earnings
confidence high
sentiment negative
materiality 0.80
Allegiant Q3 GAAP EPS loss $(2.05); cuts Q4 margin outlook on hurricane impact
Allegiant Travel CO
2024-Q3 EPS reported
-$1.38
revenue$1,884,884,000
- Q3 GAAP loss per share $(2.05); adjusted loss per share $(2.02). Revenue $562.2M (-0.6% YoY).
- Airline-only adjusted operating margin 0.1% (ex-specials); Q4 margin guided 6-8% vs prior expectations.
- Hurricanes Helene & Milton expected to cut Q4 airline margin by ~4 pts; ~25% of seats to affected cities.
- Dividend suspended indefinitely; co-brand card remuneration to exceed $140M in 2024.
- Took delivery of first Boeing MAX in Q3; revenue service began mid-October with better economics.