Income before income tax, excluding specials(1)(3)(4) of $2.7M, yielding a pre-tax margin of 0.5%Airline-only income before income tax, excluding specials(1)(5) of $7.9M, yielding a pre-tax margin of 1.4%Operating income, excluding specials(1)(3)(4) of $14.7M, yielding an operating margin of 2.6%Airline-only operating income, excluding specials(1)(5) of $21.0M, yielding an airline-only operating margin of 3.7%Consolidated EBITDA, excluding specials(1)(3)(4) of $70.3M, yielding an EBITDA margin of 12.4%Airline-only EBITDA, excluding specials(1)(5) of $76.6M a 13.5% marginTotal operating revenue of $565.4M, up 0.9% over the prior year and the highest third-quarter total in company historyTotal fixed fee contracts revenue of $17.7M, up 11.7% year-over-yearTRASM(2) of 12.78 ¢, up 1.4% year-over-year on scheduled service capacity decrease of 0.8% year-over-yearWhen compared to 2019, we are the only US carrier, among carriers having reported third quarter results, to be up more than 10 percent in both system available seat miles (ASMs) and TRASM(2) during the quarter as well as year to dateTotal average fare of $129.23, up 2.6% year-over-yearTotal average ancillary fare of $71.80, up 11.0% year-over-year$88 million in year-to-date remuneration received from Bank of America, up 26% from the prior yearAnnounced a collaboration with global entertainment icon Carrie Underwood in support of the company's Allways Rewards Visa® card and loyalty programAllways Rewards program enrolled 478K new members during the quarter, bringing total members to 16.7MAirline-only operating CASM, excluding fuel and special charges(3), of 8.49 ¢, up 9.5% year-over-yearIncludes $18.7M in incremental cost related to accrual of pilot retention bonusesExcludes $15.2M in accelerated depreciation related to the early retirement of 21 airframes to be retired between 2023 through 2025
Tuesday 7 November 2023
Third quarter results for budget airline Allegiant.....

Monday 23 October 2023
Allegiant Travel Company expands operations at Nashville International Airport

Friday 6 October 2023
Allegiant gets funding for new aircraft
The U.S. budget airline Allegiant has signed the first of many future deals on finance that will see it turn away from Airbus and towards Boeing 737 MAX jets.
The airline announced this week financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft had been agreed from BNP Paribas and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.
The $412 million deal combines banking and lessor capital to secure Allegiant's aircraft financing needs into the second quarter of 2024, while providing the airline with extra liquidity at an attractive cost and keeping it flying in the competitive U.S. budget carrier market.
Robert Neal, Allegiant's senior vice president and chief financial officer said: "We are delighted with BNP Paribas and Jackson Square's creativity in providing what we believe is an efficient framework that affords us robust liquidity to support foundational investments in our fleet. This transaction taps into young A320 CEO aircraft and will also serve as the inaugural financing for our Boeing 737 MAX equipment"
Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries. "Our relationship with BNP Paribas, spanning more than a decade, has been instrumental in our growth as an ultra-low-cost leader. We are thrilled to welcome Jackson Square Aviation as a new partner as we make air travel more affordable and accessible to leisure travellers," added Neal.
Ankush Chowdhury, managing director & head of transportation banking and capital markets at BNP Paribas commented "We are delighted to provide Allegiant, a long-standing client of the bank, an innovative and first-of-its-kind financing solution which combines bank and lessor capital into one transaction. This transaction allows the airline to maximize value while having more structural flexibility to manage its aircraft fleet versus the more traditional aircraft financing alternatives. BNP Paribas is honoured to partner with Jackson Square Aviation as we continue to innovate in the world of aviation finance with the goal of providing efficient and thoughtful financing solutions to our aviation clients,"
Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319s and A320s and now also has purchase agreements for 130 Boeing 737 MAX jets in a multi-year deal with Boeing for less than half the MAX list price.
Saturday 30 September 2023
Allegiant's founder to return as CEO.....
Monday 11 September 2023
JetBlue and Allegiant Announce Divestiture Agreement in Connection with JetBlue’s Combination with Spirit
Divestitures Help Promote the Continued Growth of Ultra-Low-Cost Options at Boston Logan, Newark Liberty International, and Fort Lauderdale-Hollywood Airports.
Friday 5 May 2023
Allegiant strikes deal with dispatchers union....

