Allegiant posts net profit of US$72m in Q1
Allegiant Travel, parent of Allegiant Air, reported Q1 net income of US$72m, up 11% from a $64.9m profit in the year-ago period. Q1 revenue rose 5.9% to $348.6m, while expenses rose 2.9 % to $227.5m, producing an operating profit of $121.1m, up 12.1% from a $108.1m operating profit in Q1 2015. Capacity increased 18.8% in the Q1 and the carrier is serving 75 more cities than it did last year at this time. The carrier also reported it has 11 Airbus A320s on order for delivery between Dec 2017 and Feb 2020. Total commitment is for 61 A320s. At the end of Q1, Allegiant had 11 Airbus A319s and 16 A320s, 5 Boeing 757s, and 50 McDonnell Douglas MD-80s. System traffic rose 15% to 2.5b RPMs on an 18.8% increase in capacity to 3b ASMs, producing a load factor of 84%, down 2.8 points. CASM decreased 13.5% to 7.58 cents. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-29/unaligned/allegiant-posts-net-profit-of-us-72m-in-q1
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Allegiant posts net profit of US$72m in Q1
Allegiant Travel, parent of Allegiant Air, reported Q1 net income of US$72m, up 11% from a $64.9m profit in the year-ago period. Q1 revenue rose 5.9% to $348.6m, while expenses rose 2.9 % to $227.5m, producing an operating profit of $121.1m, up 12.1% from a $108.1m operating profit in Q1 2015. Capacity increased 18.8% in the Q1 and the carrier is serving 75 more cities than it did last year at this time. The carrier also reported it has 11 Airbus A320s on order for delivery between Dec 2017 and Feb 2020. Total commitment is for 61 A320s. At the end of Q1, Allegiant had 11 Airbus A319s and 16 A320s, 5 Boeing 757s, and 50 McDonnell Douglas MD-80s. System traffic rose 15% to 2.5b RPMs on an 18.8% increase in capacity to 3b ASMs, producing a load factor of 84%, down 2.8 points. CASM decreased 13.5% to 7.58 cents. <br/>
