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 options.
"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 http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.