except share and per share amounts) ‘Net income
Slide 18: Reconciliation of adjusted airline-only earnings per share and net income
18 Reconciliation of adjusted airline-only earnings per share and adjusted airline-only net income (millions except share and per share amounts) Net income (loss) as reported (GAAP) Less: Net income allocated to participating securities Net income attributable to common stock (GAAP) Plus: Net income