Allegiant Travel Company reports double-digit profit growth in 2Q2014

Allegiant Travel Company revenue up 14% - financial highlights:

• Three months ended 30-Jun-2014:
• • Total operating revenue: USD290.5 million, +13.6% year-on-year;
  • • Ancillary: USD95.4 million, +9.8%;
  • Total operating costs: USD234.1 million, +9.9%;
  • • Fuel: USD104.5 million, +7.6%;
    • Labour: USD47.3 million, +19.3%;
  • Operating profit: USD56.4 million, +31.5%;
  • Net profit: USD33.5 million, +30.0%;
  • Passenger numbers: 2.1 million, +12.3%;
  • Load factor: 88.7%, +0.2 ppt;
  • Operating revenue per ASM: USD 12.69 cents, +5.8%;
  • Operating cost per ASM: USD 10.23 cents, +2.5%;
  • Cost per ASM excl fuel: USD 5.66 cents, +4.2%;
• Six months ended 30-Jun-2014:
• • Total operating revenue: USD593.1 million, +12.2%;
  • • Ancillary: USD191.5 million, +9.8%;
  • Total operating costs: USD479.4 million, +10.6%;
  • • Fuel: USD213.4 million, +3.8%;
    • Labour: USD93.7 million, +16.0%;
  • Operating profit: USD113.7 million, +19.4%;
  • Net profit: USD67.7 million, +17.3%;
  • Passenger numbers: 4.2 million, +11.3%;
  • Load factor: 88.0%, -0.4 ppt;
  • Operating revenue per ASM: USD 12.70 cents, +3.3%;
  • Operating cost per ASM: USD 10.26 cents, +1.7%;
  • Cost per ASM excl fuel: USD 5.69 cents, +7.2%. [more - original PR]

Allegiant Travel Company: "We are very proud to report our 46th consecutive profitable quarter. We have been working very hard to mitigate the crew training issues that have impacted us in the past two quarters. Although these issues did contribute to operational inefficiencies and incremental costs during this past quarter we are trending in the right direction and hope these issues have minimal impact in the third quarter," Maurice Gallagher, Chairman and CEO. Source: Company statement, 23-Jul-2014.