Allegiant Travel Company · NASDAQ:ALGT

Allegiant Travel — Q2 2025 Earnings Presentation

18 slides from Allegiant Travel's earnings presentation, Aug 4, 2025

  1. Slide 1: Earnings Call

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Earnings Call

  2. Slide 2: Forward looking statements

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 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 state

  3. Slide 3: Greg Anderson, Chief Executive Officer and President

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 3 Greg Anderson Chief Executive Officer and President

  4. Slide 4: Strong operational execution and customer affinity

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 4 Strong operational execution and customer affinity Strong operational execution and customer affinity • 99.8% controllable completion year-to-date Industry leading operational reliability • More than 5 million passengers in 2Q25 A new

  5. Slide 5: Making headway with Allegiant-centric initiatives

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 5 We are making headway with our Allegiant-centric initiatives. Navitaire accelerating 737 MAX ramping up Allegiant Extra offering • Acceleration of Navitaire provides enhanced commercial capabilities • Recovered revenue headwinds due to

  6. Slide 6: We're managing with discipline and focus

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 6 We’re managing with discipline and focus 2H25: Navigating with Caution, Positioned for Stability • Recent bookings show early signs of strengthening leisure demand • 3Q is seasonally weakest: concentrated in off-peak late August and Se

  7. Slide 7: Drew Wells, Executive Vice President, Chief Commercial Officer

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 7 Drew Wells Executive Vice President, Chief Commercial Officer

  8. Slide 8: Building momentum into year-end

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 8 Building momentum into year-end Quarter highlights • $669M in airline revenue, up ~3% YoY • TRASM: 11.57¢, down 11.2% YoY, in line with expectations • 16% ASM growth, matched by over 17% utilization increase • Peak days outperformed of

  9. Slide 9: Robert Neal, Executive Vice President, Chief Financial Officer

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 9 Robert Neal Executive Vice President, Chief Financial Officer

  10. Slide 10: Delivered strong profitability above initial expectations

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D $1.86 $2.24 2Q24 2Q25 10 Delivered strong profitability above initial expectations $1.23 $1.77 2Q24 2Q25 Consolidated, Adjusted Diluted Earnings Per Share1 2Q24 vs 2Q25 • GAAP consolidated net loss of ($65.2) million in 2Q25 Resulting in

  11. Slide 11: Strengthening the balance sheet for future growth

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 11 Strengthening the balance sheet for future growth • We ended the quarter with $1.1 billion in available liquidity Including $853 million in cash and investments and $275 million in revolver capacity • Strong liquidity position, with c

  12. Slide 12: Outlook summary

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 12 Outlook summary 3Q25 System ASMs – y/y change ~9.0% Scheduled service ASMs – y/y change ~10.0% Fuel cost per gallon ~$2.55 Airline- only operating margin, excluding special charges (3.0%) – (6.0%) Airline-only earnings per share, excl

  13. Slide 13: Q&A

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Q&A 13

  14. Slide 14: Q&A Appendix

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Q&A 14 Appendix

  15. Slide 15: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 15 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure 2. In 2025 and 2024, we recognized certain expenses as special charges related to Airline activities (including accelerated depreciation on airframes identified for

  16. Slide 16: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 16 Non-GAAP Financial Measures Reconciliation Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 Amount Per Share Amount Per Share Net income (loss) as reported (GAAP) $ (65.2) $ 13.7 Less: Net income allocated to particip

  17. Slide 17: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 17 Non-GAAP Financial Measures Reconciliation Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 Amount Per Share Amount Per Share Net income (loss) as reported (GAAP) $ (65.2) $ 13.7 Less: Net income allocated to particip

  18. Slide 18: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 18 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure 2. In 2025 and 2024, we recognized certain expenses as special charges related to Airline activities (including accelerated depreciation on airframes identified for

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