Allegiant Travel Company has posted increased revenue of $452 million for the first quarter of 2019, up 6.2% from $425 million posted in the corresponding period last year.
Meanwhile, net income for the group increased by 3.5% to $57 million, compared to $55 million experienced in the same quarter in 2018.
The company is now using an all-Airbus jet fleet, which it has attributed to fuel costs down coming 6%. The group also reported there was no maintenance cancellations in the quarter and a 5% increase in the number of departures despite having 11 fewer aircraft in 2019 than last year.
"This quarter demonstrated the earnings potential of our all-Airbus fleet. Our airline’s operating income rose more than $16 million and we had a 22% margin,” said Allegiant CEO Maury Gallagher. "Our operational performance was exceptional, with a controllable completion rate of 100% for the quarter. Our on-time performance for March - one of the busiest months of the year - was 85%. These results were due to the exceptional work of our team.