2013-01-30 22:04:37 -
ALLEGIANT CELEBRATES 40 MILLION PASSENGERS
AND 40 CONSECUTIVE PROFITABLE QUARTERS
Unique business model allows Allegiant to make more vacations possible
LAS VEGAS. January 30, 2013 - Allegiant (NASDAQ: ALGT) today reported its 40th
consecutive profitable quarter, continuing ten years of success and growth in
the volatile U.S. airline industry. The Company's unique approach has allowed it
to thrive, while making travel affordable for nearly 40 million passengers.
"We are so fortunate to have a great team of people - from management to
frontline employees - who have worked very hard to get us here," said Andrew
Levy, Allegiant Travel Company President.
Allegiant differs in
many ways from other U.S. airlines. The Company is laser
focused on nonstop leisure travel, providing customers with low base fares and
great value. Allegiant has remained flexible, aggressively managing schedules,
capacity and fares to meet demand in individual markets. This flexibility is one
of the many ways Allegiant is able to keep costs low, ensuring continued value
for its customer. Allegiant has also been on the forefront of unbundling the air
product, offering an a la carte menu of services that allows passengers to
customize their itinerary to fit their needs and their budget.
In the coming months, Allegiant will carry its 40 millionth passenger, and
continues to be a growing, thriving airline focused on making more vacations
possible for more people. In 2012, among the top U.S. commercial carriers,
Allegiant had the highest load factor, second in year-over-year capacity growth
and third in year-over-year traffic growth. It has done all of this while
keeping the average base fare below $90. With competitors limiting service due
to cutbacks and mergers, Allegiant is aggressively managing their fleet and
schedule to ensure that communities have access to convenient, affordable travel
"This is a challenging industry, and we are proud to offer stability and success
to our communities, our employees and our shareholders," said Levy. "We look
forward to the coming years, and the next 40 million passengers, as we grow our
fleet and our network, and continue our aggressive focus on expanding our other
product offerings - hotels, cars and attractions."
"Allegiant has created a unique model - high value, low-cost leisure travel,
delivered with efficiency. Because of Allegiant, airports across the nation not
only have traffic that would not be there otherwise, but consumers have new
options for their leisure dollar," stated Michael Boyd, chairman of Boyd Group
International, a respected aviation consulting firm.
Allegiant's innovative business model has allowed it to grow from one plane and
one route just over a decade ago, to offering access to low-cost, nonstop travel
to 14 vacation destinations in over 70 communities nationwide. Allegiant also
offers discounts on vacation packages, including hotels, rental cars and
attraction tickets, through its website, allegiant.com.
Allegiant has scheduled its fourth quarter and full year 2012 financial results
conference call for Wednesday, January 30th at 4:30 p.m. (Eastern). A live
broadcast of the conference call will be available through the company's
Investor Relations website homepage at ir.allegiantair.com
. The webcast
will also be archived on the "Events & Presentations" section of the site.
For interview requests, please contact Jessica Wheeler
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Source: Allegiant Travel Company via Thomson Reuters ONE