Third Quarter 2017 Fully Diluted Earnings per Share of $1.39
Accelerate the Retirement of the MD-80 Fleet to Fourth Quarter 2018
LAS VEGAS. October 25, 2017 —Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2017, as well as comparisons to the prior year:
Three Months Ended September 30,
Nine Months Ended September 30,
Total operating revenue (millions)
Operating income (millions)
Net income (millions)
Diluted earnings per share
Return on capital employed*
* - see appendix for calculation, represents twelve months ended September 30
“Our hearts go out to all of those involved in the tragic mass shooting in our home community," stated Maurice J. Gallagher Jr., chairman and CEO of Allegiant Travel Company. "While we mourn the victims we praise the heroes who always emerge from these tragedies, including a number of our Las Vegas maintenance personnel who provided shelter for more than 30 concert goers fleeing the melee of the shooting scene."
"Our team members produced another profitable quarter, the 59th consecutive. Typically, summer months have challenged our operations as we peak up. However, this July and August we saw meaningful improvements on just about every operational metric we track. Hurricane Irma created a unique set of challenges. We canceled 444 flights but quickly got back to work, providing our team members and customers with needed transportation to their abandoned homes in Florida. As usual, our team members rose to the challenge and did a great job responding to Mother Nature’s calamity."
"Lastly our board of directors approved a more aggressive retirement plan for our MD-80s. We now plan on retiring our last MD by the end of 2018. This is one year sooner than was previously expected. A hearty 'thank you' goes out to the members of our fleet team, who through hard work were able to source enough used A320 aircraft to make this happen. This is the end of an era for our company. The ‘80’ has been critical to our success and growth for the past 15 years - it will be missed."
The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, October 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.
View differences made from one quarter to another to evaluate Allegiant Travel Co's financial trajectory
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Ticker: ALGT CIK: 1362468 Form Type:10-Q Quarterly Report Accession Number: 0001362468-17-000053 Submitted to the SEC: Mon Oct 30 2017 5:28:32 PM EST Accepted by the SEC: Mon Oct 30 2017 Period: Saturday, September 30, 2017 Industry: Air Transportation Scheduled