27-Oct-2011 1:27 PM
Allegiant 3Q2011 EBIT down 14.1%
Allegiant revenue up 17% - financial highlights for the three months ended 30-Sep-2011:
- Total operating revenue: USD191.5 million, +17.0% year-on-year;
- Ancillary: USD52.7 million, +5.3%;
- Total operating costs: USD174.8 million, +21.2%;
- Fuel: USD84.1 million, +34.6%;
- Labour: USD29.5 million, +3.8%;
- Operating profit: USD16.7 million, -14.1%;
- Net profit; USD9.5 million, -27.9%;
- Passenger numbers: 1.6 million, +1.2%;
- Load factor: 89.4%, +2.8 ppts;
- Operating revenue per ASM: USD 12.02 cents, +20.9%;
- Operating costs per ASM: USD 10.97 cents, +25.4%;
- Costs per ASM excl fuel: USD 5.69 cents, +14.7%;
- Average stage length: 845 miles, -2.3%;
- Unrestricted cash: USD303.4 million, +101.9% when compared to period ended 31-Dec-2010;
- Total debt: USD147.8 million, +426.0% when compared to period ended 31-Dec-2010;
- 4Q2011 forecast:
- Revenue: +11% to +13%;
- Capacity (ASMs): +6% to +10%;
- Scheduled: +5% to +9%;
- Cost per ASM excl fuel: +7% to +9%. [more - original PR]
3Q2011 was Allegiant Travel Company's 35th consecutive profitable quarter, with chairman and CEO Maurice J Gallagher, Jr stating "revenues continue to perform nicely". Allegiant president Andrew C Levy added the total fare of USD120.63 is a record high for the third quarter, the carrier's seasonally weakest quarter. It is the fourth consecutive quarter in which the carrier has posted record fares for the respective quarter. [more - original PR]