First quarter 2018 Fully Diluted Earnings per Share of $3.42
LAS VEGAS. April 25, 2018 —Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2018, as well as comparisons to the prior year:
Three Months Ended March 31,
Total operating revenue (millions)
Operating income (millions)
Net income (millions)
Diluted earnings per share
"We are proud to announce our 61st consecutive profitable quarter," stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "We are in the final year of our fleet transition and are seeing impressive results. Our first quarter operating margin only declined approximately one percentage point in spite of a greater than 20 percent increase in the cost of fuel. The transition to an all-Airbus fleet has been and continues to be a substantial one-time effort. We look forward to its completion."
“In addition, we are seeing a very positive impact from the transition to our new revenue management system. The year-over- year scheduled service load factor in March rose for the first time since 2011 without a sacrifice in March yields. Last but absolutely not least, we have continued to see a material improvement in our operations. According to the latest DOT statistics, in January our cancellation rate was the second lowest in the industry, which demonstrates our operational integrity and commitment to safety and reliability. This is directly correlated with the hard work of team members and the strong safety culture embedded throughout our system."
The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, April 25, 2018 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
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Allegiant Travel Co.
Ticker: ALGT CIK: 1362468 Form Type:10-Q Quarterly Report Accession Number: 0001362468-18-000016 Submitted to the SEC: Tue May 08 2018 4:41:53 PM EST Accepted by the SEC: Tue May 08 2018 Period: Saturday, March 31, 2018 Industry: Air Transportation Scheduled