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

crxpilot

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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

Rollins Rules!
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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.
 

Blue Dude

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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...
 

shroomwell

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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

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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.
 

chperplt

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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??
 

BEECH-SLAPPED

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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

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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:
 

crxpilot

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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,,,,
 

Hovernut

Home Based Again!
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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!
 
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