The parent company of Las Vegas-based Allegiant Air, a discount carrier that connects small cities to resort destinations, reported earnings today for the quarter ending March 31.
Company: Allegiant Travel Co. (NASDAQ:ALGT)
Revenue: $302.5 million (up 11 percent from the same period last year).
Earnings: $34.2 million in profit (up 7 percent from the same period last year).
Earnings per share: $1.86 (up 13 percent from the same period last year).
The carrier, with small base fares and lots of add-on fees, said it notched record highs last quarter in average fare ($99.52 per passenger), ancillary air-related charges ($41.79) and total fare ($146.51).
Allegiant flew 2 million passengers last quarter, up 11 percent from the same period last year.
It was its 45th consecutive profitable quarter.