earnings
confidence high
sentiment negative
materiality 0.85
Allegiant Q3 GAAP loss $1.44/share; cuts FY23 airline EPS guidance to $7.75-$8.50
Allegiant Travel CO
2023-Q3 EPS reported
$6.43
revenue$1,898,855,000
- Q3 GAAP net loss $25.1M ($1.44 loss per share); adjusted EPS $0.09; airline-only adjusted EPS $0.31.
- Total operating revenue $565.4M (+0.9% YoY); airline operating margin excl. specials 3.7%.
- Full-year 2023 guidance cut: airline EPS to $7.75-$8.50 (prev. $10.50-$13.00); fuel cost raised to $3.12/gal.
- Sunseeker Resort to open Dec. 15, 2023; recorded $17.4M special charge on weather damages in Q3.
- Accelerated depreciation of $15.2M on early retirement of 21 airframes; pilot retention bonuses $18.7M.