earnings
confidence high
sentiment positive
materiality 0.85
Allegiant Q1 EPS $3.09 beats; raises FY23 airline-only EPS guidance to $9-$13
Allegiant Travel CO
2023-Q1 EPS reported
$3.09
revenue$649,687,000
- Q1 GAAP diluted EPS $3.09 vs loss $0.44 a year ago; revenue $649.7M (+29.9% YoY).
- Record ancillary per passenger $75.19; Allways rewards cardholders up 46k new accounts.
- FY23 airline-only EPS guidance raised to $9-$13 (from $5-$9); fuel cost estimate cut to $3.00/gal.
- Sunseeker Resort to open mid-Oct; total projected capex $695M (including Aileron Golf Club).
- Repurchased 118k shares at avg $100.33; Q1 cash from ops $215.4M, a company record.