ALLEGIANT TRAVEL COMPANY FULL YEAR AND FOURTH QUARTER 2016
Full Year 2016 Fully Diluted Earnings per Share of $13.21
Fourth Quarter 2016 Fully Diluted Earnings per Share of $2.48
LAS VEGAS. January 31, 2017 —Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the full year and fourth quarter 2016, as well as comparisons to prior year equivalents:
Three Months Ended December 31,
Year Ended December 31,
Total operating revenue (millions)
Operating income (millions)
Net income (millions)
Diluted earnings per share
Return on capital employed*
* - see appendix for calculation
“2016 has been a very transformational year for Allegiant,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. During this year we finalized a single fleet type plan, signed our first pilot contract agreement, launched our credit card program, and announced the appointment of John Redmond as President of Allegiant. Each of these actions is critical in the evolution of our business model in the coming years. We have also had our share of challenges this past year but through the perseverance of our team members we were able to deliver our 56th consecutive profitable quarter and another successful year.
“I am also pleased to announce we have created an Executive Vice President (EVP) level in the company. Our Senior Vice Presidents - Jude Bricker, Scott Allard and Scott Sheldon will move to these positions. Concurrently we have promoted four Vice Presidents to Senior Vice Presidents - Greg Anderson, SVP and Principal Accounting Officer, Lukas Johnson, SVP Planning, Trent Porter, SVP Financial Planning and Rob Wilson, SVP Systems. These additional positions allow more pathways upward for our talented managers. One of the core strengths of our model is our management team. Over the years we have worked hard to develop our management talent internally and we are reaping the benefits of this strategy. These additional positions and promotions reflect this success.”
$150 million additional unsecured debt - Added $150 million to the existing senior, unsecured notes due in 2019
The following information was filed by Allegiant Travel Co (ALGT) on Tuesday, January 31, 2017 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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Ticker: ALGT CIK: 1362468 Form Type:10-K Annual Report Accession Number: 0001362468-17-000006 Submitted to the SEC: Fri Feb 24 2017 2:05:05 PM EST Accepted by the SEC: Fri Feb 24 2017 Period: Saturday, December 31, 2016 Industry: Air Transportation Scheduled