Allegiant Travel CO ALGT
We are a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. Our vision is to be the leading airline in the communities we serve, offering reliable, nonstop travel at unbeatable value. We were founded in 1997 and, in conjunction with our initial public offering in 2006, we incorporated in the state of Nevada. Our unique business model provides diversified revenue streams from various travel services and product offerings which distinguish us from other travel companies. We operate a low-cost, low utilization passenger airline marketed primarily to leisure travelers in under-served cities, allowing us to sell air transportation both on a stand-alone basis and bundled with the sale of air-related and third party services and products. In addition, we provide air transportation under fixed fee flight arrangements. Our developed nation-wide route network, pricing philosophy, direct distribution, award-winning loyalty programs, advertising, and product offerings built around relationships with premier leisure companies, are all intended to appeal to leisure travelers and make it attractive for them to purchase air travel and related services and products from us.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.22B | $2.32B | $2.14B | $1.58B | $902.2M | $1.68B | $1.53B | $1.37B | $1.27B |
| Total operating expenses | $2.57B | $2.75B | $2.29B | $2.21B | $1.44B | $1.27B | $1.48B | $1.42B | $1.28B | $1.01B |
| Operating income | $37.2M | -$240.0M | $221.0M | $91.6M | $263.1M | -$281.0M | $363.9M | $243.5M | $230.6M | $372.6M |
| Interest expense | $150.2M | $156.4M | $153.2M | $115.7M | $68.5M | $61.7M | $76.8M | $56.1M | $42.2M | $28.8M |
| Pre-tax income | -$54.9M | -$308.4M | $159.1M | $5.0M | $196.6M | -$361.1M | $301.2M | $199.3M | $199.0M | $348.0M |
| Income tax | $10.2M | $68.2M | $41.5M | $2.5M | $44.8M | $177.0M | $69.1M | $37.5M | $859.0K | $127.1M |
| Net income | -$44.7M | -$240.2M | $117.6M | $2.5M | $151.9M | -$184.1M | $232.1M | $161.8M | $198.1M | $220.9M |
| EPS, basic | -2.48 | -13.49 | 6.32 | 0.14 | 8.69 | -11.53 | 14.27 | 10.02 | 12.14 | 13.31 |
| EPS, diluted | -2.48 | -13.49 | 6.29 | 0.14 | 8.68 | -11.53 | 14.26 | 10.00 | 12.13 | 13.29 |
| Shares, diluted (wtd. avg.) | $18.1M | $17.9M | $18.0M | $18.0M | $17.2M | $16.0M | $16.0M | $16.0M | $16.1M | $16.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $172.7M | $285.9M | $159.6M | $245.4M | $400.7M | $170.3M | $136.8M | $95.9M | $70.6M | $76.4M |
| Short-term investments | $633.0M | $495.2M | $671.4M | $725.1M | $819.5M | $532.5M | — | — | — | — |
| Receivables | $57.1M | $90.4M | $70.7M | $106.6M | $62.7M | $192.2M | $25.5M | $36.0M | $71.1M | $40.7M |
| Total current assets | $967.7M | $991.6M | $1.00B | $1.27B | $1.34B | $943.6M | $562.2M | $495.2M | $541.3M | $422.1M |
| Property, plant and equipment | $2.95B | $3.07B | $3.43B | $2.81B | $2.26B | $2.05B | $2.24B | $1.85B | $1.51B | $1.10B |
| Total assets | $4.21B | $4.43B | $4.86B | $4.51B | $3.99B | $3.26B | $3.01B | $2.50B | $2.18B | $1.67B |
| Accounts payable | $64.5M | $62.1M | $54.5M | $58.3M | $43.6M | $34.2M | $27.7M | $27.5M | $20.1M | $16.0M |
| Short-term debt | $118.1M | $454.8M | $439.9M | $152.9M | $130.1M | $217.2M | $173.3M | $152.3M | $214.8M | $86.2M |
| Total current liabilities | $1.02B | $1.28B | $1.20B | $869.8M | $663.0M | $689.3M | $612.6M | $514.0M | $544.3M | $392.9M |
| Long-term debt | $1.68B | $1.61B | $1.82B | $1.94B | $1.61B | $1.44B | $1.25B | $1.12B | $950.1M | $722.0M |
| Total liabilities | $3.16B | $3.34B | $3.53B | $3.29B | $2.77B | $2.56B | $2.13B | $1.81B | $1.63B | $1.20B |
| Retained earnings | $958.6M | $1.00B | $1.27B | $1.17B | $1.17B | $1.02B | $1.21B | $1.03B | $907.9M | $753.4M |
| Total equity | $1.05B | $1.09B | $1.33B | $1.22B | $1.22B | $699.4M | $883.6M | $690.3M | $553.3M | $473.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $389.8M | $338.5M | $423.1M | $303.1M | $538.2M | $234.6M | $442.2M | $356.6M | $390.7M | $348.1M |
| Stock-based compensation | $10.9M | $22.6M | $29.7M | $15.2M | $16.1M | $19.3M | $18.2M | $15.1M | $13.9M | $9.4M |
| Capital expenditure | $314.7M | $300.2M | $528.3M | $434.7M | $243.6M | $281.2M | $506.8M | $334.8M | $580.2M | $199.7M |
| Investing cash flow | -$220.4M | $5.6M | -$721.9M | -$491.4M | -$593.3M | -$365.7M | -$476.5M | -$269.0M | -$618.5M | -$401.8M |
| Financing cash flow | -$280.9M | -$201.3M | $212.9M | $33.1M | $285.5M | $164.6M | $75.1M | -$62.4M | $222.1M | $32.6M |
| Dividends paid | $0 | $21.9M | $22.1M | $0 | $0 | $11.4M | $45.6M | $45.2M | $45.7M | $67.5M |
| Buybacks | $13.6M | $6.0M | $30.1M | $29.9M | $0 | $33.8M | $18.6M | $3.6M | $90.5M | $66.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001362468-26-000034.
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