Allegiant Travel Company operating profit up 12% in 1Q2016

Allegiant Travel Company revenue up 6% - financial highlights for three months ended 31-Mar-2016:

• Total operating revenue: USD348.6 million, +5.9% year-on-year;
• • Total ancillary: USD132.2 million, +14.1%;
• Total operating costs: USD227.5 million, +2.9%;
• • Labour: USD69.2 million, +18.2%;
  • Fuel: USD53.7 million, -22.9%;
• Operating profit: USD121.1 million, +12.1%;
• Net profit: USD72.0 million, +11.0%;
• Passenger numbers: 2.6 million, +14.9%;
• Passenger load factor: 84.0%, -2.8 ppts;
• Operating cost per ASM: USD 7.58 cents, -13.5%;
• Cost per ASM excl fuel: USD 5.79 cents, -3.5%;
• Average stage length: 935 miles, +0.6%. [more - original PR]

Allegiant Travel Company: "I am pleased to announce our Board of Directors increased our quarterly dividend to USD.70 per share from our current USD.30. This increased regular payout each quarter reinforces our company's quality financial performance and our belief in our future. This regularly scheduled dividend will replace our special dividends we have historically paid at the end of each year. Lastly I am bullish about our reaching a first contract agreement with our pilots and flight attendants later this year. While there can be no guarantees, both we and our crews are motivated to conclude these talks," Maurice Gallagher, Chairman and CEO. Source: Company statement, 27-Apr-2016.