TITLE

Lower fuel prices lift Allegiant Travel profits

AUTHOR(S)
Spillman, Benjamin
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/2/2009, Vol. 26 Issue 5, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article announces that Allegiant Travel Company from Las Vegas, Nevada, quadrupled their revenues during the fourth quarter of 2008. The earnings translate to a 21% rate of returns which the company attributed to savings incurred due to low fuel prices. The company, which flies small town patrons to vacation favorites such as Las Vegas, Arizona and Florida, earned big profits from the recession that caused oil prices to fall. The gains will be used to buy back $25 million worth of Allegiant common stocks.
ACCESSION #
40537949

 

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