Allegiant Travel Company reported unaudited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2012. The company had a 36% increase in the fourth quarter in net income compared to last year. CapEx spend was $16 million, primarily consisted of deposits for 7 Airbus A320 aircraft and the continuation of 166-seat modification. At the end of the quarter, the company has modified 45 MD-80 aircraft from 150 to 166 seats, for a total spend of $40 million. For the quarter, total operating revenue was $222,838,000, operating income was $25,377,000, income before income taxes was $23,452,000 and net income attributable to allegiant travel company was $14,766,000 or $0.76 per diluted share against total operating revenue of $193,937,000, operating income of $20,174,000, income before income taxes of $18,438,000 and net income attributable to allegiant travel company of $10,810,000 or $0.56 per diluted share for the same period a year ago. EBITDA was $42,211,000 against $31,344,000 a year ago.

Return on equity, as a measurement, was 21%, up 15% from 2011. For the full year, total operating revenue was $908,719,000, operating income was $132,304,000, income before income taxes was $124,647,000 and net income attributable to allegiant travel company was $78,597,000 or $4.06 per diluted share against total operating revenue of $779,117,000, operating income of $85,444,000, income before income taxes of $79,514,000 and net income attributable to allegiant travel company of $49,398,000 or $2.57 per diluted share for the same period a year ago. EBITDA was $190,089,000 against $127,428,000 a year ago. Capital expenditures were $105.1 million against $86.6 million a year ago.

For the quarter, passengers were 1,666,501, revenue passenger miles (RPMs) was 1,578,841,000, available seat miles (ASMs) were 1,879,791,000 and load factor was 84.0% against passengers of 1,496,923, revenue passenger miles (RPMs) of 1,363,855,000, available seat miles (ASMs) were 1,575,899,000 and load factor of 86.5% for the same period a year ago.

For the full year, passengers were 6,987,324, revenue passenger miles (RPMs) was 6,514,056,000, available seat miles (ASMs) were 7,487,276,000 and load factor was 87.0% against passengers of 6,175,808, revenue passenger miles (RPMs) of 5,640,577,000, available seat miles (ASMs) were 6,364,243,000 and load factor of 88.6% for the same period a year ago.

Looking forward to the first quarter, the company expects to see an additional $1.1 million in accelerated depreciation related to these planned retirements.

Looking forward to 2013, the company is projecting total CapEx of $150 million to $160 million, primarily driven by the purchase of 7 A320 aircraft.