LAS VEGAS. June 12, 2014 – Allegiant (NASDAQ: ALGT) has been named the Top-Performing Airline in North America by AVIATION WEEK for the third consecutive year, out-performing all other U.S. carriers. The Company ranks second overall top-performing airline worldwide, just 0.3 points behind the top spot, and is top-performer worldwide in the Small Carrier category for the second consecutive year.
“We are proud to be the Top-Performing Airline in North America,” Andrew C. Levy, Allegiant President and Chief Operating Officer said. “It is a testament to our relentless dedication to building a consistently profitable company, as well as the innovation and hard work of our great team members. We look forward to continued growth and strong financial performance.”
Allegiant was recognized by AVIATION WEEK for executing a profitable niche business model “extremely well,” and being a leader among U.S. carriers in the use of ancillary fees and selling additional travel services.
The Company also has the best five-year average score of any airline worldwide, 76.9, more than 5 points higher than the second-ranked carrier.
In 2013, Allegiant swept the Top-Performing Airline rankings, taking the number one spot for overall top-performing airline worldwide, top-performing airline in North America, top-performing small carrier, as well as having the top five-year average score. The Company was first recognized by AVIATION WEEK as the top-performing low-cost airline worldwide in 2010.
AVIATION WEEK’s highly regarded Top-Performing Airline (TPA) study is based primarily on financial results from the last full calendar year and objectively measures all public carriers world-wide. TPA metrics have been refined over with input from industry leaders to include scores in five categories: liquidity, financial health, fuel cost management, earnings performance, and asset utilization. The data and rankings are a frequently cited industry baseline for determining which carriers are likely to flourish and those that are still vulnerable based on business models, geographic regions, and the industry landscape overall. For a breakdown of AVIATION WEEK’s airline scores and rankings, visit http://www.aviationweek.com.
Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, Allegiant.com. The company has been named one of America’s 100 Best Small Companies by Forbes Magazine for five consecutive years. In 2014, AVIATION WEEK ranked Allegiant the Top-Performing Airline in North America for the third consecutive year. For downloadable press kit, including photos, visit: http://gofly.us/xG7se.