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Allegiant Travel Company Reports Fourth Quarter

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Allegiant Travel Company Reports Fourth Quarter

Old 01-26-2009, 05:13 PM
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Default Allegiant Reports Fourth Quarter Profit 28.7M 23.4% margin

Sorry for the format...

FOURTH QUARTER EPS INCREASE 283%, OPERATING MARGIN EXCEEDS 23%

2008 LF 89.7%


-----------------4Q08-- 4Q07-- Change --2008 --2007-- Change

Total operating revenue (millions)
-----------------$122.4-- $101.0 --21.3 %--- $504.0--- $360.6-- 39.8 %
Operating income (millions)
------------------$28.7-- $6.1----- 373.6% ---$55.8---- $44.1-- 26.8 %
Operating margin
________ 23.4%--6.0%---17.4pp--11.1%--12.2%-- -1.1pp

Net income (millions)
________ $18.2-- $4.8-- 281.5 %-- $35.4-- $31.5-- 12.4 %

Diluted earnings per share
_________$0.88--$0.23--282.6 %--$1.73--$1.53-- 13.1 %

Link below for those that want to read the entire thing
Allegiant Travel Company - Allegiant Travel Company Reports Fourth Quarter and Full Year 2008 Financial Results, Announces $25 Million Share Repurchase Program

Last edited by pipercub; 01-26-2009 at 05:37 PM.
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Old 01-26-2009, 06:59 PM
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Very impressive...I've been following their stock trading at almost 40 times earnings and could not figure it out. Maybe all the Airline Mgnt that cry about "high fuel prices" should ask themselves how one of the last gas guzzling airplanes (passenger) can make it work in this market
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Old 01-26-2009, 08:01 PM
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Originally Posted by 2Co2Fur1EXwife View Post
Maybe all the Airline Mgnt that cry about "high fuel prices" should ask themselves how one of the last gas guzzling airplanes (passenger) can make it work in this market
Allegiant is an interesting case. They use cheap (capital cost) airplanes so they can afford to park the airplane a couple days a week when demand is weak. When they fly, they fly nearly full. When they can't fill the airplane, they don't fly. Slow season? Cut flights for a month or two until the demand picks up.

Other airlines have very high fixed costs on their newer airplanes so they have to keep them moving even when they can't fill them. They lose money but they lose less by flying them with lighter loads, and/or lower fares to fill the seats, than they would if they parked them.
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Old 01-26-2009, 08:34 PM
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Ok. makes sense. I always wondered about those airplanes I saw parked in FLL under the impression that airplanes on the ground = no $$.
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Old 01-26-2009, 08:39 PM
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nice job guys...more power to you!!!!!!
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Old 01-27-2009, 08:15 AM
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I'm glad to hear that somebody is doing well!
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Old 01-27-2009, 10:11 AM
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That's just amazing.

What you hauling in those MD80's?
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