Allegiant Travel shares rise as 4Q profit tops expectations

Tags :North America, Allegiant Air


(XFN Asia) Allegiant Travel shares rose 17% to USD31.22 after the company reported a fourth-quarter profit that topped the consensus Wall Street forecast and announced a USD25 million share buyback programme.

 

The Las Vegas-based airline operator and travel services provider reported a 4Q07 net profit of USD4.77 million, with revenue rising 60% to USD101 million. 

For 1Q08, Allegiant expects departure growth of at least 42% and capacity (ASMs) growth of at least 35%. For 2008, the company forecast departure growth of at least 35% and capacity growth of at least 30%. By the end of 2008, Allegiant Air expects to operate at least 40 MD-80 aircraft. The company also forecast 2008 capital expenditures of USD45 million.

Date posted: 01-Feb-08 

Other Allegiant Air News

• Allegiant announces nonstop service Between Lexington and the Fort Myers/Southwest Florida Coast
• Allegiant announces nonstop, low-cost travel service between Elmira and Fort Lauderdale
• Allegiant and Peppermill enter agreement for charter air service operations
• Allegiant announces nonstop, low-cost travel service between Idaho Falls and Phoenix-Mesa
• Allegiant announces nonstop, low-cost travel service between Greensboro and the Fort Myers/Southwest
• Allegiant Announces Nonstop, Low-cost Jet Service Between Northwest Arkansas and Phoenix-Mesa
• Allegiant announces nonstop, low-cost travel service between Moline/Quad Cities and Phoenix-Mesa
• Allegiant announces nonstop, low-cost jet service Bbetween Savannah and Fort Lauderdale
• Allegiant Air celebrates two years of service from Appleton
• Allegiant announces new, nonstop air service between Fort Collins-Loveland and Phoenix-Mesa

Show All Allegiant Air News...