8-K
filed November 2, 2022, 7:59 PM ET
ticker ALGT
CIK 0001362468
earnings
confidence high
sentiment negative
materiality 0.70
Allegiant Q3 GAAP EPS loss $(2.58), adj. loss $(0.54); revenue $560M up 28% vs 2019
Allegiant Travel CO
2022-Q3 EPS reported
-$2.78
revenue$1,690,280,000
- GAAP diluted loss per share $(2.58); adjusted loss $(0.54) excluding $35M Hurricane Ian charge and recognition bonus.
- Total operating revenue $560.3M, up 28.4% vs 2019; load factor 88.5%, best Q3 since 2014.
- Recorded $35M special charge for Hurricane Ian property damage at Sunseeker Resort; insurance recovery expected.
- Issued $550M 7.25% senior secured notes due 2027; repaid $533M Term Loan B and $25M CARES loan; $54M share repurchase authority reinstated.
- Q4 guidance: system ASMs up ~13.5% vs 2019, revenue up 26.5-28.5%; expect profitable quarter.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Allegiant Travel CO reported the nine months ended September 30, 2022 results: revenue $ 1,690.3, net income (50.0), EPS (2.78).
- Period
- the nine months ended September 30, 2022
- Revenue
- $ 1,690.3
- Net income
- (50.0)
- EPS
- (2.78)
- Result
- reported results
Exact text from the filing
Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $ 1,690.3 $ 1,211.0 $ 1,379.9 39.6 % 22.5 % Total operating expense 1,687.8 981.3 1,108.6 72.0 52.2 Operating income 2.4 229.7 271.3 (98.9) (99.1) Income (loss) before income taxes (60.9) 181.5 222.6 (133.6) (127.4) Net income (loss) (50.0) 141.2 171.6 (135.4) (129.1) Diluted earnings (loss) per share (2.78) 8.18 10.54 (134.0) (126.4)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Allegiant Travel CO reported the three months ended September 30, 2022 results: revenue $ 560.3, net income (46.5), EPS (2.58).
- Period
- the three months ended September 30, 2022
- Revenue
- $ 560.3
- Net income
- (46.5)
- EPS
- (2.58)
- Result
- reported results
Exact text from the filing
Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $ 560.3 $ 459.5 $ 436.5 22.0 % 28.4 % Total operating expense 591.2 393.2 364.4 50.4 62.3 Operating income (loss) (30.9) 66.3 72.1 (146.6) (142.9) Income (loss) before income taxes (56.2) 50.2 56.9 (211.8) (198.7) Net income (loss) (46.5) 39.3 43.9 (218.4) (205.8) Diluted earnings (loss) per share (2.58) 2.18 2.70 (218.3) (195.6)
View on SEC.gov
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