secwatch.observer — SEC 8-K summary
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Issuer:     Allegiant Travel CO (ALGT)
CIK:        0001362468
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001362468-24-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegiant Q2 GAAP EPS $0.75 vs $4.80; adjusts to $1.77; Sunseeker strategic review; dividend suspended
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- GAAP diluted EPS $0.75 (down 84.4% YoY); adjusted EPS $1.77 (down 59.3%).
- Total operating revenue $666.3M, down 2.6%; airline-only revenue $649.5M, down 5%.
- Airline-only operating margin ex specials 10.3% vs 18.6%; plans to suspend quarterly dividend indefinitely.
- Sunseeker Resort generated $16.8M revenue, occupancy ~35%; strategic review initiated with Prospect Hotel Advisors.
- Q3 airline-only guidance: ASM growth ~1.3%, fuel ~$2.80/gal, adjusted loss per share ($1.50)-($2.50).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000040/0001362468-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000040/algt-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001362468-24-000040

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