secwatch.observer — SEC 8-K summary
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Issuer:     Allegiant Travel CO (ALGT)
CIK:        0001362468
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001362468-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegiant Q3 GAAP EPS loss $(2.05); cuts Q4 margin outlook on hurricane impact
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000058/0001362468-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000058/algt-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001362468-24-000058

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