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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.
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.