Lower fuel prices lift Allegiant Travel profits

Spillman, Benjamin
February 2009
Las Vegas Business Press (10712186);2/2/2009, Vol. 26 Issue 5, pP15
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.


Related Articles

  • War or not, oil pressure rising. Jobman, Darrell // Futures: News, Analysis & Strategies for Futures, Options & Deri;Feb2003, Vol. 32 Issue 3, p28 

    Discusses the factors contributing to the continuing rise of oil prices in the U.S. Impact of the war efforts against Iraq on oil prices; Effects of weather on the reduction of demand for energy; Occurrence of economic recession. INSET: TECH TALK: Crude oil, past and present.

  • Fiscal Warning Signs.  // Latin America Monitor: Mexico Monitor;Apr2009, Vol. 26 Issue 4, p1 

    The article focuses on the nominal fiscal deficit forecast of 295.1 billion Mexican pesos in 2009 which is said to have raised a warning sign regarding the medium-term outlook for the country's fiscal health. A nominal fiscal deficit of 9.6 billion Mexican pesos, or 0.1% of gross domestic...

  • Will the Luck Hold? Flint, Perry // Air Transport World;Jan2008, Vol. 45 Issue 1, p24 

    The article assesses the factors that affect the decline of revenue of the global airline industry. International Air Transport Association (IATA) chief economist Brian Pearce believes that increase of oil prices and collapse of the U.S. subprime mortgage market result to the decline of revenue...

  • Buying Stability.  // Global Finance;Jul/Aug2012, p68 

    Several charts and graphs are presented related to financial management including the oil prices which should be maintained for oil revenues, further asset expropriation, and usage of excess cash of companies.

  • Allegiant shows how to profit.  // Las Vegas Business Press (10712186);5/18/2009, Vol. 26 Issue 20, pP26 

    The article looks at the business model of Allegiant Travel Co. It says that during the company's quarterly earnings report on April 20, 2009, it posted a total operating revenue of $142.1 million. According to the article, the company doesn't compete with the legacy carriers including American,...

  • Those Evil Oil Companies Are Profiteering Again. Morgan, Tom // Business Journal (Central New York);07/21/2000, Vol. 14 Issue 29, p35 

    Traces the causes of higher oil prices. Futility of politicians' criticisms against oil companies for raising prices; Factors bringing down supply and raising demand; Fluctuation of oil companies' return on shareholder investment.

  • Stock Market Follows Oil Higher; Intel Rises; WebMD, GoPro Crumble. KEN SHREVE // Investors Business Daily;1/14/2016, p00 

    The article reports on the high yield of stocks for oil products in the U.S. in 2016.

  • Stock Indexes Rumble Higher; Exxon Leads Dow Jones. PAUL WHITFIELD // Investors Business Daily;1/14/2016, p00 

    The article reports on the increase of stocks on the rebounding oil prices in the U.S. during the January 14, 2015 trading.

  • Iraq: Global 2028 -- Pause In Yield Compression?  // Emerging Markets Monitor;4/27/2009, Vol. 15 Issue 4, p18 

    An outlook for Iraq's US$Global 2028 bond is presented. A 13.39 yield was posted by the bond on March 16, 2009. It expects further yield compression for the bond in the short-to-medium term. Yield compression is supported by the recent rally in global oil prices. A comparison of the Global 2028...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics