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Allegiant Travel Company reports 43rd consecutive profitable quarter in 3Q2013

24-Oct-2013 8:19 AM

Allegiant Travel Company revenue up 6% - financial highlights for three months ended 30-Sep-2013:

  • Total operating revenue: USD228.9 million, +5.5% year-on-year;
    • Ancillary: USD75.2 million, +9.1%;
  • Operating costs: USD199.6 million, +6.1%;
    • Fuel: USD89.2 million, -0.8%;
    • Labour: USD38.1 million, +16.0%;
  • Operating profit: USD29.2 million, +1.7%;
  • Net profit: USD17.1 million, +1.0%;
  • Passenger numbers: 1.7 million, +0.9%;
  • Passenger load factor: 89.3%, +1.9 ppt;
  • Operating revenue per ASM: USD 12.13 cents, +2.3%;
  • Operating cost per ASM: USD 10.58 cents, +2.8%;
  • Cost per ASM excl fuel: USD5.85 cents, +8.9%;
  • Average stage length: 910 miles, +5.8%;
  • Scheduled service average fare: USD130.99, +4.8%;
  • Unrestricted cash: USD303.6 million;
  • Total debt: USD179.7 million. [more - original PR] [more - original PR - 10Q]

Allegiant Travel Company: “We are very proud to report our 43rd consecutive profitable quarter. We are pleased to produce another profitable quarter and be able to return cash to shareholders through our share repurchase program.” Maurice Gallagher Jr, Chairman and CEO. Source: Company statement, 23-Oct-2013.