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ALGT

Allegiant Travel Company

ALGT

Allegiant Travel Company • NASDAQ
$76.00 ▼ -2.04% (-1.58)
Market Cap $1.39 B
52w High $107.57
52w Low $39.80
Dividend Yield 0.60%
P/E -4.64
Volume 162.31K
Outstanding Shares 18.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $561.932M ▼ $119.08M ▼ $-43.574M ▲ -7.754% ▲ $-2.41 ▲ $41.206M ▲
Q2-2025 $689.384M ▼ $185.85M ▼ $-65.166M ▼ -9.453% ▼ $-3.62 ▼ $11.148M ▼
Q1-2025 $699.074M ▲ $367.779M ▼ $32.102M ▲ 4.592% ▲ $1.74 ▲ $139.547M ▲
Q4-2024 $627.705M ▲ $379.931M ▲ $-216.23M ▼ -34.448% ▼ $-12 ▼ $-189.561M ▼
Q3-2024 $562.196M $74.222M $-36.789M -6.544% $-2.05 $47.618M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $956.716M ▲ $4.392B ▲ $3.377B ▲ $1.015B ▼
Q2-2025 $842.819M ▼ $4.389B ▼ $3.333B ▼ $1.056B ▼
Q1-2025 $878.598M ▲ $4.504B ▼ $3.391B ▼ $1.113B ▲
Q4-2024 $797.553M ▲ $4.547B ▼ $3.458B ▼ $1.089B ▼
Q3-2024 $759.267M $4.788B $3.488B $1.3B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-43.574M ▲ $0 ▼ $0 ▲ $0 ▲ $88.299M ▲ $0 ▲
Q2-2025 $-65.166M ▼ $92.241M ▼ $-119.94M ▲ $-47.188M ▲ $-74.887M ▼ $-10.503M ▼
Q1-2025 $32.102M ▲ $191.406M ▲ $-121.902M ▼ $-69.035M ▲ $469K ▼ $116.928M ▲
Q4-2024 $-216.23M ▼ $84.38M ▲ $46.422M ▼ $-119.372M ▼ $11.43M ▼ $24.043M ▲
Q3-2024 $-36.788M $17.339M $68.908M $-27.495M $58.752M $-28.714M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Airrelated revenue
Airrelated revenue
 $0 ▲$0 ▲$670.00M ▲$960.00M ▲
Cobrand Revenue
Cobrand Revenue
 $0 ▲$0 ▲$40.00M ▲$60.00M ▲
Scheduled Service Revenue
Scheduled Service Revenue
 $0 ▲$0 ▲$530.00M ▲$710.00M ▲
Allegiant Air
Allegiant Air
 $0 ▲$670.00M ▲$0 ▼$0 ▲
Sunseeker Resorts
Sunseeker Resorts
 $0 ▲$30.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Allegiant’s sales have recovered strongly from the pandemic and have held roughly steady over the last couple of years. Profitability, however, has been choppy. The company moved from losses in 2020 to modest profits in 2021 and 2023, but slipped back into a clear loss in 2024. That recent loss comes despite better overall margins, suggesting rising overhead, growth investments, and possibly pressures from fuel, labor, or the resort project weighing on the bottom line. Overall, Allegiant looks like a business with healthy demand but earnings that are still volatile and sensitive to costs and execution.

Balance Sheet

Balance Sheet The balance sheet shows a capital‑intensive airline with meaningful debt and only a moderate cash cushion. Assets have grown over time as the fleet and projects like the resort have been built out, but equity has recently moved down, indicating that losses and investment are straining the company’s financial buffer. Debt remains high relative to equity, so leverage is a key risk to watch, especially in a cyclical industry. Liquidity has improved somewhat from the prior year but still doesn’t look abundant for a company of this size and complexity.

Cash Flow

Cash Flow The core business consistently generates cash from operations, which is a positive sign about underlying demand and pricing. However, Allegiant has been spending heavily on aircraft, infrastructure, and new projects, which has caused free cash flow to swing between positive and negative over the last five years. Recently, spending pressures have eased a bit, leading to slightly positive free cash flow again, but the overall picture is one of a company that funds growth largely from its own operations while periodically stretching its cash position.

Competitive Edge

Competitive Edge Allegiant occupies a specialized niche among U.S. airlines by focusing on leisure travelers from smaller cities to vacation destinations, often with little or no direct competition on many routes. This gives it some pricing flexibility and reduces head‑to‑head battles with larger carriers. Its ultra‑low‑cost approach, use of secondary airports, high reliance on add‑on fees, and bundled vacation offerings further strengthen its position. That said, the airline industry remains structurally competitive and cyclical, so Allegiant’s advantage depends on maintaining low costs, filling planes on thin routes, and successfully managing expansion without overreaching.

Innovation and R&D

Innovation and R&D While not a traditional R&D‑driven company, Allegiant is actively using technology and product innovation to sharpen its edge. It relies on cloud platforms and data analytics to refine pricing, personalize offers, and improve operations, and is experimenting with AI to optimize routes and maintenance. On the product side, it has built a strong ancillary ecosystem: bundled vacation packages, premium seating options, an integrated rewards program, and a co‑branded credit card. The fleet modernization toward more efficient aircraft and the Sunseeker Resort project are larger, strategic bets—potentially powerful if executed well but also adding complexity and risk.

Summary

Allegiant has rebuilt its business from the pandemic downturn and found a defensible niche serving leisure travelers in underserved markets, supported by strong ancillary revenue and digital tools. Financially, revenue has stabilized at a higher level, but profitability remains uneven, and the most recent year shows a notable setback. The balance sheet carries significant debt and only moderate cash, making careful execution on growth projects and cost control especially important. Cash generation from operations is solid, but heavy investment has kept overall cash flow tight. The company’s differentiated network, low‑cost model, and expanding travel ecosystem (including the resort) offer clear opportunities, but they come with elevated execution and financial risk that bears close monitoring.

NEWS

November 25, 2025 · 9:00 AM UTC

Allegiant Reports October 2025 Traffic

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November 18, 2025 · 1:00 AM UTC

Allegiant Adds 30 New Nonstop Routes, Entering Four New Markets

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November 5, 2025 · 10:00 AM UTC

Allegiant Announces Robert "BJ" Neal as President

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November 4, 2025 · 4:01 PM UTC

ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2025 FINANCIAL RESULTS

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October 24, 2025 · 9:00 AM UTC

Allegiant Reports September 2025 Traffic

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