NASDAQ$ALGT

Allegiant Travel Company · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a challenging year with sequential improvements in revenue and load factor, and a stronger balance sheet.

Allegiant Travel Company reported a net loss of $28.8 million for Q4 2020, with total operating revenue of $246.6 million. The adjusted loss per share was $1.12, an improvement compared to Q2 lows. The company finished the quarter with a load factor of 58.2 percent, the highest since the onset of the pandemic.

  • Adjusted loss per share of $1.12, improved from previous quarters.
  • Total revenue for the quarter was $246.6 million, a decrease of 47% year-over-year.
  • Load factor reached 58.2 percent, the highest since the pandemic began.
  • Average total ancillary revenue per passenger remained strong at $57.18.

Headline financials

Total Revenue

$247M

Previous: $461M-46.5%
EPS (adj)

-$1.12

Previous: $3.72-130.1%
Average Fuel Cost per Gallon

$1.41

Previous: $2.18-35.3%
Load Factor

58.2%

Previous: 82.1%-29.1%
Capital Expenditures

$82.6M

Previous: $157M-47.3%
Free Cash Flow

-$125M

Previous: -$35.9M-247.6%
Net Income

-$28.8M

Previous: $60.5M-147.6%
Operating Income

-$23.6M

Previous: $92.7M-125.5%
Gross Profit

$19M

Previous: $140M-86.4%
Cash & Equivalents

$153M

Previous: $122M+25.4%
Total Assets

$685M

Previous: $3.01B-77.2%
Stock-Based Comp

$19.3M

Previous: $4.66M+313.6%

Revenue & EPS history

Allegiant · Revenue · Quarterly

$247M

Q4 2020-46.5%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Allegiant · $245M total across 3 segments · Q4 2020

  • Passenger Revenue
    $225M-46.1%
  • Third Party Products
    $10.7M-34.8%
  • Fixed Fee Contracts
    $9.43M-57.5%

Forward guidance

First Quarter 2021 guidance: System ASMs - year over year change 0.5 to 5.5%. Scheduled Service ASMs - year over year change 0.5 to 5.5%. Full year 2021 guidance: CAPEX Aircraft, engines and induction costs (millions) $115 to $125. Capitalized Airbus deferred heavy maintenance (millions) $50 to $60. Other capital expenditures (millions) $20 to $30. Interest expense $50 to $55. Principal payments $170 to $180.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.5%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+2.2%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+18.9%

Q4 2022

Best reaction

-15.4%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.6%+5.9%+21.0%
Q4 2025-0.4%+14.5%-20.4%
Q3 2025-2.1%-7.0%+21.7%
Q1 2025+3.7%+20.1%+17.9%
Q4 2024-15.3%-10.9%-38.7%
Q3 2024+7.1%+8.7%+34.8%
Q2 2024-9.2%-23.4%-23.4%
Q1 2024-5.7%-5.0%-5.5%
Q4 2023-0.8%-0.6%-5.5%
Q3 2023-1.7%-6.8%+8.2%
Q2 2023-5.3%-9.1%-26.8%
Q1 2023+5.3%+7.2%+7.3%
Q4 2022+18.9%+12.4%+21.3%
Q3 2022-0.7%+3.4%+8.6%
Q2 2022+1.6%-1.5%-15.4%
Q1 2022-0.4%-9.0%-6.0%
Q4 2021-3.1%-4.3%-13.2%
Q3 2021-3.2%-1.2%-3.4%
Q2 2021+2.0%-1.9%-0.6%
Q1 2021-0.7%-4.6%-8.3%
Q4 2020+16.9%+13.1%+30.0%
Q3 2020+4.0%-0.7%+34.3%
Q2 2020-3.1%-3.2%+15.6%
Q1 2020+5.2%+2.3%+44.9%
Q4 2019-0.6%-2.9%-20.6%
Q3 2019+8.8%+9.8%+10.8%
Q2 2019+2.9%+3.0%-4.7%
Q1 2019+5.9%+9.1%+7.4%
Q4 2018+4.0%+11.2%+5.0%
Q3 2018-8.4%-4.9%+1.7%
Q2 2018-15.4%-10.8%-3.0%
Q1 2018+9.5%+11.6%+8.5%
Q4 2017+4.6%-0.6%+3.1%
Q3 2017+0.2%-1.9%-2.2%
Q2 2017-8.7%-10.5%-17.5%
Q1 2017-9.3%-11.9%-11.2%
Q4 2016-0.3%-6.2%-1.4%
Q3 2016-13.0%-10.4%+9.6%
Q2 2016-4.9%-9.0%+1.1%
Q1 2016-2.6%
Q4 2015-5.8%
Q3 2015-7.6%
Q2 2015+2.2%
Q1 2015-1.1%
Q4 2014-0.9%
Q3 2014+0.7%
Q2 2014-5.3%
Q1 2014+0.7%
Q4 2013-11.2%
Q3 2013-1.5%
Q2 2013-13.1%
Q1 2013-2.4%
Q3 2012+1.3%
Q2 2012-3.0%
Q1 2011+2.0%
Q1 2012-1.2%
Q4 2009+3.1%
Q4 2011+3.1%
Q4 2012+2.4%
Q3 2010-3.4%
Q3 2011-3.4%
Q4 2010+4.8%
Q2 2010+4.8%
Q2 2011+4.8%
Q1 2010+3.1%

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