Allegiant Travel reports 7 percent rise in quarterly earnings

David Becker / AP

In this Thursday, May 9, 2013, photo, an Allegiant Air jetliner flies over the the the New York-New York Hotel & Casino after taking off from McCarran International Airport in Las Vegas.

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.

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