Allegiant Q4 down 27%
Allegiant Travel, parent of Allegiant Air, announced a Q4 net profit of US$41.3m, down 27.2% on the previous year. Operating revenue for the quarter was 8% up at $335.9m, while expenses rose 23.3% to $267.8m. Capacity in available seat miles jumped 13.3%, and passenger traffic in revenue passenger miles was up 10.9%. The resulting load factor came in at 79.8%, 1.7 percentage points down on the prior year period. For the full year to end Dec 2016, Allegiant earned $219.6m, a 0.4% dip from 2015. Operating revenue rose 8% to $1.36b, but expenses were up 11.4% at $992.3m. ASM capacity for the full year was up 17.6%, with RPM traffic up 15%. Load factor was down 1.9% at 83.1%. Looking forward, Allegiant expects revenue per available seat mile to be down by between 1.5 and 3.5% in Q1 2017. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-01/unaligned/allegiant-q4-down-27
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Allegiant Q4 down 27%
Allegiant Travel, parent of Allegiant Air, announced a Q4 net profit of US$41.3m, down 27.2% on the previous year. Operating revenue for the quarter was 8% up at $335.9m, while expenses rose 23.3% to $267.8m. Capacity in available seat miles jumped 13.3%, and passenger traffic in revenue passenger miles was up 10.9%. The resulting load factor came in at 79.8%, 1.7 percentage points down on the prior year period. For the full year to end Dec 2016, Allegiant earned $219.6m, a 0.4% dip from 2015. Operating revenue rose 8% to $1.36b, but expenses were up 11.4% at $992.3m. ASM capacity for the full year was up 17.6%, with RPM traffic up 15%. Load factor was down 1.9% at 83.1%. Looking forward, Allegiant expects revenue per available seat mile to be down by between 1.5 and 3.5% in Q1 2017. <br/>
