Allegiant Q4 and FY 2015 Earnings
Page 1

Exhibit 99.1
 
  
ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2015
FINANCIAL RESULTS
Fourth Quarter 2015 Fully Diluted Earnings per Share of $3.38
Full Year Fully Diluted Earnings per Share of $12.94

LAS VEGAS. January 27, 2016 —
Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full year 2015, as well as comparisons to prior year equivalents:

 
 
Three Months Ended 
 December 31,
 
 
Twelve Months Ended 
 December 31,
 
Unaudited
 
2015
2014
Change
 
2015
2014
Change
Total operating revenue (millions)
 

$310.9


$279.0

11.4
%
 

$1,262.2


$1,137.0

11.0
%
Operating income (millions)
 

$93.8


$14.8

534.0
%
 

$371.7


$157.3

136.2
%
Net income (millions)
 

$56.7


$4.8

1,082.9
%
 

$220.4


$86.7

154.2
%
Diluted earnings per share
 

$3.38


$0.27

1,151.9
%
 

$12.94


$4.86

166.3
%
Return on capital employed (LTM)*
 
 
 
 
 
25.6
%
19.2
%
 
* - see appendix for calculation

“I am happy to report that we had another profitable year,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. “The drop in global energy prices was a big contributor to these results, and once again the team executed on our unique model, generating operating margins just short of 30% for the year. We also faced operational challenges during the year. To that end, I have asked Scott Sheldon and Jude Bricker to take over certain of these areas. Scott will oversee our Inflight and Operations control areas. Jude will now lead the Flight operations and Maintenance teams, as well as taking on the title of COO of Allegiant Air. Over the past ten years, these gentlemen have demonstrated excellent managerial skills and have been critical to our success. I am confident these skills will benefit the operational groups they will be supervising. It is a great time to be at Allegiant. Once again, I want to thank every team member for their dedication and effort this past year. Thank you for all that you do."

Notable fourth quarter 2015 company highlights

Network growth - Fourth quarter scheduled service ASMs grew by 25 percent; cities by nine percent, routes by 27 percent
As of December 31, 2015 the company is selling 296 routes versus 233 routes during the same time period last year
Airbus aircraft - Added seven Airbus A320 series aircraft into service during the fourth quarter



The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, January 27, 2016 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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