Tag Archives: N273NV

Allegiant announces six new routes for the summer including Phoenix

Ex EI-DSD, delivered on January 11, 2018

Allegiant Air today announced six new nonstop routes for summer and fall vacation travel to premier destinations in Florida and the west. The new offerings include two routes to Phoenix Sky Harbor International Airport (PHX), which Allegiant will serve for the first time in its history. 

The new routes to Phoenix Sky Harbor International Airport (PHX) include:

  1. Provo, Utah via Provo Airport (PVU) – beginning Oct. 8, 2021
  2. Stockton, Calif. via Stockton Metropolitan Airport (SCK) – beginning Oct. 15, 2021

The new route to Phoenix-Mesa Gateway Airport (AZA):

  1. Pittsburgh, Penn. via Pittsburgh International Airport (PIT) – beginning Aug. 19, 2021

The new routes to St. Petersburg-Clearwater International Airport (PIE) include:

  1. Bentonville, Ark. via Northwest Arkansas National Airport (XNA) – beginning July 2, 2021
  2. Provo, Utah via Provo Airport (PVU) – beginning Oct. 7, 2021

The new route to Fort Lauderdale-Hollywood International Airport (FLL):

  1. Bentonville, Ark. via Northwest Arkansas National Airport (XNA) – beginning Oct. 8, 2021

Top Copyright Photo: Allegiant Air Airbus A320-216 N273NV (msn 3076) LAX (Michael B. Ing). Image: 945314.

Allegiant Air aircraft slide show:

Terminal move sets the stage for Allegiant’s LAX expansion on May 19

Ex EI-DSD, delivered on January 11, 2018

Allegiant Travel Company (Allegiant Air) is setting the stage for its next phase of growth at Los Angeles International Airport (LAX). The Las Vegas-based airline, which has served LAX since 2009, will relocate its operations to Terminal 1 and the new, state-of-the-art West Gates at Tom Bradley. Allegiant will begin service from its new LAX location on Wednesday, May 19.

The move affords the leisure travel-focused carrier opportunity to offer even more of the affordable, nonstop flights which are its hallmark. Anticipating the busy summer travel season, Allegiant will increase its capacity in Southern California by locating a fourth Airbus A320 aircraft at LAX. Los Angeles has been a full-time base for Allegiant aircraft and crew since 2016. 

Allegiant’s all-nonstop network is unique among U.S.-based airlines, focused on bringing leisure travelers from small-to-medium sized cities to premier vacation destinations with convenient local access and affordable fares. Allegiant customers reach the people and places that matter most without the extra time and hassle of stops, connections and layovers.

Photo: LAX.

Allegiant currently serves 33 cities in 21 states from LAX, including new service to Indianapolis, Ind. beginning May 28; to Omaha, Neb. and Rapid City, S.D. beginning June 4; and to Shreveport, La. Beginning July 2.  More than half the cities Allegiant serves from LAX are unique to the airline. Since starting service in 2009, Allegiant has flown more than 4.2 million passengers through LAX.

Top Copyright Photo: Allegiant Air Airbus A320-216 N273NV (msn 3076) LAX (Michael B. Ing). Image: 945314.

Allegiant Air aircraft slide show:

Allegiant announces its financial results, will add 17 additional Airbus aircraft

Ex EI-DSD, delivered on January 11, 2018

Allegiant Travel Company (Allegiant Air) has reported the following financial results for the fourth quarter and full year 2018, as well as comparisons to the prior year:

Three Months Ended
December 31,
Twelve Months Ended
December 31,
Unaudited 2018 2017 Change 2018 2017 Change
Total operating revenue (millions) $ 412.1 $ 379.2 8.7 % $ 1,667.4 $ 1,511.2 10.3 %
Operating income (millions) 63.1 26.8 135.7 243.5 230.6 5.6
Net income (millions) 41.4 83.4 (50.4 ) 161.8 198.1 (18.3 )
Diluted earnings per share $ 2.56 $ 5.18 (50.6 ) $ 10.00 $ 12.13 (17.6 )

“I’m happy to report we had our 64th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. “The past 18 to 24 months have been challenging as we pushed through a successful onetime changeover to an all Airbus fleet. This was a major undertaking by our team. During this period we sustained a number of one-time transition costs but still maintained among industry leading operating margins on our airline activity of 15.3 percent despite a 27 percent increase in the cost per gallon of fuel in 2018.

“And these returns were accomplished despite the added challenges of our fleet transition years. I couldn’t be more pleased with where we find ourselves today as we look forward to 2019 and beyond. We are also pleased with our EPS-based reporting approach which we started in 2018. You will see our estimates for 2019 below.

“Finally, my hat is off to our team. They not only rose up to the logistical challenge of the fleet changeover during the past 18 months, but at the same time continued to elevate our operational performance and customer service standards across the board.”

Highlights

  • Currently 431 routes
       o Nearly 75 percent no competition – 90 percent of new 2018 routes no competition
    o Have identified an additional 600 routes for possible growth
  • 2019 expect higher EBITDA
    o Revenue improvement from higher number of incremental seats
    o Greater efficiencies in labor and fuel consumption
    o Higher aircraft reliability will enable more flights during peak days
    o Higher number of charter opportunities versus the MD-80
  • 2018 improvement in operations
    o Controllable completion – 99.7 percent, among best in industry
    o Improved operations – over $10 million in cost savings
    o On time arrival 77 percent, up nearly four percentage points over 2017
  • Co-brand credit card
    o Active accounts increased by approximately 60 percent versus 2017
    o Signed marketing agreement with Minor League Baseball participating clubs
  • 2019 high yield bond refinancing
    o $450 million term loan
    o Five year duration
    o Expected to close in early February

Shareholder returns

  • 2018 shareholder returns
    o Returned $45 million in dividends in 2018
    o Will pay dividends of $0.70 per share on March 14, 2019 to shareholders of record as of March 1, 2019
    o $100 million in share repurchase authority

2019 outlook

  • Aircraft
    o Expect to add seventeen Airbus aircraft by the end of the year
    o Have now terminated forward capital leases for eight aircraft due to extensive delivery delays
  • Scheduled and system ASM growth
    o First quarter expected to grow between four and six percent vs last year
    o Expect first quarter ASM growth to be the lowest of the year
    o Expect second quarter ASM growth to be the highest of the year due to later Easter
  • Sunseeker Resort financing
    o Expect $175 million of the estimated $420 millionSunseeker Resort construction cost
    o Provided by a well-known institutional asset manager
    o 2/3 of the loan is expected to be non-recourse to Allegiant Travel Company
    o Expect financing to close by the end of the first quarter 2019
Aircraft fleet plan by end of period
Aircraft – (seats per AC) YE18 1Q19 2Q19 3Q19 YE19
A319 (156 seats) 32 37 37 38 38
A320 (177/186 seats) 44 46 51 53 55
Total 76 83 88 91 93

Aircraft listed in table above include only in-service aircraft and future aircraft under contract (subject to change)

Previously the company announced 16 new routes and plans to establish a two-aircraft base at Gerald R. Ford International Airport in Grand Rapids, Michigan.  The company also announced service to two new cities – Nashville, Tennessee and Savannah, Georgia.

Above Copyright Photo (all others by the airline): Allegiant Air Airbus A320-216 N273NV (msn 3076) LAX (Michael B. Ing). Image: 945314.

Allegiant aircraft slide show:

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