Allegiant Travel reports February 2025 total system passengers up 2.6% y-o-y

Reports February 2025 scheduled service passengers up 2.9%, available seat miles, or ASM, up 10.7% at 1.57M and scheduled service load factor down 4.5 points to 79.5%. All metrics reported on a year-over-year basis. “Consistent with recent industry commentary, we are experiencing leisure demand softness, predominantly observed during the shoulder and off-peak periods,” stated Drew Wells, Chief Commercial Officer. “Peak March weeks are performing strong with TRASM nearly in line with the same weeks in the prior year, despite significant growth. However, given the shoulder period weakness, we now expect first quarter TRASM to decline just over seven percent from the prior year. Due to current demand trends, we will reduce our full-year capacity forecast from up 17% to up 13% year-over-year, with cuts primarily affecting the shoulder and off-peak periods. We will remain flexible with our capacity deployment to appropriately adapt to the demand environment.” “We are seeing better-than-expected cost performance during the quarter,” stated CFO Robert Neal. “We anticipate our consolidated earnings per share will come in at the lower end of our initial guide at approximately $1.50 per share, with the airline contributing around $1.75 per share.”