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Allegiant Air parent reports 36th consecutive quarterly profit in 4Q2011

2-Feb-2012 1:07 PM

Allegiant Travel Company, parent of Allegiant Air, revenue up 20% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Total operating revenue: USD193.9 million, +19.7% year-on-year;
      • Ancillary: USD50.7 million, +11.0%;
    • Total operating costs: USD173.8 million, +23.1%;
      • Fuel: USD80.9 million, +31.4%;
      • Labour: USD29.6 million, +10.0%;
    • Operating profit: USD20.2 million, -3.2%;
    • Net profit: USD10.8 million, -12.7%;
    • Passenger numbers: 1.5 million, +9.8%;
    • Load factor: 86.5%, -0.1 ppt;
    • Operating revenue per ASM: USD 12.31 cents, +9.5%;
    • Operating costs per ASM: USD 11.03 cents, +12.7%;
    • Cost per ASM excl fuel: USD 5.89 cents, +6.7%;
    • Average stage length: 853 miles, -1.6%;
  • 12 months ended 31-Dec-2011:
    • Total operating revenue: USD779.1 million, +17.4%;
      • Ancillary: USD210.0 million, +8.2%;
    • Total operating costs: USD693.7 million, +24.1%;
      • Fuel: USD330.7 million, +35.7%;
      • Labour: USD119.9 million, +11.0%;
    • Operating profit: USD85.4 million, -18.4%;
    • Net profit: USD49.4 million, -24.8%;
    • Passenger numbers: 6.2 million, +4.6%;
    • Load factor: 88.6%, +1.1 ppt;
    • Operating revenue per SAM: USD 12.24 cents, +15.3%;
    • Operating costs per ASM: USD 10.90 cents, +21.8%;
    • Costs per ASM excl fuel: USD 5.70 cents, +12.9%;
    • Average stage length: 858 miles, -1.8%;
    • Unrestricted cash: USD319.5 million, +112.6%;
    • Total debt: USD146.1 million, +419.9%;
    • Capital expenditures: USD86.6 million, -12.1%;
  • 1Q2012 forecast:
    • Departures: +10% to +14%;
    • Capacity (ASMs): +17% to +21%;
    • Passenger revenue per ASM: +1% to +3%;
    • Fleet: 58 MD-80s and one Boeing 757;
    • Cost per ASM excl fuel: stable to +2%. [more – original PR]

Allegiant Travel Company: “We are carrying good momentum into 2012. Our January PRASM is projected to increase between nine and eleven percent, and we are expecting first quarter 2012 PRASM to be up between one and three percent on a year over year basis,” Andrew Levy, president. Source: Allegiant Travel Company, 01-Feb-2012.