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Allegiant Q1 Results - 21.4% Op Margin, $1.12 EPS  
User currently onlineFATFlyer From United States of America, joined May 2001, 5848 posts, RR: 28
Posted (4 years 8 months 1 week 5 days 14 hours ago) and read 2839 times:

Allegiant announced its 29th consecutive profitable quarter.

Q1 results were net income of $22.6 million on operating revenue of $169.6 million. Operating margin was 21.4%. Earnings per share of $1.12.

Results were down from Q1 2009, the company attributes that to a 48% increase in fuel prices.

A few comments from the press release (conference call is Tuesday morning):
** Average fare was up nearly $8 from Q1 2009
** 8th consecutive quarter of load factors over 90%
** All employees received Q1 profit sharing checks, the third year they have been issued.
** Goal for Hawaii is certification by year end with flights starting in early 2011.
** Debt is now down to $39.4 million
http://www.allegiantair.com/aaNews/aaNews20100419a.pdf


"Travel is fatal to prejudice, bigotry, and narrow-mindedness." - Mark Twain
6 replies: All unread, jump to last
 
User currently offline93Sierra From United States of America, joined Apr 2010, 420 posts, RR: 0
Reply 1, posted (4 years 8 months 1 week 5 days 13 hours ago) and read 2755 times:

Quoting FATFlyer (Thread starter):
Goal for Hawaii is certification by year end with flights starting in early 2011

Does that mean the 757's will be flying domestic routes while they earn their Etops Cert? I thought they were going to have them (2) flying in the 4th quarter ( if i remember from earlier threads)

Anyways congrats G4! Not as large of a profit as some would have liked but still a profit!


User currently offlinesurfandsnow From United States of America, joined Jan 2009, 2908 posts, RR: 31
Reply 2, posted (4 years 8 months 1 week 5 days 13 hours ago) and read 2705 times:

Quoting FATFlyer (Thread starter):
** Goal for Hawaii is certification by year end with flights starting in early 2011.

I am extremely excited to find out which routes Allegiant will serve. The possibilities are endless - they could fly from their really small cities to the main islands (i.e. BLI-OGG, PSC-HNL) or serve the smaller Hawaiian markets from bigger cities (LGB-KOA, SAN-LIH, OAK-ITO, etc.).

I think Allegiant is the perfect airline to pick up routes like BUR-OGG, ONT-HNL, SNA-KOA, and OAK-ITO that ATA and Aloha popularized. I also think connecting wealthy smaller markets like MRY and SBA to the islands would be a great idea. Surely those big powerful 757s will have no problem getting off the short runways at BUR, SNA, SBA, etc. will they?



Flying in the middle seat of coach is much better than not flying at all!
User currently onlineFATFlyer From United States of America, joined May 2001, 5848 posts, RR: 28
Reply 3, posted (4 years 8 months 1 week 5 days 3 hours ago) and read 2456 times:

Quoting 93Sierra (Reply 1):
Does that mean the 757's will be flying domestic routes while they earn their Etops Cert? I thought they were going to have them (2) flying in the 4th quarter ( if i remember from earlier threads)

The 2011 comment is a brain misfire on my part. I was thinking about possible start dates when I typed.

Their actual wording in the release was "We are targeting operational authority by the end of 2010 and we expect to begin service shortly thereafter,” concluded Gallagher."

So technically if they got certified by say late October they might start the islands in Q4. But that just seems like a quick certification to me.

I read the statement to mean receiving ETOPS certification later in the year (sometime in Q4), which my brain translated to an early 2011 start. They might make it in time for Christmas/New Years season this year but personally I will be pleasantly surprised.

Quoting surfandsnow (Reply 2):
I am extremely excited to find out which routes Allegiant will serve.

They were in the islands a few weeks ago talking to the hotel and travel companies. Allegiant expects to make a lot of money from Hawaii packages, more so per passenger than probably any other destination.

The comments by Allegiant officials I have seen and heard so far seem to be about Hawaii from smaller cities. So likely that is HNL to a group that includes BLI, FAT, EUG, SCK, etc for the short list for the first round of announcements.

The advertising costs in markets like BUR, OAK, SNA, etc. would be higher than they usually pay. (people using them outbound from places like LAX usually hear via word of mouth from family and friends in the smaller cities) In the smaller markets they can advertise cheap or get lots of free media coverage.

There are those LGB slots sitting out there though and other than Hawaii I am hard pressed to think of markets they might operate out of there that make sense.

So we will see what they choose.



"Travel is fatal to prejudice, bigotry, and narrow-mindedness." - Mark Twain
User currently onlineFATFlyer From United States of America, joined May 2001, 5848 posts, RR: 28
Reply 4, posted (4 years 8 months 1 week 4 days 20 hours ago) and read 2138 times:

A few conference call comments from Allegiant this morning (these are on the fly notes so excuse the wording and any errors):

** June bookings look very good
** Non-Vegas hotel bookings increased 100% year-over-year
** No current plan to move all flights from SFB to MCO
** Fleet to 60 next year
** 1 MD87 removed from fleet this month

** Begin Hawaii sometime next year in first half of 2011 (2 of the 757s may enter service before end of this year if type added to certificate early but if they do enter service this year it would not be to Hawaii)
** Currently working on 757 manuals. Expect to get OK from FAA on manuals for 757s late Q3/early Q4 followed by employee training and proving runs
** Looking at 757s being over 200 seats, but may have different sections with different seat pitch (no decision yet)
** No IFE planned currently for 757s but are still discussing entertainment options
** Still working on hotel agreements for Hawaii packages
** Tremendous interest from hotel industry in Hawaii
** No intention to have an inter-island codeshare
** Might sell inter-island tickets as an ancillary product but not as a codeshare
** Current plan is 757s to only serve Hawaii, but are leaving future use open
** Expect Hawaii market to develop in as little 90 days once starts. Do not expect long period for routes to mature.



"Travel is fatal to prejudice, bigotry, and narrow-mindedness." - Mark Twain
User currently offlinewedgetail737 From United States of America, joined Aug 2003, 5951 posts, RR: 6
Reply 5, posted (4 years 8 months 1 week 4 days 13 hours ago) and read 1979 times:
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Quoting FATFlyer (Reply 3):
There are those LGB slots sitting out there though and other than Hawaii I am hard pressed to think of markets they might operate out of there that make sense.

Doesn't G4 have a deadline in which to act upon their slot allocation at LGB or they go back to the auction block?

Quoting surfandsnow (Reply 2):
I think Allegiant is the perfect airline to pick up routes like BUR-OGG, ONT-HNL, SNA-KOA, and OAK-ITO that ATA and Aloha popularized. I also think connecting wealthy smaller markets like MRY and SBA to the islands would be a great idea. Surely

Don't forget that some of these airports may not have long-enough runways to handle Hawaii flights despite the superb performance of the 757-200's.


User currently onlineFATFlyer From United States of America, joined May 2001, 5848 posts, RR: 28
Reply 6, posted (4 years 8 months 1 week 4 days 4 hours ago) and read 1875 times:

Quoting wedgetail737 (Reply 5):

Doesn't G4 have a deadline in which to act upon their slot allocation at LGB or they go back to the auction block?

Yes there is a deadline but they could go the placeholder flight way and operate something at LGB just to hold the slots temporarily.

I don't know what they will do but they should be announcing something to start operating out of LGB in the next 2 months.



"Travel is fatal to prejudice, bigotry, and narrow-mindedness." - Mark Twain
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