Allegiant Air reports a $29.2 operating profit in the third quarter, a 1.7% increased compared to a year earlier.
Operating revenue rose 5.5% to $228.9 million and operating expenses were up 6.1% to $199.6 million.
Net profit was up 0.7% to $17 million.
“We are pleased to produce another profitable quarter and be able to return cash to shareholders through our share repurchase programme,” says Maurice Gallagher, chairman and chief executive of Las Vegas-based Allegiant, in a statement.
Operating revenue per available seat mile (RASM) increased 2.3% to 12.13 cents while operating costs per available seat mile (CASM) rose 2.8% to 10.58 cents in the quarter.
Allegiant paid an average of $3.17 per gallon for fuel during the period.
Traffic rose 5.4% on a 3.2% increase in capacity, resulting in a 1.9 percentage point improvement in load factor to 89.3%.
Allegiant closed its purchase of five Airbus A320s and removed three Boeing MD-80s during the three months ending in September.