Last $127.40 USD
Change Today +0.35 / 0.28%
Volume 160.2K
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As of 5:20 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

allegiant travel co (ALGT) Key Developments

Allegiant Travel Company Reports Preliminary Passenger Traffic Results for the Month of July 2014

Allegiant Travel Company reported preliminary passenger traffic results for the month of July 2014. For the month, the company's passengers were 837,267 compared with 758,241 a year ago. Revenue passenger miles were 800,551,000 compared with 747,144,000 a year ago. Available seat miles were 873,990,000 compared with 815,994,000 a year ago. Load factor was 91.6% compared with 91.6% a year ago.

Allegiant Travel Company Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for Fiscal 2014 and 2015

Allegiant Travel Company reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenue of $290,541,000 compared with $255,846,000 for the same period last year. Operating income was $56,413,000 compared with $42,856,000 for the same period last year. Interest income was $234,000 compared with $216,000 for the same period last year. Income before income taxes was $53,131,000 compared with $40,910,000 for the same period last year. Net income attributable to the company was $33,499,000 or $1.86 diluted per share compared with $25,760,000 or $1.34 diluted per share for the same period last year. EBITDA was $76.4 million compared with $61.0 million for the same period last year. EBITDAR was $78.3 million compared with $62.3 million for the same period last year. For the quarter, the company reported revenue passenger miles of 2,030,638,000, available seat miles of 2,289,201,000, load factor of 88.7% and operating revenue per ASM of 12.69 cents compared to revenue passenger miles of 1,889,416,000, available seat miles of 2,134,660,000, load factor of 88.5% and operating revenue per ASM of 11.99 cents reported a year ago. For six months, the company reported total operating revenue of $593,066,000 compared with $528,805,000 for the same period last year. Operating income was $113,686,000 compared with $95,223,000 for the same period last year. Interest income was $439,000 compared with $478,000 for the same period last year. INCOME BEFORE INCOME TAXES was $107,476,000 compared with $91,389,000 for the same period last year. NET INCOME ATTRIBUTABLE TO ALLEGIANT TRAVEL COMPANY was $67,720,000 or $3.72 diluted per share compared with $57,692,000 or $3.00 diluted per share for the same period last year. EBITDA was $152.2 million compared with $130.4 million for the same period last year. EBITDAR was $163.5 million compared with $132.0 million for the same period last year. For the quarter, the company reported revenue passenger miles of 4,112,138,000, available seat miles of 4,670,340,000, load factor of 88.0% and operating revenue per ASM of 12.70 cents compared to revenue passenger miles of 3,797,491,000, available seat miles of 4,297,805,000, load factor of 88.4% and operating revenue per ASM of 12.30 cents reported a year ago. For fiscal 2014, the company expected capital expenditures of $390 million to $400 million. For the fiscal 2015, the company expected capital expenditures of $160 million to $170 million.

Allegiant Announces New, Nonstop Jet Service from Cincinnati / Northern Kentucky International Airport to Fort Lauderdale and Phoenix

Allegiant announced new, nonstop jet service from Cincinnati /Northern Kentucky International Airport (CVG) to Fort Lauderdale beginning October 9, 2014 and Phoenix beginning November 12, 2014. In addition to these two new, low-cost flight options for Cincinnati travelers, Allegiant will also add additional weekly flights to Orlando, St. Pete and Punta Gorda. The company is bringing vacation travel back to CVG with nonstop flights to sunshine as low as $81 one way. The new flights to Fort Lauderdale will operate four times weekly between Cincinnati /Northern Kentucky International Airport (CVG) and Fort Lauderdale-Hollywood International Airport (FLL). The new flights to Phoenix will operate twice weekly between Cincinnati /Northern Kentucky International Airport (CVG) and Phoenix-Mesa Gateway Airport (AZA).

Allegiant Travel Company, Q2 2014 Earnings Call, Jul 23, 2014

Allegiant Travel Company, Q2 2014 Earnings Call, Jul 23, 2014

Allegiant Travel Company Launches Nonstop Seasonal Service from Cincinnati to Myrtle Beach

Allegiant Travel Company has launched a nonstop seasonal jet service from Cincinnati/Northern Kentucky International Airport to Myrtle Beach. The new flights will operate two times a week until Aug. 11, 2014, flying nonstop from Cincinnati/Northern Kentucky International Airport (CVG) to Myrtle Beach International Airport (MYR). Myrtle Beach becomes the fourth destination available to Allegiant travelers flying out of CVG, including Orlando, Punta Gorda and Tampa Bay.

 

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ALGT

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Valuation ALGT Industry Range
Price/Earnings 23.1x
Price/Sales 2.1x
Price/Book 6.0x
Price/Cash Flow 13.0x
TEV/Sales 1.0x
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