ALGT - Allegiant Travel Company beats Q1 top and bottom line estimates

2023-05-03 09:27:18 ET

• Allegiant Travel Company press release ( NASDAQ: ALGT ): Q1 Non-GAAP EPS of $3.04 beats by $0.79 .
• Revenue of $649.7M (+29.9% Y/Y) beats by $21.81M .
• Consolidated EBITDA of $149.5 million, yielding an EBITDA margin of 23.0 percent.
• TRASM of 13.89 cents, up 28.8 percent Y/Y.
• 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 Y/Y, 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.
• Full-year 2023 guidance: Earnings per share - airline only of $9.00 - $13.00; Loss per share - Sunseeker of ~-$1.25; Total projected capital expenditures of $695M

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