Allegiant Q1 2017 Earnings
Page 1

Exhibit 99.1
 algtheaderq416a01.jpg
  
ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2017
FINANCIAL RESULTS
First Quarter 2017 Fully Diluted Earnings per Share of $2.50

LAS VEGAS. April 25, 2017 —
Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2017, as well as comparisons to the prior year:

 
Three Months Ended 
 March 31,
 
Unaudited
2017
2016
Change
Total operating revenue (millions)

$375.8


$348.6

7.8
 %
Operating income (millions)

$72.9


$121.1

(39.8
)%
Net income (millions)

$41.6


$72.0

(42.2
)%
Diluted earnings per share

$2.50


$4.29

(41.7
)%
Return on capital employed*
19.6
%
25.3
%
 
* - see appendix for calculation

“We had another profitable quarter - our 57th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "Our transition to an all-Airbus fleet is underway and, so far, on schedule. One-time expenses associated with this transition will be lumpy, most of which will occur from now through the summer of 2018. By the end of this year we expect to have 60 percent of the transition complete, or a fleet of 51 Airbus aircraft. We should be finished with this effort and out of the MD-80 by the end of 2019.

"The first quarter is always a busy time for our team. Thank you to our team members whose hard work and dedication produced these excellent results."

Notable highlights

New Chief Marketing Officer - Announced Ponder Harrison as new executive vice president & chief marketing officer
Network growth - As of March 31, 2017 the company is operating 358 routes versus 298 at the same time last year
New routes - Announced 23 new routes expected to begin in the second quarter of 2017
Includes new city of Louisville, Kentucky
Expansion of Destin/Ft. Walton Beach, Florida into a seasonal base
MD-80 bases - Expect to only have MD-80s in Sanford/Orlando, Florida and Las Vegas, Nevada by the end of 2017



The following information was filed by Allegiant Travel Co (ALGT) on Tuesday, April 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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