Allegiant reports 30% revenue increase

Allegiant reported first quarter 2022 income before tax of $74.4 million, meaning a pre-tax margin of 11.5%, with airline-only income before income tax coming to 78.9 million, a pre-tax margin of 12.1%. The company reported operating income of $94.8 million, yielding an operating margin of 14.6%, and airline-only operating income of $97.6 million, a 15% margin. The travel business reported earnings (consolidated EBITDA) of $149.5 million,with airlines-related EBIDTA of $152.2 million, a 23.4% margin. Revenue was up almost 30% year-on-year to $649.7 million, with fixed fee contracts revenue of $14.1 million, the company’s highest for a first quarter. “I am