Thursday 4 May 2023
Allegiant reports its Income before tax in the first quarter was $74.4 million
First Quarter 2023 Results
- Income before income tax of
$74.4 million , yielding a pre-tax margin of 11.5 percent - Airline-only income before income tax(1) of
$78.9 million , yielding a pre-tax margin of 12.1 percent - Operating income of
$94.8 million , yielding an operating margin of 14.6 percent - Airline-only operating income(1) of
$97.6 million , yielding an airline-only operating margin of 15.0 percent - Consolidated EBITDA(1) of
$149.5 million , yielding an EBITDA margin of 23.0 percent - Airline-only EBITDA(1) of
$152.2 million , a 23.4 percent margin - Total operating revenue was
$649.7 million , up 29.9 percent over prior year - Total fixed fee contracts revenue of
$14.1 million , the highest first-quarter total in company history - TRASM of
13.89 cents , up 28.8 percent year-over-year - Load factor of 85.8 percent, a 6.9 point improvement year-over-year, among the highest in the industry
- Total average fare of
$154.12 , up 17.5 percent year-over-year, the highest quarterly average fare in company history - Total average ancillary fare of
$75.19 , up 10.7 percent as compared to 2022 driven by overall strength in core products and promising early results related to the Allegiant Extra rollout - Acquired over 46 thousand new Allways rewards credit card holders during the quarter, the highest quarterly acquisition in program history
- Received
$28 million in remuneration during the quarter - Airline-only Operating CASM, excluding fuel, of
7.75 cents , up 9.8 percent year-over-year - Allegiant recently named to the Forbes' America's Best Midsize Employers for 2023, Newsweek's America's Greatest Workplaces for Diversity 2023, and Fortune's America's Most Innovative Companies 2023 lists
(1) | Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures |
Balance Sheet, Cash and Liquidity
- Total available liquidity at
March 31, 2023 of$1.5 billion , which includes$1.1 billion in cash and investments, and$412.2 million in undrawn revolving credit facilities and PDP facilities - Repurchased 118 thousand shares during the first quarter at an average share price of
$100.33 $215.4 million in cash from operations during first quarter 2023, the highest first quarter in company history- Total debt at
March 31, 2023 was$2.1 billion - Net debt at
March 31, 2023 was$1.0 billion - Debt principal payments of
$51.5 million during the first quarter - Air traffic liability at
March 31, 2023 was$479.5 million
Airline Capital Expenditures
- First quarter capital expenditures of
$92 million , which includes$56 million for aircraft purchases and inductions, pre-delivery deposits, and other related costs, and$36 million in other airline capital expenditures - First quarter deferred heavy maintenance spend was
$15 million
- Total capital expenditures(1) as of
March 31, 2023 were$571 million - First quarter capital expenditures(1) were
$82 million - Previously recorded special charges were reduced by
$1.6 million for approved insurance net recoveries related to outstanding insurance claims atSunseeker Resort

Friday 14 April 2023
Allegiant reports preliminary passenger traffic results for March 2023.
Sunday 2 April 2023
Allegiant Travel Company earns three prestigious accolades......
Forbes' America's Best Midsize Employers 2023Newsweek's America's Greatest Workplaces for Diversity 2023Fortune's America's Most Innovative Companies 2023

Friday 17 March 2023
Budget airline Allegiant shows off a new one-of-a-kind livery on an Airbus A320
Allegiant unveiled a special addition to its fleet this week: a one-of-a-kind livery designed by – and for – the airline's employees.
Monday 20 February 2023
Allegiant to launch 8 new routes.....
Allentown, Penn. via Lehigh Valley International Airport (ABE) – beginning June 15, 2023 with one-way fares as low as $59.*
Appleton, WI. via Appleton International Airport (ATW) – beginning June 15, 2023 with one-way fares as low as $69.*
Omaha, Neb. via Omaha Airport (OMA) – beginning June 15, 2023 with one-way fares as low as $49.*
Asheville, North Carolina via Asheville Regional Airport (AVL) – beginning May 26, 2023 with one-way fares as low as $69.*
Akron, Ohio via Akron-Canton Airport (CAK) - beginning June 1, 2023 with one-way fares as low as $39.*
Lexington, Ky. via Blue Grass Airport (LEX) – beginning June 15, 2023 with one-way fares as low as $69.*
Provo, Utah via Provo Airport (PVU) – beginning June 16, 2023 with one-way fares as low as $59.*
Sioux Falls, S.D. via Sioux Falls Regional Airport (FSD) – beginning June 14, 2023 with one-way fares as low as $59.*
Monday 30 January 2023
Scott Sheldon has confirmed he is retiring as President and Chief Operating Officer of the budget airline Allegiant,.
Wednesday 21 December 2022
Allegiant Travel Company reports preliminary passenger traffic results for November 2022.
Allegiant Travel Company reports preliminary
passenger traffic results for November 2022.
Las Vegas-based Allegiant, an integrated travel company with an airline at its heart, that features small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares, has just released details of its November performance.
Scheduled Service – Year Over Three-Year Comparison | |||
Change | |||
Passengers | 1,193,686 | 1,101,346 | 8.4 % |
Revenue passenger miles (000) | 1,094,020 | 962,614 | 13.7 % |
Available seat miles (000) | 1,272,381 | 1,197,831 | 6.2 % |
Load factor | 86.0 % | 80.4 % | 5.6 pts |
Departures | 8,085 | 8,189 | (1.3 %) |
Average stage length (miles) | 891 | 857 | 4.0 % |
Total System* - Year Over Three-Year Comparison | |||
Change | |||
Passengers | 1,221,545 | 1,129,065 | 8.2 % |
Available seat miles (000) | 1,342,100 | 1,255,381 | 6.9 % |
Departures | 8,680 | 8,739 | (0.7 %) |
Average stage length (miles) | 875 | 841 | 4.0 % |
Scheduled Service – Year Over Year Comparison | |||
Change | |||
Passengers | 1,193,686 | 1,187,477 | 0.5 % |
Revenue passenger miles (000) | 1,094,020 | 1,066,154 | 2.6 % |
Available seat miles (000) | 1,272,381 | 1,373,420 | (7.4 %) |
Load factor | 86.0 % | 77.6 % | 8.4 pts |
Departures | 8,085 | 8,923 | (9.4 %) |
Average stage length (miles) | 891 | 876 | 1.7 % |
Total System* - Year Over Year Comparison | |||
Change | |||
Passengers | 1,221,545 | 1,211,017 | 0.9 % |
Available seat miles (000) | 1,342,100 | 1,430,727 | (6.2 %) |
Departures | 8,680 | 9,448 | (8.1 %) |
Average stage length (miles) | 875 | 862 | 1.5 % |
*Total system includes scheduled service and fixed fee contract. System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs. Fixed fee flying is better measured through dollar contribution versus operational statistics.
