Allegiant Air income jumps 7%

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By TESTCustomwebLP TESTCustomwebLP April 28, 2014 14:45

Allegiant Air income jumps 7%

Allegiant Travel Co., parent of Allegiant Air, posted a 7% increase in first-quarter net income to $34 million. Total operating revenue rose by 10.8% to $302.5 million, with expenses up by 11.2% to $245.3 million. Operating income rose by 9.4% to $57.3 million.

Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company, said: “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.  I am happy to report that our Team Members overcame this adversity and pulled together another solidly profitable quarter.”

Scheduled traffic rose 9.6% to 2.06 billion RPMs on an 11.3% increase in capacity to 2.33 billion ASMs, producing a load factor of 88.5%, down 1.3 points compared to the first quarter of 2013. Yield rose 3.1% to 9.88 cents.

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By TESTCustomwebLP TESTCustomwebLP April 28, 2014 14:45
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