US EditionALLEGIANT TRAVEL COMPANY SECOND QUARTER 2025 FINANCIAL RESULTS
UNITED STATES, AUG 5 – Allegiant reported a $65.2 million net loss despite a 3.5% revenue increase and plans to close a $200 million sale of its Sunseeker Resort this quarter, focusing on fleet modernization.
- Allegiant Travel Company posted a net deficit of $65.2 million for the quarter ending June 30, 2025, which translates to a loss of $3.62 on each share, in Las Vegas.
- The loss followed steep financial setbacks tied to the Sunseeker Resort project and pandemic impacts, while the company pursued commercial and fleet transitions.
- During the quarter, Allegiant operated a record 37,000 flights, grew revenue 3.5% to $689.4 million, expanded routes, and improved unit costs and aircraft utilization.
- CEO Gregory Anderson expressed cautious optimism about improving consumer confidence, indicating that current booking trends point to increased domestic demand in the latter half of the year, and highlighted an impressive 99.9% controllable completion rate.
- The sale of the money-losing Sunseeker Resort to Blackstone for $200 million is expected to close in September, while capacity is forecasted to remain roughly flat.
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Allegiant Travel (NASDAQ:ALGT) Posts Earnings Results, Beats Estimates By $0.40 EPS
Allegiant Travel (NASDAQ:ALGT - Get Free Report) issued its earnings results on Monday. The transportation company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.39. Allegiant Travel had a positive return on equity of 5.46% and a negative net margin of 8.11%.
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C 80%
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