Allegiant Travel Company Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2012; Provides Financial Guidance for the First Quarter and Full Year of 2013
Return on equity, as a measurement, was 21%, up 15% from 2011. For the full year, total operating revenue was $908,719,000, operating income was $132,304,000, income before income taxes was $124,647,000 and net income attributable to allegiant travel company was $78,597,000 or $4.06 per diluted share against total operating revenue of $779,117,000, operating income of $85,444,000, income before income taxes of $79,514,000 and net income attributable to allegiant travel company of $49,398,000 or $2.57 per diluted share for the same period a year ago. EBITDA was $190,089,000 against $127,428,000 a year ago. Capital expenditures were $105.1 million against $86.6 million a year ago.
For the quarter, passengers were 1,666,501, revenue passenger miles (RPMs) was 1,578,841,000, available seat miles (ASMs) were 1,879,791,000 and load factor was 84.0% against passengers of 1,496,923, revenue passenger miles (RPMs) of 1,363,855,000, available seat miles (ASMs) were 1,575,899,000 and load factor of 86.5% for the same period a year ago.
For the full year, passengers were 6,987,324, revenue passenger miles (RPMs) was 6,514,056,000, available seat miles (ASMs) were 7,487,276,000 and load factor was 87.0% against passengers of 6,175,808, revenue passenger miles (RPMs) of 5,640,577,000, available seat miles (ASMs) were 6,364,243,000 and load factor of 88.6% for the same period a year ago.
Looking forward to the first quarter, the company expects to see an additional $1.1 million in accelerated depreciation related to these planned retirements.
Looking forward to 2013, the company is projecting total CapEx of $150 million to $160 million, primarily driven by the purchase of 7 A320 aircraft.