Allegiant Q2 2017 Earnings
Page 1

Exhibit 99.1
 algtheaderq416a02.jpg
  
ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2017
FINANCIAL RESULTS
Second Quarter 2017 Fully Diluted Earnings per Share of $2.94

LAS VEGAS. July 26, 2017 —
Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2017, as well as comparisons to the prior year:

 
Three Months Ended 
 June 30,
 
 
Six Months Ended 
 June 30,
 
Unaudited
2017
2016
Change
 
2017
2016
Change
Total operating revenue (millions)

$400.6


$344.9

16.2
 %
 

$776.5


$693.5

12.0
 %
Operating income (millions)

$85.2


$104.5

(18.5
)%
 

$158.1


$225.6

(29.9
)%
Net income (millions)

$48.5


$60.8

(20.3
)%
 

$90.1


$132.8

(32.2
)%
Diluted earnings per share

$2.94


$3.68

(20.1
)%
 

$5.43


$7.97

(31.9
)%
Return on capital employed*
 
 
 
 
18.2
%
25.2
%
 
* - see appendix for calculation, represents twelve months ended June 30

“I am pleased to announce we had our 58th consecutive profitable quarter," stated Maurice J. Gallagher Jr., chairman and CEO of Allegiant Travel Company. "I am also pleased with our 21.3 percent operating margin during this transition time for the company. We are well into the wind down of our MD-80 fleet. We have taken delivery of our first four new 186 seat A320 aircraft from Airbus as of July 26th. We expect to place into service another ten Airbus aircraft including six more new A320s throughout the remainder of 2017. We also signed an agreement to acquire an additional 13 used A320s which we announced in June 2017. This was the last transaction needed to solidify the plan to retire all the MD-80s by the end of 2019. Thank you to all of our team members for another successful quarter."

Notable highlights

Airbus growth - In June, announced the lease arrangement of 13 used A320 aircraft to be delivered in 2017 and 2018. Will take the company to 92 committed Airbus either in service or for future delivery
Network growth - As of June 30, 2017 the company is operating 382 routes versus 342 at the same time last year
New routes - Announced 28 new routes expected to begin in the third and fourth quarters of 2017
Includes new cities of Milwaukee, Wisconsin; Norfolk, Virginia; and Gulfport, Mississippi
Shareholder returns - $92 million was returned through a combination of the recurring dividend paid in June 2017 and share repurchases during the quarter. The company:
Will pay a dividend of $0.70 per share on September 5, 2017 to shareholders of record as of August 18, 2017



The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, July 26, 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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