Allegiant travel q1 loss per share $2.08

Mpany first quarter 2020 financial results.q1 loss per share $2.08.q1 earnings per share estimate $0.92 -- refinitiv ibes data.qtrly fully diluted eps, excluding special items and adjusted for tax, of $2.05.qtrly trasm decreased 13.4 percent.qtrly total operating revenue $409.2 million versus $451.6 million.qtrly airline only casm, excluding fuel increased 1.7 percent on capacity growth of 4.0 percent.qtrly casm, excluding fuel had been on track to be down 2.0% on capacity growth of 16.0% prior to covid-19 scheduling changes.in near term, will most likely shrink fleet by as many as 25 aircraft.reduced full year capital expenditures by $260 million.suspended all stock buybacks and dividends.executives reduced salaries by 50 percent and board members are foregoing cash compensation.neither chairman and ceo nor president draw a salary.enacted a hiring freeze and offering voluntary leave.more than 1,100 team members are currently participating in some form of pay reduction program.extended payment terms and renegotiating contracts with vendors.3q20 cash burn is expected to be $1.5 million per day assuming gross bookings average $750 thousand per day.expect all remaining 2020 aircraft and engine acquisitions to be financed.nearly all non-airline subsidiary spend has been suspended indefinitely.q1 revenue view $418.3 million -- refinitiv ibes data.
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