Allegiant reports uptick in March passenger traffic

LAS VEGAS - Allegiant Travel Company (NASDAQ: ALGT), currently trading at $44.16 with a market capitalization of $783 million, has released its preliminary passenger traffic results for March 2025, revealing a significant increase in travelers compared to the same month last year. According to InvestingPro analysis, the company’s stock has experienced significant volatility, with a beta of 1.56, while maintaining an attractive dividend yield of 5.43%. The data shows that the number of passengers rose by 14.4%, with 1,887,902 people flying with the airline in March 2025, up from 1,649,826 in March 2024.

The company also reported a 15.9% increase in revenue passenger miles, which reached 1,819,246,000 for the month. Despite an increase in available seat miles by 20.7% to 2,206,943,000, Allegiant experienced a decrease in load factor, which dropped by 3.5 percentage points to 82.4%. InvestingPro data reveals that analysts expect a 7% revenue growth for FY2025, with 12 analysts recently adjusting their earnings forecasts. For detailed analysis and more insights, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The first quarter of 2025 also saw growth, with passenger numbers up by 8.6% to 4,420,811. Revenue passenger miles for the quarter rose by 10% to 4,271,328,000, and available seat miles increased by 14.4% to 5,305,191,000. The load factor for the quarter decreased slightly by 3.3 points to 80.5%.

Allegiant’s total system, including scheduled service and fixed fee contract, carried 1,904,613 passengers in March 2025, a 14.2% increase from March 2024. The total system’s available seat miles were up by 20.2% to 2,275,018,000, and departures increased by 19.9% to 13,885.

For the first quarter of 2025, the total system’s passenger count was 4,451,306, marking an 8.4% rise from the previous year. The available seat miles for the total system grew by 14.2% to 5,451,584,000, and departures were up by 13.7% to 33,235.

The airline also provided preliminary financial results, estimating the average fuel cost per gallon for the system at $2.52 in March and $2.61 for the first quarter of 2025.

Allegiant, known for its low-cost fares, has been serving communities across the nation since 1999, focusing on connecting customers to various vacation destinations via nonstop flights.

This information is based on a press release statement from Allegiant Travel Company and reflects the company’s performance as of the dates provided. With the company’s next earnings report due on April 30, 2025, InvestingPro subscribers can access additional insights, including analyst price targets ranging from $35 to $100, along with exclusive financial health scores and valuation metrics that help make informed investment decisions.

In other recent news, Allegiant Travel Company has made several noteworthy announcements. The company revised its full-year capacity growth forecast down from 17% to 13% due to softer leisure travel demand during non-peak periods. Despite this, Allegiant reported a 6.5% increase in passenger numbers for January 2025 compared to the previous year. The company’s earnings guidance for the first quarter of 2025 projects earnings per share (EPS) to be between $1.50 and $2.50, which is below previous analyst forecasts. UBS has lowered its price target for Allegiant shares to $61, maintaining a Neutral rating, while Raymond James has increased its target to $125 with an Outperform rating. Raymond James highlighted Allegiant’s strong fourth-quarter performance and anticipates year-over-year EBIT margin improvements. Additionally, Allegiant announced the departure of Chief Operating Officer Keny F. Wilper, with Tyler Hollingsworth stepping in as interim COO. The company continues to focus on operational efficiency and cost management, with an estimated average fuel cost of $2.70 per gallon in February 2025.

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