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2-Aug-2012 1:51 PM

Allegiant Travel Co operating profit doubles in 2Q2012

Allegiant Travel Co revenue up 15% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD231.2 million, +15.3% year-on-year;
      • Ancillary: USD67.3 million, +23.9%;
    • Operating costs: USD189.3 million, +5.3%;
      • Fuel: USD94.2 million, +9.0%;
      • Labour: USD33.2 million, +11.2%;
    • Operating profit: USD41.9 million, +102.1%;
    • Net profit: USD25.2 million, +110.8%;
    • Passenger numbers: 1.8 million, +15.1%;
    • Load factor: 87.9%, -1.0 ppt;
    • Operating revenue per ASM: USD 12.41 cents, -2.4%;
    • Operating cost per ASM: USD 10.16 cents, -10.9%;
    • Cost per ASM excl fuel: USD 5.10 cents, -13.9%;
    • Average stage length: 859 miles, +1.3%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD469.0 million, +19.1%;
      • Ancillary: USD131.5 million, +23.4%;
    • Operating costs: USD390.8 million, +13.2%;
      • Fuel: USD196.6 million, +18.7%;
      • Labour: USD66.5 million, +9.5%;
    • Operating profit: USD78.2 million, +61.1%;
    • Net profit: USD46.9 million, +61.1%;
    • Passenger numbers: 3.6 million, +15.9%;
    • Load factor: 88.3%, -1.0 ppt;
    • Operating revenue per ASM: USD 12.41 cents, +0.7%;
    • Operating cost per ASM: USD 10.34 cents, -4.3%;
    • Cost per ASM excl fuel: USD 5.14 cents, -8.5%;
    • Average stage length: 873 miles, +0.8%;
    • Unrestricted cash: USD390.1 million, +22.1% when compared to period ended 31-Dec-2011;
    • Total debt: USD156.2 million, +6.9% when compared to period ended 31-Dec-2011;
  • 3Q2012 forecast:
    • Passenger revenue per ASM: -7% to -9%;
    • Cost per ASM excl fuel: stable to -2%;
    • Number of MD-80s to be converted to 166 seats: 37 to 39;
    • Capacity:
      • Departure: +2% to +6%;
      • ASMs: +14% to +18%;
  • 4Q2012 forecast:
    • Capacity:
      • Departure: +5% to +9%;
      • ASMs: +19% to +23%;
  • FY2012 forecast:
    • Scheduled ASM: +20% to +25%;
    • Cost per ASM excl fuel: -5% to -10%;
  • FY2013 forecast:

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