Allegiant Travel Company (NASDAQ:ALGT) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition.
On July 26, 2017, Allegiant Travel Company (the “Company”) issued the press release attached as Exhibit 99.1 to this Form 8-K concerning our results of operations for the quarter ended June 30, 2017.
This information is being furnished under Item 2.02 of Form 8-K. This report and Exhibit 99.1 are deemed to be furnished and are not considered “filed” with the Securities and Exchange Commission. As such, this information shall not be incorporated by reference into any of our reports or other filings made with the Securities and Exchange Commission.
Forward-Looking Statements:Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in the press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future unit revenue, future operating expense, ASM growth, departure growth, fixed-fee and other revenues, expected capital expenditures, number of contracted aircraft to be placed in service in the future, timing of aircraft retirements, as well as other information concerning future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," “guidance,” "anticipate," "intend," "plan," "estimate," “project”, “hope”or similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports and registration statements filed with the Securities and Exchange Commission at www.sec.gov. These risk factors include, without limitation, an accident involving, or problems with, our aircraft, our reliance on our automated systems, limitation on growth as we transition to a single fleet type, risk of breach of security of personal data, volatility of fuel costs, labor issues and costs, the ability to obtain regulatory approvals as needed, the effect of economic conditions on leisure travel, debt covenants and balances, the ability to finance aircraft under contract, terrorist attacks, risks inherent to airlines, our competitive environment, our reliance on third parties who provide facilities or services to us, the possible loss of key personnel, economic and other conditions in markets in which we operate, governmental regulation, increases in maintenance costs and cyclical and seasonal fluctuations in our operating results.
Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant.
OnJuly 25, 2017, Allegiant Travel Company (the “Company”), through a wholly owned subsidiary,borrowed$34million undera loan agreement secured byone AirbusA320aircraft. The notebears interest at a floating rate based on LIBOR and will be payable in quarterlyinstallments throughJuly 2027. The proceeds from the loan will be used for general corporate purposes.
Section 9Financial Statements and Exhibits
Item 9.01Financial Statements and Exhibits.
(a)Not applicable.
(b)Not applicable.
(c)Not applicable.
(d)Exhibits
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Exhibit No. |
Description of Document |
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99.1 |
Press Release issued by Allegiant Travel Company on July 26, 2017. |
Allegiant Travel CO ExhibitEX-99.1 2 a2017q28-kex991.htm EXHIBIT 99.1 Exhibit Allegiant Q2 2017 EarningsPage 1Exhibit 99.1 ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2017FINANCIAL RESULTSSecond Quarter 2017 Fully Diluted Earnings per Share of $2.94LAS VEGAS. July 26,…To view the full exhibit click here
About Allegiant Travel Company (NASDAQ:ALGT)
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue. It provides scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. It provides unbundled air-related services and products with air transportation. The Company offers third-party travel products, such as hotel rooms, ground transportation and show tickets. Its fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis. The Company’s other revenue includes leased out aircraft and flight equipment, and other miscellaneous sources. Allegiant Travel Company (NASDAQ:ALGT) Recent Trading Information
Allegiant Travel Company (NASDAQ:ALGT) closed its last trading session down -1.25 at 143.20 with 127,523 shares trading hands.