Allegiant Travel Company Reports Second Quarter, Half Year 2008 Financial Results (PR Newswire)

LAS VEGAS, July 22 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT - News ), parent company of Allegiant Air and Allegiant Vacations, today reported the following second quarter and half year 2008 results, and comparisons to prior year equivalents: Unaudited 2Q08 2Q07 Change 1H08 1H07 Change Total operating revenue (millions) $131.6 $88.9 47.9% $264.7 $173.3 52.7% Operating income (millions) $4.7 $14.2 (67.0)% $19.0 $28.5 (33.1)% Operating margin 3.6% 15.9% -12.3pp 7.2% 16.4% -9.2pp Net income (millions) $2.6 $10.0 (73.5)% $12.3 $19.7 (37.5)% Diluted earnings per share $0.13 $0.49 (73.5)% $0.60 $0.97 (38.1)% Diluted non-GAAP earnings per share adjusted by excluding non-cash mark-to-market loss/gain on fuel derivatives (reconciled to GAAP on pgs. 7 and 11) $0.13 $0.51 (74.5)% $0.60 $0.90 (33.3)% Scheduled... [read full story]