Allegiant 4Q results in 23.4% operating margin and $25 million share buyback

[crxpilot]

http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=834598 &Category=Quick Facts


Allegiant Travel Q4 profit jumps; announces $25 mln stock buyback program - Quick Facts
1/26/2009 8:57 PM ET

(RTTNews) - Allegiant Travel Co. (ALGT: News ) reported fourth quarter net income of $18.2 million or $0.88 per share, versus $4.77 million or $0.23 per share in the same period last year.

Total operating revenue for the quarter rose 21.3% to $122.43 million from $100.96 million in the year-ago quarter.

Analysts polled by First Call/Thomson Financial expected the company to report earnings for the quarter of $0.67 per share on $121.40 million revenue.


Looking ahead, the company said it expects first quarter 2009 year-over-year departure growth of approximately 5% and ASM growth of approximately 7%. For the second quarter 2009, the company expects year-over-year departure growth of approximately 18% and ASM growth of approximately 21%.

The company also announced that its Board authorized a share repurchase program to acquire up to $25 million of common stock, which replaces a prior program authorized last year at this time which is expiring.

 

[BRA]

Well sure, wait until they start paying the MX costs on those airbuses! Oh, wait, that was some other argument for someone else a few years back.

It's the crew costs! Watch Skybus profit be even higher.

 

[armani]

Very Nice!!

 

[Blue Dude]

Well, you know those MD-80's are brand new, and I hear that McDonnell Douglas is picking up the fuel costs too for the first few years...

 

[clickclickboom]

Good for them. I hope their success continues

 

[cargocaptain]

Very Nice, Senior....umhmmm. Thank you.

 

[shroomwell]

The financial performance of Allegiant really is amazing. In today's age of financial fraud I have to think that it might be a possibility.

 

[BEECH-SLAPPED]

The financial performance of Allegiant really is amazing. In today's age of financial fraud I have to think that it might be a possibility.

You accusing them of cooking the books? What a sad industry we're in when it's considered taboo to be profitable.

 

[a320drivr]

Get a decent pay scale.

 

[chperplt]

Get a decent pay scale.

:laugh:

 

[chperplt]

The financial performance of Allegiant really is amazing. In today's age of financial fraud I have to think that it might be a possibility.

And my profit sharing check will bounce too...



Where do these bozos come up with this stuff??

 

[727Niteflyer]

sounds like a well run airline.

 

[BEECH-SLAPPED]

Get a decent pay scale.

Ok, let's give every pilot on our seniority list a $70/hr raise (which will most likely put us well above what YOU'RE making). We still made $14M. What else ya got?

 

[chperplt]

Ok, let's give every pilot on our seniority list a $70/hr raise (which will most likely put us well above what YOU'RE making). We still made $14M. What else ya got?

The only thing he's got is "full pay to the last day." :crying:

 

[Ameriagle]

Get a decent pay scale.

I'm feeling a little let down....it took more than a day for the resident d****e bag to come in and take a shot. Was probably busy updating his resume.

 

[maxpayrollcruz]

Get a decent pay scale.

Like JB is the highest paid airline in the country. D-Bag.

 

[crxpilot]

I'm feeling a little let down....it took more than a day for the resident d****e bag to come in and take a shot. Was probably busy updating his resume.

No that would be The Victors and 5, 4, 3, 2, 1,,,,

 

[a320drivr]

Like JB is the highest paid airline in the country. D-Bag.

170k d bag. Not bad but not great.

 

[Ameriagle]

170k d bag. Not bad but not great.

Ahhhhh.....you must be on the 190 then....ohhh wait never mind.

 

[Hovernut]

Much better than going backwards at a Regional! What price can be placed on being home every night and not commuting? With this job in these times, I'd assign it an enormous value. Much better than commuting to JF'nK several times a month and riding the Q-10 to the crashpad!!

These people and their high horses...wow!

 

[Daytonaflyer]

No worries, we're working on it. It's just a matter of time before our wages are standard for an airilne our size.

 

[Blue Dude]

That's what we said at JetBlue. We're still waiting.

 

[PCL_128]

No worries, we're working on it. It's just a matter of time before our wages are standard for an airilne our size.

How are you working on it? Is there a union drive going on?

 

[chperplt]

How are you working on it? Is there a union drive going on?

Why would we need a union drive? Our pilot advisory group (AAPAG) has gotten this pilot group a 40% increase in pay over the last 4 years. There's no reason to think they won't continue to make improvements to our pay and work rules as time goes on.

When we stop seeing improvements, we can talk about a union drive.

 

[PCL_128]

That's what I thought.

 

[Blue Dude]

Why would we need a union drive? Our pilot advisory group (AAPAG) has gotten this pilot group a 40% increase in pay over the last 4 years. There's no reason to think they won't continue to make improvements to our pay and work rules as time goes on.

When we stop seeing improvements, we can talk about a union drive.

Good luck with that plan. Sounds like us circa 2002.

 

[chperplt]

That's what I thought.

How about you worry about your company and let us worry about ours? Last I checked, you guys weren't doing so hot... Since you think you have all the answers, fix your own sh-t first.

I guess you could always go PFT somewhere else if your current gig doesn't work out... Heck, maybe Gulfstreme will take you back???

 

[chperplt]

Good luck with that plan. Sounds like us circa 2002.

So far so good Dude... We have a lot of work to do, but the progress we've made has been better than any union could have done.

If our management keeps an open mind and wants to stay union free, they'll do what needs to be done. I don't think the pilot group will have a problem pulling the trigger on a union if and when the time comes.

 

[crxpilot]

How about you worry about your company and let us worry about ours? Last I checked, you guys weren't doing so hot... Since you think you have all the answers, fix your own sh-t first.

I guess you could always go PFT somewhere else if your current gig doesn't work out... Heck, maybe Gulfstreme will take you back???

A little touchy are we?

 

[PCL_128]

How about you worry about your company and let us worry about ours?

I am worried about my pilot group. We're trying to negotiate pay raises while you guys who fly similar equipment are doing it for far less than our 8-year old contract rates. We're trying to get our FOs up to respectable rates, but your FOs top out at a rate that is less than our 3rd year rate. We're trying to bring our Captains up to something close SWA rates, while you top out at barely more than half that. You don't exist in a vacuum. Your rates affect everyone else.