Allegiant Travel Full Year 2024 Earnings: EPS Misses Expectations

Allegiant Travel (NASDAQ:ALGT) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.51b (flat on FY 2023).
• Net loss: US$240.9m (down by 312% from US$113.4m profit in FY 2023).
• US$13.49 loss per share (down from US$6.32 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Allegiant Travel EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Airline segment contributing a total revenue of US$2.44b (97% of total revenue). Notably, cost of sales worth US$1.87b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$369.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ALGT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Allegiant Travel (1 is concerning) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.