Allegiant Travel Company First Quarter 2021 Financial Results The Allegiant Travel Company has released details of its First quarter 2021 results, showing revenue was down over 31 per cent year on year. "The momentum reported last quarter picked up in earnest towards the back half of the first quarter with booking trends showing meaningful improvement," stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "We completed the quarter with earnings per share of $0.42 on year over two-year revenue declines of 38.2 percent, continuing the trend of sequential revenue improvement. We were the first domestic carrier to restore capacity to pre-pandemic levels, with first quarter scheduled capacity up 3.1 percent as compared to 2019. Booking trends have been particularly impressive with average daily bookings for the months of March and April exceeding the same time period in 2019. Furthermore, the booking curve appears to be normalizing and more closely resembling what we saw in 2019. April's results came in as strong as March helped by a ten-point increase in load factor from 54 to 64 percent. We expect capacity in the coming months will be equal to or greater than our 2019 levels. This story continues here This news story first appeared in full in http://air101.co.uk come and visit some time soon.....
source http://www.air101.co.uk/2021/05/allegiant-travel-company-first-quarter.html
No comments:
Post a Comment