Exhibit 99.1
 
  
ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2013
FINANCIAL RESULTS
44th Consecutive Profitable Quarter
Fourth Quarter Fully Diluted Earnings per Share of $0.94
Full Year Fully Diluted Earnings per Share of $4.82
 
 
 
LAS VEGAS. January 29, 2014 —
Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for both the fourth quarter and full year 2013, as well as comparisons to prior year equivalents:
 
Unaudited
 
Three months ended December 31,

 
Twelve months ended December 31,

 
 
2013
2012
Change

 
2013
2012
Change

Total operating revenue (millions)
 

$238.5


$222.8

7.0
%


$996.2


$908.7

9.6
%
Operating income (millions)
 

$30.3


$25.4

19.3
%


$154.7


$132.3

17.0
%
Operating margin
 
12.7
%
11.4
%
1.3pp


15.5
%
14.6
%
0.9pp

EBITDA (millions)
 

$47.9


$42.2

13.5
%


$224.9


$190.1

18.3
%
EBITDA margin
 
20.1
%
18.9
%
1.2pp


22.6
%
20.9
%
1.7pp

EBITDAR (millions)
 

$53.4


$42.2

26.5
%
 

$234.1


$190.1

23.2
%
EBITDAR margin
 
22.4
%
18.9
%
3.5pp

 
23.5
%
20.9
%
2.6pp

Net income (millions)
 

$17.5


$14.8

18.2
%
 

$92.3


$78.6

17.4
%
Diluted earnings per share
 

$0.94


$0.76

23.7
%
 

$4.82


$4.06

18.7
%
Return on capital employed
 
 
 
 
 
16.4
%
15.6
%
0.8pp


“We are very proud to report our 44th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “This is the second consecutive year that we have grown both full year EBITDA and operating margin. As we continue to add more efficient Airbus aircraft to our operating fleet, we have the opportunity to continue margin improvement going forward. Thank you for the tireless efforts of our Team Members whose contributions were critical to our successful 2013."


Notable fourth quarter and full year 2013 company highlights

Added the Airbus A320 and A319 onto the Allegiant operating certificate
Ended 2013 with three A319 and five A320 aircraft in service. Added two more A320 aircraft in January 2014
Retired five MD-80 aircraft
Completed the conversion of 51 MD-80 aircraft to 166 seats. Will add two more MD-80 aircraft configured with 166 seats to the fleet in March 2014. We expect our MD-80 fleet to remain at 53 aircraft for the foreseeable future
Returned $83 million to shareholders through the repurchase of 913,806 shares in 2013
Paid a special dividend of $2.25 per share in early January 2014


The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, January 29, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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