Allegiant Air 757-204(WL) (26963/450) N901NV taxies at Las Vegas McCarran International Airport (LAS/KLAS) on December 16, 2012.
(Photo by Michael Carter)
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $34 million, up 7% from $31.8 million in the year-ago quarter.
Total operating revenue was up 10.8% to $302.5 million, while expenses climbed 11.2% to $245.3 million, producing an operating income of $57.3 million, up 9.4% year-over-year.
Chairman and CEO Maurice Gallagher said that “significant operational challenges and unusually high one-time costs impacted our overall financial performance. This was a very difficult operational quarter as we navigated through significant flight crew availability issues stemming from external factors that occurred last year.”
Scheduled traffic during the quarter rose 9.6% to 2.06 billion RPMs on an 11.3% increase in capacity to 2.33 billion ASMs, producing a load factor of 88.5%, down 1.3 points compared to the first quarter of 2013. Yield rose 3.1% to 9.88 cents.
During the first quarter, the company integrated Airbus A320 aircraft into scheduled operations, ending the quarter with three A319s and seven A320s. According to a company statement, it also integrated two McDonnell Douglas MD-80 aircraft configured with 166 seats to the fleet in March, ending the quarter with 53 166-seat MD-80s. It also completed the reconfiguration of its Boeing 757 fleet from 223 seats to 215 seats and added six “Giant Seats” per aircraft.
(Linda Blachly - ATWOnline News)
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