Allegiant Travel (ALGT) Q2 FY2024 earnings: revenue $666 million, down 2.6% on the year

Allegiant Travel Co. (ALGT) reported revenue of $666 million for Q2 FY2024, the quarter ended 30 June 2024, down 2.6% on the same quarter a year earlier. Net income was $14 million, down 84.5% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2024.

Revenue$666 milliondown 2.6%

Net income$14 milliondown 84.5%

Diluted EPS$0.75

QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue	666	656	n/a	n/a
Operating income	34.9	15.4	n/a	n/a
Operating margin	5.2%	2.4%	n/a
Interest expense	39.5	40.2	n/a	n/a
Pre-tax income	18.0	-1.3	n/a	n/a
Income tax	4.3	-0.4	n/a	n/a
Effective tax rate	24.0%	n/a	n/a
Net income	13.7	-0.9	n/a	n/a
Net margin	2.1%	-0.1%	n/a
Diluted EPS	$0.75	-$0.07	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Operating cash flow	68.9	168	n/a	n/a
Capital expenditure	43.1	132	n/a	n/a
Free cash flow	25.8	35.9	n/a	n/a
Free cash flow margin	3.9%	5.5%	n/a
Cash from investing	-16.2	-93.6	n/a	n/a
Cash from financing	-30.9	-23.5	n/a	n/a
Depreciation and amortisation	65.4	63.8	n/a	n/a
Buybacks	2.9	0.1	n/a	n/a
Dividends paid	11.0	11.0	n/a	n/a
Dividend per share	$0.60	$0.60	n/a	n/a
Diluted shares, weighted	18m	18m	n/a	n/a
Shares outstanding at period end	18m	18m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Shareholders' equity	1,333	1,322	n/a	n/a
Debt	2,219	2,249	n/a	n/a
Operating lease liabilities	71.9	77.5	n/a	n/a
Other liabilities	1,280	1,287	n/a	n/a
Total liabilities and equity	4,904	4,935	n/a	n/a
Fixed assets	3,493	3,523	n/a	n/a
Investments	635	660	n/a	n/a
Cash and equivalents	216	193	n/a	n/a
Receivables	76.5	72.5	n/a	n/a
Other assets	483	486	n/a	n/a
Total assets	4,904	4,935	n/a	n/a

Questions

What was Allegiant Travel's revenue in Q2 FY2024?

Allegiant Travel (ALGT) reported revenue of $666 million for Q2 FY2024, the quarter ended 30 June 2024, down 2.6% on the same quarter a year earlier.

How much did Allegiant Travel earn in Q2 FY2024?

Net income for Q2 FY2024 was $14 million, down 84.5% on the year, and diluted earnings per share $0.75.

When did Allegiant Travel report Q2 FY2024 results?

Allegiant Travel filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 6 August 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	565	611	656	666	562	628	699	689	562	656	732	943
Operating income	-17.9	10.6	15.4	34.9	-26.3	-264	65.0	-67.5	-27.2	66.8	81.1	21.1
Operating margin	-3%	2%	2%	5%	-5%	-42%	9%	-10%	-5%	10%	11%	2%
Interest expense	39.2	40.5	40.2	39.5	39.1	37.7	40.8	35.8	38.1	35.6	n/a	40.1
Pre-tax income	-29.9	-1.8	-1.3	18.0	-43.4	-282	41.9	-88.6	-52.2	43.9	66.0	-5.2
Tax rate	n/a	n/a	n/a	24%	n/a	n/a	23%	n/a	n/a	27%	36%	n/a
Net income	-25.1	-2.0	-0.9	13.7	-36.8	-216	32.1	-65.2	-43.6	31.9	42.5	-4.9
Net margin	-4%	-0%	-0%	2%	-7%	-34%	5%	-9%	-8%	5%	6%	-1%
Diluted EPS	-$1.44	-$0.16	-$0.07	$0.75	-$2.05	-$12.00	$1.73	-$3.62	-$2.41	$1.73	$2.30	-$0.21
Operating cash flow	22.8	53.6	168	68.9	17.3	84.4	191	92.2	-6.1	112	268	46.1
Capital expenditure	236	121	132	43.1	41.8	60.3	74.5	139	129	21.8	45.4	121
Free cash flow	-213	-67.5	35.9	25.8	-24.5	24.0	117	-46.5	-135	90.4	223	-74.6
Buybacks	1.4	13.2	0.1	2.9	2.1	0.9	11.1	0.3	1.5	0.6	0.1	0.8
Dividends paid	11.1	11.1	11.0	11.0	0.0	-0.0	0.0	0.0	0.0	0.0	n/a	n/a
Shares outstanding	18m	18m	18m	18m	18m	18m	18m	18m	18m	18m	18m	27m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 6 August 2024, accession 0001362468-24-000043: the filing on EDGAR. All of Allegiant Travel Co.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install