Allegiant Q4/FY 2018 Earnings
Page 1

Exhibit 99.1
 algtheaderq417a04.jpg
  
ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2018
FINANCIAL RESULTS
Fourth quarter 2018 Fully Diluted Earnings per Share of $2.56
Full year 2018 Fully Diluted Earnings per Share of $10.00
64th consecutive profitable quarter

LAS VEGAS. January 30, 2019 —
Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full year 2018, as well as comparisons to the prior year:

 
Three Months Ended 
 December 31,
 
 
Twelve Months Ended 
 December 31,
 
Unaudited
2018
2017
Change
 
2018
2017
Change
Total operating revenue (millions)
$
412.1

$
379.2

8.7
 %
 
$
1,667.4

$
1,511.2

10.3
 %
Operating income (millions)
63.1

26.8

135.7

 
243.5

230.6

5.6

Net income (millions)
41.4

83.4

(50.4
)
 
161.8

198.1

(18.3
)
Diluted earnings per share
$
2.56

$
5.18

(50.6
)
 
$
10.00

$
12.13

(17.6
)

"I’m happy to report we had our 64th consecutive profitable quarter," stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "The past 18 to 24 months have been challenging as we pushed through a successful onetime changeover to an all Airbus fleet. This was a major undertaking by our team. During this period we sustained a number of one-time transition costs but still maintained among industry leading operating margins on our airline activity of 15.3 percent despite a 27 percent increase in the cost per gallon of fuel in 2018.

"And these returns were accomplished despite the added challenges of our fleet transition years. I couldn’t be more pleased with where we find ourselves today as we look forward to 2019 and beyond. We are also pleased with our EPS-based reporting approach which we started in 2018. You will see our estimates for 2019 below.

"Finally, my hat is off to our team. They not only rose up to the logistical challenge of the fleet changeover during the past 18 months, but at the same time continued to elevate our operational performance and customer service standards across the board."



The following information was filed by Allegiant Travel Co (ALGT) on Wednesday, January 30, 2019 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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