Allegiant Travel Company Announces Unaudited Consolidated Earnings Results and Operating Results for Fourth Quarter and Full Year Ended December 31, 2016; Provides Capex Guidance for the Full Year 2017
For the year to date, the company reported total operating revenue of USD 1,362,831,000, operating income of USD 370,558,000, income before income taxes of USD 345,958,000, net income attributable to the company of USD 219,590,000, diluted earnings per share of USD 13.21, compared to the total operating revenue of USD 1,262,188,000, operating income of USD 371,702,000, income before income taxes of USD 346,719,000, net income attributable to the company of USD 220,374,000, diluted earnings per share of USD 12.94, for the same period a year ago. Cash provided by operating activities was USD 346.9 million compared to USD 365.4 million a year ago. Purchase of property and equipment, including capitalized interest was USD 325.2 million compared to USD 252.7 million a year ago.
Full year 2017 CAPEX (excluding Airbus heavy maintenance) is expected to increase to USD 521 million versus the previous guidance of USD 415 million.