Allegiant Travel Company operating profit stable in 'transformational' 2016

Allegiant Travel Company revenue up 8% - financial highlights:

• Three months ended 31-Dec-2016:
• • Total operating revenue: USD335.9 million, +8.0% year-on-year;
  • • Ancillary: USD133.1 million, +13.9%;
  • Total operating costs: USD267.8 million, +23.3%;
  • • Labour: USD80.8 million, +37.7%;
    • Fuel: USD74.4 million, +21.1%;
  • Operating profit: USD68.1 million, -27.4%;
  • Net profit: USD41.3 million, -27.2%;
  • Passengers: 2.7 million, +15.1%;
  • Passenger load factor: 79.8%, -1.7 ppt;
  • Operating cost per ASM: USD8.71 cents, +8.9%;
  • Cost per ASM excl fuel: USD 6.29 cents, +9.6%;
  • Average stage length: 868 miles, -3.6%;
• 12 months ended 31-Dec-2016:
• • Total operating revenue: USD1363 million, +8.0%;
  • • Ancillary: USD544.5 million, +14.8%;
  • Total operating costs: USD992.3 million, +11.4%;
  • • Labour: USD292.0 million, +27.1%;
    • Fuel: USD257.3 million, -7.6%;
  • Operating profit: USD370.6 million, -0.3%;
  • Net profit: USD219.6 million, -0.3%;
  • Passengers: 11.1 million, +17.1%;
  • Passenger load factor: 83.1%, -1.9 ppt;
  • Operating cost per ASM: USD 8.02 cents, -5.1%;
  • Cost per ASM excl fuel: USD 5.94 cents, +2.2%;
  • Average stage length: 889 miles, -1.2%;
  • Total unrestricted cash: USD458.8 million. [more - original PR]

Allegiant Travel Company: "2016 has been a very transformational year for Allegiant. During this year we finalised a single fleet type plan, signed our first pilot contract agreement, launched our credit card program, and announced the appointment of John Redmond as President of Allegiant. Each of these actions is critical in the evolution of our business model in the coming years. We have also had our share of challenges this past year but through the perseverance of our team members we were able to deliver our 56th consecutive profitable quarter and another successful year," Maurice Gallagher, Chairman and CEO. Source: Company statement, 31-Jan-2017.