LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Wednesday reported a second-quarter loss of $93.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had a loss of $5.85. Losses, adjusted for non-recurring gains, came to $5.96 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $4.53 per share.
The travel services company posted revenue of $133.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $125.9 million.
Allegiant Travel shares have dropped 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $114.79, a decrease of 25% in the last 12 months.