Item 2.02 Results of Operations and Financial Condition.
On July 28, 2021, Allegiant Travel Company (the "Company") issued the press
release attached as Exhibit 99.1 to this Form 8-K concerning our results of
operations for the quarter and six months ended June 30, 2021.
This information is being furnished under Item 2.02 of Form 8-K. This report and
Exhibit 99.1 are deemed to be furnished and are not considered "filed" with the
Securities and Exchange Commission. As such, this information shall not be
incorporated by reference into any of our reports or other filings made with the
Securities and Exchange Commission.
Non-GAAP Financial Measures: The press release contains non-GAAP financial
measures as such term is defined in Regulation G under the rules of the
Securities and Exchange Commission. While the Company believes these financial
measures are useful in evaluating the Company's performance, this information
should be considered to be supplemental in nature and not as a substitute for or
superior to the related financial information prepared in accordance with GAAP.
Further, these non-GAAP financial measures may differ from similarly titled
measures presented by other companies.
Forward-Looking Statements: Under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, statements in the press release that
are not historical facts are forward-looking statements. These forward-looking
statements are only estimates or predictions based on our management's beliefs
and assumptions and on information currently available to our management.
Forward-looking statements include our statements regarding future airline
operations, revenue and expenses, ASM growth, expected capital expenditures, the
timing of aircraft acquisitions and retirements, the number of contracted
aircraft to be placed in service in the future, the development and financing of
our Sunseeker Resort, as well as other information concerning future results of
operations, business strategies, financing plans, competitive position, industry
environment, and potential growth opportunities. Forward-looking statements
include all statements that are not historical facts and can be identified by
the use of forward-looking terminology such as the words "believe," "expect,"
"guidance," "anticipate," "intend," "plan," "estimate," "project", "hope" or
similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions. Actual
results may differ materially from those expressed in the forward-looking
statements. Important risk factors that could cause our results to differ
materially from those expressed in the forward-looking statements generally may
be found in our periodic reports filed with the Securities and Exchange
Commission at www.sec.gov. These risk factors include, without limitation, the
impact and duration of the COVID-19 pandemic on airline travel and the economy,
liquidity issues resulting from the effect of the COVID-19 pandemic on our
business, restrictions imposed on us as a result of accepting grants and loans
under the payroll support programs, an accident involving, or problems with, our
aircraft, public perception of our safety, our reliance on our automated
systems, our reliance on third parties to deliver aircraft under contract to us
on a timely basis, risk of breach of security of personal data, volatility of
fuel costs, labor issues and costs, the ability to obtain regulatory approvals
as needed , the effect of economic conditions on leisure travel, debt covenants
and balances, the ability to finance aircraft, terrorist attacks, risks inherent
to airlines, our competitive environment, our reliance on third parties who
provide facilities or services to us, the possible loss of key personnel,
economic and other conditions in markets in which we operate, the ability to
successfully develop and finance a resort in Southwest Florida, governmental
regulation, increases in maintenance costs and cyclical and seasonal
fluctuations in our operating results.
Any forward-looking statements are based on information available to us today
and we undertake no obligation to update publicly any forward-looking
statements, whether as a result of future events, new information or otherwise.
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Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
Exhibit No. Description of Document
99.1 Press Release issued by Allegiant Travel Company on July 28,
2021
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