Allegiant Travel Company reports 45th consecutive profitable quarter in 1Q2014

Allegiant Travel Company revenue up 11% - financial highlights for three months ended 31-Mar-2014:

• Total operating revenue: USD302.5 million, +10.8% year-on-year;
• • Ancillary: USD96.1 million, +9.8%;
• Total operating costs: USD245.3 million, +11.2%;
• • Fuel: USD108.9 million, +0.4%;
  • Labour: USD46.4 million, +12.8%;
• Operating profit: USD57.3 million, +9.4%;
• Net profit: USD34.2 million, +7.2%;
• Passenger numbers: 2.1 million, +10.2%;
• Passenger load factor: 87.4%, -0.8 ppt;
• Operating revenue per ASM: USD 12.71 cents, +0.7%;
• Operating cost per ASM: USD 10.3 cents, +1.0%;
• Cost per ASM excl fuel: USD 5.72 cents, +10.4%;
• Average stage length: 960 miles, +0.4%;
• Total assets: USD859.3 million;
• Unrestricted cash: USD365.8 million;
• Total debt: USD229.3 million. [more - original PR]

Allegiant Travel Company: "We are very proud to report our 45th consecutive profitable quarter. We are pleased to produce another profitable quarter despite significant operational challenges and unusually high one-time costs that impacted our overall financial performance. This was a very difficult operational quarter as we navigated through significant flight crew availability issues stemming from external factors that occurred last year," Maurice Gallagher, Chairman and CEO. Source: Company statement, 23-Apr-2014.