Allegiant out with year-end results

Allegiant Travel Company has reported a 34.8% increase in total operating revenue to $2.3bn for the 12 months to end December 2022, compared to the prior year period, and a 25% rise over 2019 figures. Capacity increased by almost 14% during the year. Income before tax was $74 million with net income dipping slightly over last year to $2.5 million. Operating costs, excluding fuel, rose 11.1% over 2019 levels to 7.20 cents. Allegiant’s revenue per passenger per seat, TRASM, hit a record high for the fourth quarter at 14.03 cents, on scheduled service growth of 11.9%. CEO John Redmond confirmed