Allegiant Air – Another stellar financial performance in 1Q09

Allegiant Air reported a 6.7% year-on-year revenue increase to USD142.1 million in the three months ended 31-Mar-09 (1Q09), on the back of year-on-year improvements in load factors, ancillary revenues and average passengers per departure. A substantial reduction in costs, driven by a nearly 50% reduction in the per gallon cost of fuel, resulting in a near-tripling of the carrier's operating margins and a record EPS for the company.