Allegiant Air Travel operating profit halved in 4Q2014

Allegiant Air Travel revenue up 17% - financial highlights:

• Three months ended 31-Dec-2014:
• • Total operating revenue: USD279.0 million, +17.0% year-on-year;
  • • Ancillary: USD91.5 million, +21.6%;
  • Total operating costs: USD264.2 million, +26.9%;
  • • Fuel: USD79.9 million, -12.0%;
    • Labour: USD47.5 million, +19.7%;
  • Operating profit: USD14.8 million, -51.2%;
  • Net profit: USD4.8 million, -72.6%;
  • Passenger numbers: 2.0 million, +15.0%;
  • Load factor: 85.1%, +1.2 ppt;
  • Operating revenue per ASM: USD 12.86 cents, +5.8%;
  • Operating cost per ASM: USD 12.18 cents, +14.8%;
  • Cost per ASM excl fuel: USD8.49 cents, +42.0%;
• 12 months ended 31-Dec-2014:
• • Total operating revenue: USD732.0 million, +12.4%;
  • • Ancillary: USD368.3 million, +13.4%;
  • Total operating costs: USD979.7 million, +16.4%;
  • • Fuel: USD388.2 million, +0.7%;
    • Labour: USD193.3 million, +21.9%;
  • Operating profit: USD157.3 million, +1.7%;
  • Net profit: USD86.7 million, -6.1%;
  • Passenger numbers: 8.2 million, +12.6%;
  • Load factor: 87.5%, stable;
  • Operating revenue per ASM: USD 12.71 cents, +3.9%;
  • Operating cost per ASM: USD 10.95 cents, +6.0%;
  • Cost per ASM excl fuel: USD6.61 cents, +18.0%. [more - original PR]

Allegiant Air Travel: "We are very proud to report our 48th consecutive profitable quarter. Excluding the one-time charge related to the write down of our 757 fleet, full year operating margin increased again, for the third year in a row in spite of a number of operational challenges. Looking forward, we see better execution in 2015," Maurice Gallagher, Chairman and CEO. Source: Company statement, 28-Jan-2015.