Wednesday, February 5, 2025 In early February 2025, Allegiant Travel Company, a major U.S. airline, reported a difficult financial performance for the year 2024.
The airline’s total operating revenue reached $2.5 billion, a slight increase of 0.1% from the previous year.
Despite this modest growth, the airline faced significant challenges, especially with a substantial rise in operating expenses, which jumped by 20.3%, reaching $2.75 billion for the year.
A key issue affecting Allegiant was a reported loss in both the fourth quarter and the full year, despite the growth in revenues. The fourth-quarter net loss for the company reached $216.2 million, which was a sharp contrast to the $2.
0 million loss from the same period in 2023. The full-year net loss stood at $240.2 million, a stark reversal from a profit of $117.
6 million in 2023. These losses were exacerbated by a series of special charges, including a $322 million impairment charge related to the company’s Sunseeker Resort and damage from natural disasters. The resort had faced significant setbacks in 2024, contributing to the increased operational challenges for Allegiant.
Allegiant’s Airline Performance and Market Adjustments Despite these difficulties, Allegiant’s airline operations demonstrated some resilience. The airline reported a slight increase in total operating revenue from its passenger services, amounting to $2.22 billion in 2024, though this was a 4.
6% decrease compared to the previous year. The air.
