Allegiant Travel (NASDAQ:ALGT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$562.2m (flat on 3Q 2023).

• Net loss: US$36.8m (loss widened by 44% from 3Q 2023).

• US$2.05 loss per share (further deteriorated from US$1.44 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Allegiant Travel EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Allegiant Travel that we have uncovered.

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