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alldel

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alldel

Re: None

Thursday, 05/14/2020 11:28:54 AM

Thursday, May 14, 2020 11:28:54 AM

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Allegiant’s first-quarter 2020 earnings (excluding $4.13 from non-recurring items) of $2.05 per share surpassed the Zacks Consensus Estimate of 58 cents. However, the bottom line tanked 48.5% year over year due to softness in revenues, emanating from sinking demand for air travel. Quarterly revenues of $409.2 million beat the Zacks Consensus Estimate of $408.3 million. However, the top line decreased 9.39% year over year due to a 9.8% descent in passenger revenues.
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