Allegiant Travel Company · NASDAQ:ALGT
Allegiant Travel — Q4 2024 Earnings Presentation
16 slides from Allegiant Travel's earnings presentation, Feb 4, 2025
Slide 1: Earnings Call
Earnings Call
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: Chief Executive Officer and President
Chief Executive Officer and President 3
Slide 4: Strengthening our foundation for long-term success
Strengthening our foundation for long-term success Airline Only, Adjusted Operating Margin1 4Q24 vs 4Q23 +6.6 pts 13.2% • Achieved an adjusted airline only operating margin1 of 13.2% in 4Q24 Driven by higher aircraft utilization and improved operational efficiency • Marking a 6.6-point improvement f
Slide 5: Senior Vice President, Chief Commercial Officer
Senior Vice President, Chief Commercial Officer 5
Slide 6: Revenue growth and strategic execution for 2025
Revenue growth and strategic execution for 2025 Scheduled Service ASMs YoY Growth 24’ vs 25’ • Our fourth quarter total airline revenue of nearly $610M was up slightly on a year-over-year basis 17.00% • The main drivers of the outperformance: Faster-than-expected recovery to hurricane impacted des
Slide 7: Senior Vice President, Chief Financial Officer
Senior Vice President, Chief Financial Officer 7
Slide 8: Building momentum for earnings growth
Building momentum for earnings growth Consolidated, Adjusted Diluted Earnings Per Share1 4Q24 vs 4Q23 • Delivered consolidated adjusted net income of $38.9 million1 in 4Q24 Resulting in adjusted earnings per share (EPS) of $2.101 +1.99 $2.10 • 4Q24 GAAP consolidated net income of ($216.2) million an
Slide 9: Strengthening liquidity and deleveraging for future growth
Strengthening liquidity and deleveraging for future growth Net Leverage (Net Debt / Adj. EBITDA) 1Q24 - 4Q24 4.1x • We ended the year with $1.1 billion in available liquidity Including $833 million in cash and investments and $275 million in revolver capacity 3.8x • Net leverage improved from the en
Slide 10: Consolidated & Sunseeker outlook summary
Consolidated & Sunseeker outlook summary First Quarter Consolidated Guidance 1Q25 Consolidated earnings per share, excluding special charges (1) $1.50 - $2.50 First Quarter Sunseeker Guidance 1Q25 EBITDA, excluding special charges (1) (millions) ~$2 Depreciation expense (millions) ~$3 Occupancy rate
Slide 11: Airline outlook summary
Airline outlook summary First Quarter Airline-Only Guidance 1Q25 System ASMs – y/y change ~13.5% Scheduled service ASMs – y/y change ~14.0% Fuel cost per gallon $2.60 Operating margin, excluding special charges 8.0% - 11.0% Airline-only earnings per share, excluding special charges(3) $1.75 - $2.75
Slide 12: Q&A
Q&A 12
Slide 13: Q&A Appendix
Q&A Appendix 13
Slide 14: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation 2. In 2024 and 2023, we recognized special charges for aircraft accelerated depreciation related to our revised fleet plan. Additionally in 2024, we recognized charges for a ratification bonus paid to flight attendants in connection with our new collective
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2024 and 2023, we recognized special charges for aircraft accelerated depreciation related to our revised fleet plan. Additionally in 2024, we recognized charges for a ratification bonus paid to flight attendants in connect
Slide 16: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2024 and 2023, we recognized special charges for aircraft accelerated depreciation related to our revised fleet plan. Additionally in 2024, we recognized charges for a ratification bonus paid to flight attendants in connect
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