Allegiant Travel CO

Listed Company

ALGTCIK 0001362468NasdaqLarge AcceleratedAir Transportation, ScheduledNevadaFY ends Dec 31

Period

FY 2025

Revenue

$2.61B

Net Income

$-44.70M

Total Assets

—

Equity

—

Shares Out

18.44M

Op. Cash Flow

$389.77M

Business

Allegiant Travel CO operates as a leisure-focused travel company providing scheduled, low-cost, nonstop air transportation primarily for residents of under-served U.S. cities. It offers scheduled service flights, ancillary air-related products (seat assignments, baggage, priority boarding, in-flight food/beverage, extra-legroom seats), third-party travel products (hotel rooms, rental cars, travel insurance) and fixed-fee/charter flight arrangements, and it owns and operates Sunseeker Resort Charlotte Harbor. Its business includes airline operations, ancillary and third-party product sales, fixed-fee contracts and hospitality. Allegiant distributes primarily direct-to-consumer via allegiant.com, call centers and airport ticket counters across a nationwide U.S. route network to leisure destinations.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Passenger	2,324	2,217	2,324	2,138	1,578
Third party products	143	142	113	101	86
Fixed fee contracts	78	81	69	61	41
Resort and other	61	73	4	2	2
Total operating revenues	2,607	2,513	2,510	2,302	1,708
Aircraft fuel	640	628	696	815	440
Salaries and benefits	833	820	688	552	485
Station operations	298	273	257	255	243
Depreciation and amortization	249	258	223	198	181
Maintenance and repairs	150	125	124	118	106
Sales and marketing	99	106	115	101	73
Aircraft lease rentals	36	24	25	24	21
Other	126	150	134	114	84
Special charges, net of recoveries	138	368	29	35	14
Total operating expenses	2,569	2,753	2,289	2,210	1,445
OPERATING INCOME (LOSS)	37	−240	221	92	263
Interest income	−42	−44	−47	−16	−2
Interest expense	150	156	153	116	—
Capitalized interest	−18	−45	−45	−13	0
Other, net	1	1	491,000	91,000	−205,000
Total other expenses	92	68	62	87	66
INCOME (LOSS) BEFORE INCOME TAXES	−55	−308	159	5	197
INCOME TAX PROVISION (BENEFIT)	−10	−68	41	2	45
NET INCOME (LOSS)	−45	−240	118	2	152
Basic (in dollars per share)	−2.48	−13.49	6.32	0.14	8.69
Diluted (in dollars per share)	−2.48	−13.49	6.29	0.14	8.68
Basic (in shares)	18	18	18	18	17
Diluted (in shares)	18	18	18	18	17
Cash dividends declared per share (in dollars per share)	0	1.2	1.2	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	173	286	143	230	363
Restricted cash	18	16	16	15	37
Short-term investments	633	495	671	725	819
Accounts receivable	57	90	71	107	63
Expendable parts, supplies and fuel, net of reserve of $14,691 and $12,597	34	36	36	36	28
Prepaid expenses and other current assets	52	68	63	162	28
TOTAL CURRENT ASSETS	968	992	1,001	1,274	1,338
Property and equipment (including $101,712 and $107,290 from VIEs, Note 6), net of accumulated depreciation of $1,178,315 and $1,067,194	2,948	3,070	3,430	2,811	2,260
Long-term investments	33	52	56	63	2
Deferred major maintenance, net of accumulated amortization of $170,226 and $165,333	149	174	170	157	147
Operating lease right-of-use assets, net	63	81	101	112	130
Deposits and other assets	49	61	99	94	114
TOTAL ASSETS:	4,209	4,430	4,857	4,511	3,991
Accounts payable	65	62	54	58	44
Accrued liabilities	186	181	292	226	163
Accrued pilot retention bonus	236	146	—	—	—
Current operating lease liabilities	11	21	21	20	19
Air traffic liability	363	371	354	380	308
Current loyalty program liability	40	42	38	33	—
Current maturities of long-term debt and finance lease obligations (including $13,307 and $12,787 from VIEs, Note 6), net of related costs of $4,245 and $8,287	118	455	440	153	130
TOTAL CURRENT LIABILITIES	1,018	1,277	1,200	870	663
Long-term debt and finance lease obligations (including $81,642 and $94,950 from VIEs, Note 6), net of current maturities and related costs of $12,404 and $8,842	1,682	1,612	1,820	1,944	1,612
Deferred income taxes	305	316	385	346	346
Noncurrent operating lease liabilities	54	62	82	95	115
Noncurrent loyalty program liability	38	39	32	24	—
Other noncurrent liabilities	59	34	9	12	31
TOTAL LIABILITIES:	3,157	3,340	3,528	3,291	2,768
Common stock, par value $0.001, 100,000,000 shares authorized; 25,559,128 and 25,580,445 shares issued; 18,377,737 and 18,407,799 shares outstanding at December 31 2025 and 2024, respectively	26,000	26,000	26,000	25,000	25,000
Treasury shares, at cost, 7,181,391 and 7,172,646 shares at December 31, 2025 and 2024, respectively	−683	−678	−682	−660	−638
Additional paid-in capital	772	761	741	709	692
Accumulated other comprehensive income, net	5	4	4	1	2
Retained earnings	959	1,003	1,265	1,170	1,167
TOTAL EQUITY:	1,053	1,089	1,329	1,221	1,224
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY:	4,209	4,430	4,857	4,511	3,991

