Allegiant reports US$48.5m Q2 net profit
Allegiant Travel Co., parent of Allegiant Air, posted a US$48.5m net profit for Q2 2017, down 20.3% from the company’s $60.8m net profit in Q2 2016. Allegiant’s Q2 revenue increased 16.2% to $400.6m, as operating expenses increased 31.2% year-over-year to $315m. Operating profit was $85.2m for the quarter, down 18.5% YOY. The airline’s aircraft fuel expenses grew 42.3% YOY during the quarter. Personnel expenses rose as well, up 34.5% YOY, continuing to reflect the labour agreement management reached with pilots last summer, which went into effect in Aug 2016. Allegiant reported a 21.3% operating margin for the quarter. CASM increased 16.4% to 8.80 cents. CASM excluding fuel increased 13.2% YOY to 6.42 cents; Allegiant attributed 6% of CASM ex-fuel costs as being related to the new pilot agreement. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-28/unaligned/allegiant-reports-us-48-5m-q2-net-profit
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Allegiant reports US$48.5m Q2 net profit
Allegiant Travel Co., parent of Allegiant Air, posted a US$48.5m net profit for Q2 2017, down 20.3% from the company’s $60.8m net profit in Q2 2016. Allegiant’s Q2 revenue increased 16.2% to $400.6m, as operating expenses increased 31.2% year-over-year to $315m. Operating profit was $85.2m for the quarter, down 18.5% YOY. The airline’s aircraft fuel expenses grew 42.3% YOY during the quarter. Personnel expenses rose as well, up 34.5% YOY, continuing to reflect the labour agreement management reached with pilots last summer, which went into effect in Aug 2016. Allegiant reported a 21.3% operating margin for the quarter. CASM increased 16.4% to 8.80 cents. CASM excluding fuel increased 13.2% YOY to 6.42 cents; Allegiant attributed 6% of CASM ex-fuel costs as being related to the new pilot agreement. <br/>
