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Allegiant Travel Company operating profit up 26% in 4Q2012, full year profit also increase

31-Jan-2013 1:42 PM

Allegiant Travel Company revenue up 15% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Total operating revenue: USD222.8 million, +14.9% year-on-year;
      • Ancillary: USD71.1 million, +40.3%;
    • Total operating costs: USD197.5 million, +13.6%;
      • Fuel: USD91.6 million, +13.3%;
      • Labour: USD33.9 million, +14.7%;
    • Operating profit: USD25.4 million, +25.8%;
    • Net profit: USD14.8 million, +36.6%;
    • Passenger numbers: 1.7 million, +11.3%;
    • Load factor: 84.0%, -2.5 ppts;
    • Operating revenue per ASM: USD 11.85 cents, -3.7%;
    • Operating cost per ASM: USD 10.50 cents, -4.8%;
    • Cost per ASM excl fuel: USD 5.63 cents, -4.4%;
    • Average stage length: 882 miles, +3.4%;
  • 12 months ended 31-Dec-2012:
    • Total operating revenue: USD908.7 million, +16.6%;
      • Ancillary: USD271.6 million, +29.3%;
    • Total operating costs: USD776.4 million, +11.9%;
      • Fuel: USD378.2 million, +14.4%;
      • Labour: USD133.3 million, +11.2%;
    • Operating profit: USD132.3 million, +54.8%;
    • Net profit: USD78.6 million, +59.1%;
    • Passenger numbers: 7.0 million, +13.1%;
    • Load factor: 87.0%, -1.6 ppt;
    • Operating revenue per ASM: USD 12.14 cents, -0.8%;
    • Operating cost per ASM: USD 10.37 cents, -4.9%;
    • Cost per ASM excl fuel: USD 5.32 cents, -6.7%;
    • Average stage length: 872 miles, +1.6%.
    • Unrestricted cash: USD352.7 million, +10.4%;
  • 1Q2013 forecast:
    • Passenger revenue per ASM: -8% to -6%;
    • Cost per ASM excl fuel: +1% to +3%;
    • Capacity (ASMs): +14% to +18%;
    • Scheduled: +19% to +23%. [more – original PR]