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
(Gain) loss on aircraft and other equipment disposals	−38	−35	920,000	2	−3
Special charges	128	349	27	34	14
Share-based compensation expense	11	23	30	15	16
Deferred income taxes	−10	−69	38	2	44
Other adjustments	−639,000	−6	−11	12	15
Accounts receivable	12	4	29	−34	−15
Tax receivable	13	−6	4	4	144
Accrued pilot retention bonus	−90	−91	−55	—	—
Loyalty program liability	−3	10	14	16	—
Air traffic liability	−8	17	−26	72	−55,000
Deferred major maintenance	−45	−73	−68	−55	−60
Other assets/liabilities	36	15	−11	−12	−4
Net cash provided by operating activities	390	338	423	303	538
Purchase of investment securities	−949	−567	−891	−1,267	−1,249
Proceeds from maturities of investment securities	844	764	977	1,301	955
Proceeds from sale of Sunseeker Resort	190	0	0	—	—
Proceeds from sale of property and equipment	77	86	27	1	—
Aircraft pre-delivery deposits	−73	−35	−342	−97	−12
Purchase of property and equipment, including capitalized interest	−315	−300	−528	−435	−244
Proceeds from loan receivable	0	50	0	0	—
Insurance proceeds from damage to property & equipment	5	7	36	5	98,000
Other investing activities	718,000	1	430,000	−992,000	6
Net cash provided by (used in) investing activities	−220	6	−722	−491	−593
Cash dividends paid to shareholders	0	−22	−22	0	0
Proceeds from the issuance of debt and finance lease obligations	639	387	643	864	282
Repurchase of common stock	−14	−6	−30	−30	0
Principal payments on debt and finance lease obligations	−906	−586	−481	−702	−301
Debt issuance costs	−11	−2	−7	−14	−8
Proceeds from Sunseeker construction financing account	2	18	102	−93	−30
Other financing activities	10	9	8	8	8
Net cash provided by (used in) financing activities	−281	−201	213	33	285
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	−112	143	−86	−155	230
Interest paid, net of amount capitalized	122	107	112	83	44
Income tax paid (refunds)	15	−9	−1	308,000	−129
Right-of-use (ROU) assets acquired	3	1	8	0	33
Purchases of property and equipment in accrued liabilities and other	42	−671,000	72	55	—

Filings

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