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Allegiant Travel says 1Q profit to top Street view

crxpilot

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Allegiant Travel says 1Q profit to top Street view

Allegiant Travel anticipates 1st-quarter profit will beat analysts' estimates

  • Wednesday April 15, 2009, 7:12 am EDT
  • LAS VEGAS (AP) -- Allegiant Travel Co. said it expects first-quarter earnings to beat Wall Street's expectations.




Late Tuesday the airline and travel operator said it anticipates a profit of $1.34 to $1.38 per share.
Analysts polled by Thomson Reuters, whose estimates generally exclude one-time items, forecast net income of $1.20 per share.
Allegiant flies vacationers from smaller cities to resort destinations such as Las Vegas and Florida.

http://finance.yahoo.com/news/Allegiant-Travel-says-1Q-apf-14929610.html
 

Kharma Police

Don't mess with Texas
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Congratulations!, do you guys get some sort of profit sharing?
 

stupidpilot

Registered Moron
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Profitability on the back of labor in ancient md-80s...pathetic.
Most of the guys I talk to like it pretty well there. Pay is OK. My bud is a second(or is it third I can't remember) year captain and is breaking 6 figures. That doesn't sound too awfully bad to me.
 

BRA

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Profitability on the back of labor in ancient md-80s...pathetic.

Would Allegiant get more points if it were done with Brand new Airbus 321's?
 

BRA

Rollins Rules!
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Allegiant Travel Company Reports First Quarter 2009 Financial Results

--NET INCOME INCREASES 191%, OPERATING MARGIN EXCEEDS 31%

LAS VEGAS, April 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Allegiant Travel Company (Nasdaq: ALGT), parent company of Allegiant Air and Allegiant Vacations, today reported the following financial results for the first quarter 2009 and comparisons to prior year equivalents:
(Logo: http://www.newscom.com/cgi-bin/prnh/20060516/LATU102LOGO )


Unaudited 1Q09 1Q08 Change
Total operating revenue (millions) $142.1 $133.1 6.7 %
Operating income (millions) $44.5 $14.4 209.6 %
Operating margin 31.3% 10.8% 20.5pp

Net income (millions) $28.2 $9.7 191.2 %
Diluted earnings per share $1.37 $0.47 191.5 %

Scheduled Service:
Average fare - scheduled service $74.52 $87.00 (14.3)%
Average fare - ancillary 34.14 25.75 32.6 %
Average fare - total $108.66 $112.75 (3.6)%
Total revenue per ASM (cents) 10.83 10.61 2.1 %
Average passengers per departure 132 127 3.9 %
Load factor 90.8% 86.9% 3.9pp
Average stage length (miles) 887 907 (2.2)%

Total System*:
Operating expense per passenger $75.42 $102.86 (26.7)%
Operating expense per passenger, excluding
fuel $49.62 $47.87 3.7 %
Average departures per aircraft per day 3.00 3.19 (6.0)%
Average stage length (miles) 843 854 (1.3)%

* Total system includes scheduled service, fixed fee contract and
non-revenue flying

Allegiant Travel Company also reported the following balance sheet information:


Unaudited ($millions) March 31, December 31, Dollar
2009 2008 Change
Unrestricted cash (including
short-term investments) 236.4 174.8 61.6
Unrestricted cash net of air
traffic liability 132.9 105.8 27.1
Total debt, including capital
leases 59.3 64.7 (5.4)

