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We are a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. Our vision is to be the leading airline in the communities we serve, offering reliable, nonstop travel at unbeatable value.
Operating margin is thin at 1.43%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.7%, steady but not accelerating.
Net debt of $1.46B represents 19.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.64B
▲ +3.7% YoY
Net Income (TTM)
-$34M
▲ +81.4% YoY
Op. Margin
2.02%
▲ +11.0pp YoY
ROIC
1.45%
▲ +5.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$181M
▲ +96.1% YoY
Op. Cash Flow (TTM)
$466M
▲ +15.2% YoY
Net Debt
$1.35B
Cash & Equiv.
$902M
5Y CAGR: +21.4%
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