Allegiant has a profitable 4Q and 2011

Allegiant Air (Allegiant Travel Company) (Las Vegas) reported a $10.8 million net profit in the fourth, down 12.7 percent from the previous $12.4 net profit in the same quarter a year ago. This is their 36th consecutive profitable quarter.

For the full year, the travel company reported a $49.4 net profit in 2011, down 24.8 percent from $65.7 in 2010.

The airline announced eight new routes during the past 30 days and a new base in Oakland. Allegiant will soon be in 76 cities, including 11 leisure destinations, with 178 routes. Allegiant currently has 53 aircraft in revenue service including one Boeing 757-200. Allegiant is expecting to have at least 16 additional 166-seat MD-80 aircraft in service by the end of first quarter 2012. Allegiant is on track with the new forecast for ETOPS certification later this year, which will allow Allegiant to begin low-fare Hawaii service.

Copyright Photo: Stephen Tornblom.

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