"The first quarter was superb, with an all-time high 31.3% operating margin," stated Maurice J. Gallagher, Jr., CEO and President of Allegiant Travel Company. "This quarter marked a return to capacity growth after last year's pullback, with modest growth in departures amplified by increases in passengers per departure and load factor. At over $108 per passenger, we slightly exceeded the range of total scheduled fare per passenger we guided for the quarter. Also consistent with guidance, we increased year-over-year total scheduled RASM by 2.1%. Costs were down substantially, driven by a nearly 50% drop in the per-gallon cost of fuel. The result was a near-tripling of operating margins and record EPS for the company.
"Looking forward, we expect second quarter costs to be substantially lower than the prior year, both because of significantly lower fuel costs and increased utilization. Fuel cost per passenger for the first half of April was slightly more than $26, substantially below the $62.48 we paid in the second quarter of 2008. Increased utilization should drive non-fuel cost per passenger below the prior year's $47.52 per passenger. On the revenue side, travelers continue to book much closer to the time of travel, making projections difficult. For this reason, we will not give revenue guidance at this time. Given current soft fare conditions, total scheduled RASM will decline year-over-year. It will be difficult to improve materially over our 90.5% scheduled load factor in the second quarter of 2008. However, we are confident unit cost savings will thoroughly overwhelm any unit revenue softness, resulting in another strong quarter.
"In some respects, the most important event of the first quarter was our acquisition of key assets from our long-time IT provider, CMS Solutions, as previously disclosed in a SEC filing. CMS has provided the software that runs much of Allegiant, including our reservation system, and the flexibility of our reservation system has been critical to our successful ancillary revenue strategy. We now have a permanent exclusive license for all CMS airline applications and have brought in-house all related development and programming, under the leadership of our new Vice President of Information Systems, Rob Wilson, formerly of CMS. Our CMS relationship has been a cornerstone of our success and we are very pleased this function is now part of the Company."
Andrew C. Levy, CFO & Managing Director - Planning, stated, "We are very pleased with our first quarter financial performance. We held our own in a challenging revenue environment, more than offsetting fare weakness with increased load factors. At the right price we continue to find strong demand for our product. Should fuel prices remain at current levels, earnings and free cash flow will once again be exceptional.
"Our balance sheet metrics continue to lead the industry. We ended the quarter with unrestricted cash and short-term investments of $236.4 million, up from $174.8 million at the end of the prior quarter. Excluding air traffic liability, cash increased from $105.8 million to $132.9 million sequentially. Either measure is substantially in excess of quarter-end total debt of $59.3 million, down from $64.7 million at year end 2008.
"During the quarter, we had $11.5 million in capital expenditures for three aircraft (one already in service with the other two to enter service this quarter), three aircraft for part-out, and miscellaneous other purchases. We expect to continue to be opportunistic in purchasing aircraft for future service growth and part-outs to support our spare engine and rotable parts inventory.
"Lastly, since our previous earnings announcement, we spent $7.1 million in open market transactions to acquire 210,175 shares of the Company's common stock at an average of $33.59 per share under the share re-purchase program our Board of Directors approved in January 2009. Including open market transactions in both 2008 and 2009, the Company has repurchased a total of 763,875 shares at an average price of $29.94 returning a total of $22.9 million to our shareholders."
 

Jetjockey

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Most of the guys I talk to like it pretty well there. Pay is OK. My bud is a second(or is it third I can't remember) year captain and is breaking 6 figures. That doesn't sound too awfully bad to me.


There is the problem. In the not so recent past, a first officer in his 3rd year was breaking 6 figures. Lower your expectations, you'll hit them every time.
 

Max Powers

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Most of the guys I talk to like it pretty well there. Pay is OK. My bud is a second(or is it third I can't remember) year captain and is breaking 6 figures. That doesn't sound too awfully bad to me.
Judging by the picture in your avatar you are the type of guy who is willing to bend over and take it from anyone who claims to be an all knowing CEO. Just breaking 6 digits doesn't sound bad to you because that is all your worth. Have some respect for this countries leader you fracking tool bag.
 

Dix-Bag

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Judging by the picture in your avatar you are the type of guy who is willing to bend over and take it from anyone who claims to be an all knowing CEO. Just breaking 6 digits doesn't sound bad to you because that is all your worth. Have some respect for this countries leader you fracking tool bag.


Word...
 

Caveman

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Have some respect for this countries leader you fracking tool bag.

I'll show Nobama the same respect and courtesy the left showed Bush. IOW, none, zero, nada.

One
Big
Ass
Mistake
America
 

scarlet

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Yeah the troops are coming home in 12 months--never hear about that? Balance the budget line by line- 3 times he made that promise-pork that congress never read ? How much pork? WE run auto industry, he wants to run the healthcare indust.,we running the banking industry=Can you say welcome to FRANCE?

He is upsat about how we get information from people that CUT AMERICANS heads OFF on video, we pour water in their face, and put insects in a small room with them= AMERICA WAKE UP !!
 

jimcav

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Judging by the picture in your avatar you are the type of guy who is willing to bend over and take it from anyone who claims to be an all knowing CEO. Just breaking 6 digits doesn't sound bad to you because that is all your worth. Have some respect for this countries leader you fracking tool bag.
Just like you showed Bush? F**k You!
 

Citrus531

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Bush didn't deserve any with the pathetic job he did....we're up sh*t creek now thanks to the last 8 years. I hope he chokes on another pretzel

On a lighter note, great job Allegiant. Hope that profit sharing works out for you guys with all of the success you guys are having.
 
Last edited:

Jetpipeovht

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Bush was a f*cktard but I believe Cheney and his cronies had quite a bit more to do with this country's hardships. IMO.

