Allegiant reports Q1 2020 net loss of USD (33m)

Allegiant Travel Company (NASDAQ: ALGT) has reported a first quarter net loss of USD (33m), or a loss per share of USD (2.08), compared to USD 57.1 net income in the first quarter of 2019, or USD 3.52 earnings per share, the company said.

First quarter total operating revenue in the first quarter 2020 was USD 409.2m, compared to USD 451.6m in the first quarter 2019, a decrease of 9.4%.

Operating loss in the first quarter 2020 was USD (117.8m), compared to USD 91.1m in the first quarter 2019.

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company, connecting customers with premier leisure experiences. Allegiant Air links travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares.