Allegiant First Qtr

Press Release


"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.