As for Allegiant, they make money because:

They fly POS MD-80 series aircraft because they buy them outright for cheap cheap. Therefore no lease payments.

(We all know what happened to Value scab NOW AAI.) They did something similar buying POS DC-9's. Yet the ignorant public bought tickets because they have no clue they are going to fly in an antequated airplane for a few bucks less. The public is so cheap and f*ckin stupid. Therefore as long as the public remain ignorant and stupid, the sky is the limit. God forbid one becomes a smoking hole and the blame was something mechanical.

They do not pay their pilots sh*t. Some even say since they make 6 figures as a 3 yr captain it's ok. So dumb@ss pilots that think that way tend to save the company money too.

They have no RONS. Only day trips.

I had a Captain in a crash pad in FL and he said that sometimes they rent them a car so HE can drive from TPA to FLL to start his trip.

They probably don't pay their FA's anything either.

My rant over.
 

Ameriagle

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Bush was a f*cktard but I believe Cheney and his cronies had quite a bit more to do with this country's hardships. IMO.

As for Allegiant, they make money because:

They fly POS MD-80 series aircraft because they buy them outright for cheap cheap. Therefore no lease payments.

(We all know what happened to Value scab NOW AAI.) They did something similar buying POS DC-9's. Yet the ignorant public bought tickets because they have no clue they are going to fly in an antequated airplane for a few bucks less. The public is so cheap and f*ckin stupid. Therefore as long as the public remain ignorant and stupid, the sky is the limit. God forbid one becomes a smoking hole and the blame was something mechanical.

They do not pay their pilots sh*t. Some even say since they make 6 figures as a 3 yr captain it's ok. So dumb@ss pilots that think that way tend to save the company money too.

They have no RONS. Only day trips.

I had a Captain in a crash pad in FL and he said that sometimes they rent them a car so HE can drive from TPA to FLL to start his trip.

They probably don't pay their FA's anything either.

My rant over.

Speaking of ignorant and stupid........
 

chperplt

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Bush was a f*cktard but I believe Cheney and his cronies had quite a bit more to do with this country's hardships. IMO.

As for Allegiant, they make money because:

They fly POS MD-80 series aircraft because they buy them outright for cheap cheap. Therefore no lease payments.

(We all know what happened to Value scab NOW AAI.) They did something similar buying POS DC-9's. Yet the ignorant public bought tickets because they have no clue they are going to fly in an antequated airplane for a few bucks less. The public is so cheap and f*ckin stupid. Therefore as long as the public remain ignorant and stupid, the sky is the limit. God forbid one becomes a smoking hole and the blame was something mechanical.

They do not pay their pilots sh*t. Some even say since they make 6 figures as a 3 yr captain it's ok. So dumb@ss pilots that think that way tend to save the company money too.

They have no RONS. Only day trips.

I had a Captain in a crash pad in FL and he said that sometimes they rent them a car so HE can drive from TPA to FLL to start his trip.

They probably don't pay their FA's anything either.

My rant over.

You might be a little easier to understand if you spit out that there chewin tobacco before you start to talk...
 

Jetpipeovht

Doug's drunk buddy
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HAHAHA!! Now I am getting the pro-Allegiant feedback. I am sure that Sh*thole of an airline was your first choice to work for.
 

crxpilot

Waaasssuuuupppppp!!!!!
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Posts
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Bush was a f*cktard but I believe Cheney and his cronies had quite a bit more to do with this country's hardships. IMO.

As for Allegiant, they make money because:

They fly POS MD-80 series aircraft because they buy them outright for cheap cheap. Therefore no lease payments.

(We all know what happened to Value scab NOW AAI.) They did something similar buying POS DC-9's. Yet the ignorant public bought tickets because they have no clue they are going to fly in an antequated airplane for a few bucks less. The public is so cheap and f*ckin stupid. Therefore as long as the public remain ignorant and stupid, the sky is the limit. God forbid one becomes a smoking hole and the blame was something mechanical.

They do not pay their pilots sh*t. Some even say since they make 6 figures as a 3 yr captain it's ok. So dumb@ss pilots that think that way tend to save the company money too.

They have no RONS. Only day trips.

I had a Captain in a crash pad in FL and he said that sometimes they rent them a car so HE can drive from TPA to FLL to start his trip.

They probably don't pay their FA's anything either.

My rant over.

American and Delta have a heck of a lot more of those POS MD-80's that you speak of. Guess their passengers are just as ignorant.
 
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