Allegiant Travel Company (NASDAQ:ALGT) Q1 2020 Earnings Conference Call - Final Transcript

May 12, 2020 • 04:30 pm ET

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Allegiant Travel Company (NASDAQ:ALGT) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the first-quarter 2020 Allegiant Travel Company earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would now like to hand the conference over to your speaker today, Sherry Wilson, director of investor relations. Please go ahead.

Executive
Sherry Wilson

Thank you, Sarah. Welcome to the Allegiant Travel Company's First Quarter 2020 Earnings Call. On the call with me today are Maury Gallagher, the company's Chairman and Chief Executive Officer; John Redmond, the company's President; Greg Anderson, our Chief Financial Officer; Scott Sheldon, our EVP and Chief Operating Officer; Scott DeAngelo, our EVP and Chief Marketing Officer; Drew Wells, our VP of Revenue and Planning; and a handful of others to help answer questions. We will start with some commentary and then open it up to questions.

The company's comments today will contain forward-looking statements concerning our future performance and strategic plan. 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, feel free to visit the company's Investor Relations site at ir.allegiantair.com.

With that, I'll turn it over to Maury.

Executive
Maury Gallagher

Thank you, Sherry. And thank you, everyone, for joining us today. It's been a while. First, let me thank all of our team members, their spouses and families as we continue to fly our passengers during these difficult and this disturbing times. Thank you all very much.

As I said in our press release, these are unprecedented times we're living through, most of you have been listening to calls from the different carriers in the past 2 weeks. And the story from each of them is more from TRASM, CASM, CapEx and capacity changes to liquidity, liquidity and more liquidity. To that end, we'll provide you with some thoughts on where we are today and going forward. And you'll hear from our management team on the specifics regarding liquidity as well as how we are managing our schedule and how we're responding to our customers.

Over the years, we prided ourselves on being different. You will hear today how we continue to differentiate ourselves from our industry, a critical component for us has been our model. It's always been a core strength. Based on our model, our management team and our terrific team members, we believe we will emerge stronger from this life-changing experience in the coming months and years.

Clearly, none of us