secwatch.observer — SEC 8-K summary
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Issuer:     Allegiant Travel CO (ALGT)
CIK:        0001362468
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001362468-22-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegiant Q3 GAAP EPS loss $(2.58), adj. loss $(0.54); revenue $560M up 28% vs 2019
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362468/000136246822000064/0001362468-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362468/000136246822000064/algt-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001362468-22-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer