Allegiant Travel Company (NASDAQ:ALGT) Q2 2023 Earnings Conference Call August 2, 2023 12:30 PM ET

Company Participants

Sherry Wilson - Director, IR

John Redmond - CEO & Director

Gregory Anderson - President

Scott DeAngelo - EVP & CMO

Drew Wells - SVP & Chief Revenue Officer

Robert Neal - SVP & CFO

Conference Call Participants

Duane Pfennigwerth - Evercore ISI

Savi Syth - Raymond James & Associates

Andrew Didora - Bank of America Merrill Lynch

Katherine Kallergis - Morgan Stanley

Michael Linenberg - Deutsche Bank

Conor Cunningham - Melius Research

Operator

Good afternoon, and thank you for standing by. Welcome to the Second Quarter 2023 Allegiant Travel Company Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Sherry Wilson, Managing Director of Investor Relations. Please go ahead.

Sherry Wilson

Thank you, Michelle. Welcome to the Allegiant Travel Company's Second Quarter 2023 Earnings Call. On the call with me today are John Redmond, the company's Chief Executive Officer; Greg Anderson, President; Scott DeAngelo, our EVP and Chief Marketing Officer; Drew Wells, our SVP and Chief Revenue Officer; Robert Neal, SVP and Chief Financial Officer and a handful of others to help answer questions.

We will start the call with commentary and then open it up to questions. We ask that you please limit yourself to one question and one follow-up. The company's comments today will contain forward-looking statements concerning our future performance and strategic plans. Various risk factors could cause the underlying assumptions of these statements and our actual results to differ materially from those expressed or implied by our forward-looking statements.

These risk factors and others are more fully disclosed in our filings with the SEC. Any forward-looking statements are based on information available to us today. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The company cautions investors not to place undue reliance on forward-looking statements, which may be based on assumptions and events that do not materialize. To view this earnings release as well as the rebroadcast of the call, please feel free to visit the company's Investor Relations site at ir.allegiantair.com.

And with that, I'll turn it over to John.

John Redmond

Thank you very much, Sherry, and good morning, everyone. I'm thrilled to report an 18% operating margin and 99.7% controllable completion for the second quarter, among the highest in the industry during the quarter, both operationally and financially. In the face of high demand and operational complexity, the team continues to deliver. It is their exceptional efforts that have allowed us to meet and exceed our customers' expectations.