Allegiant Travel (ALGT) Misses Q1 EPS by 17c

Allegiant Travel (NASDAQ: ALGT) reported Q1 EPS of $2.50, $0.17 worse than the analyst estimate of $2.67. Revenue for the quarter came in at $375.8 million versus the consensus estimate of $374.95 million.

"We had another profitable quarter - our 57th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "Our transition to an all-Airbus fleet is underway and, so far, on schedule. One-time expenses associated with this transition will be lumpy, most of which will occur from now through the summer of 2018. By the end of this year we expect to have 60 percent of the transition complete, or a fleet of 51 Airbus aircraft. We should be finished with this effort and out of the MD-80 by the end of 2019.

For earnings history and earnings-related data on Allegiant Travel (ALGT) click here.

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