ALGT - Allegiant Travel Company (ALGT) Q1 2024 Earnings Call Transcript

2024-05-07 18:13:39 ET

Allegiant Travel Company (ALGT)

Q1 2024 Earnings Conference Call

May 07, 2024 12:30 PM ET

Company Participants

Sherry Wilson - Managing Director of Investor Relations

Maury Gallagher - Executive Chairman and CEO

Greg Anderson - President

Micah Richins - President of Sunseeker Resorts

Scott DeAngelo - EVP and Chief Marketing Officer

Drew Wells - SVP and Chief Revenue Officer

Robert Neal - SVP and Chief Financial Officer

Conference Call Participants

Helane Becker - TD Cowen

Ravi Shanker - Morgan Stanley

Andrew Didora - Bank of America

Duane Pfennigwerth - Evercore ISI

Scott Group - Wolfe Research

Mike Linenberg - Deutsche Bank

Dan McKenzie - Seaport Global

Presentation

Operator

Thank you for standing by. My name is Dee, and I will be your conference operator today. At this time, I would like to welcome everyone to the Allegiant Travel Company First Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over Sherry Wilson, Managing Director of Investor Relations. Please go ahead.

Sherry Wilson

Thank you, Dee. Welcome to the Allegiant Travel Company first quarter 2024 earnings call. On the call with me today are Maury Gallagher, the Company's Executive Chairman and CEO; Greg Anderson, President; Micah Richins, President of Sunseeker Resorts; Scott DeAngelo, our EVP and Chief Marketing Officer; Drew Wells, our SVP and Chief Revenue Officer; Robert Neal, SVP and Chief Financial Officer and a handful of others to help answer questions.

We will start the call with commentary and then open it up to questions. We ask that you please limit yourself to one question and one follow-up. The company's comments today will contain forward-looking statements concerning our future performance and strategic plan. Various risk factors could cause the underlying assumptions of these statements and our actual results to differ materially from those expressed or implied by our forward-looking statements. These risk factors and others are more fully disclosed in our filings with the SEC.

Any forward-looking statements are based on information available to us today. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The company cautions investors not to place due reliance on forward-looking statements, which may be based on assumptions and events that do not materialize. To view this earnings release as well as the rebroadcast of the call, feel free to visit the company's investor relations site at ir.allegiantair.com.

And with that, I'll turn it to Maury.

Maury Gallagher

Thank you, Sherry, and good morning, everyone. Thank you for joining us today. As you can see from our release, our results are not where we want them to be. Historically, our Q1 is one of our strongest quarters. Last year's 15% operating income showed this strength....

For further details see: