LAS VEGAS, June 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for May 2011.
| Scheduled Service | |||
| May 2011 | May 2010 | Change | |
| Passengers | 433,329 | 456,673 | (5.1%) |
| Revenue passenger miles (000) | 387,091 | 419,073 | (7.6%) |
| Available seat miles (000) | 420,002 | 455,062 | (7.7%) |
| Load factor | 92.2% | 92.1% | 0.1 pts |
| Departures | 3,206 | 3,341 | (4.0%) |
| Average stage length (miles) | 873 | 908 | (3.8%) |
| Total System* | |||
| May 2011 | May 2010 | Change | |
| Passengers | 464,983 | 483,016 | (3.7%) |
| Revenue passenger miles (000) | 411,038 | 441,597 | (6.9%) |
| Available seat miles (000) | 466,664 | 502,350 | (7.1%) |
| Load factor | 88.1% | 87.9% | 0.2 pts |
| Departures | 3,785 | 3,930 | (3.7%) |
| Average stage length (miles) | 825 | 859 | (3.9%) |
| *Total system includes scheduled service, fixed fee contract and non-revenue flying. | |||
| Preliminary Financial Results | |
| Change | |
| April 2011 actual year-over-year | |
| scheduled passenger revenue per ASM (PRASM) change | 23.9% |
| April 2011 actual year-over year | |
| scheduled total revenue per ASM (TRASM) change | 20.4% |
| May 2011 estimated year-over-year PRASM change | 34.6 – 35.0% |
| May 2011 estimated year-over-year TRASM change | 26.7 – 27.1% |
| May 2011 estimated average fuel cost per gallon – system | $3.20 |
| May 2011 estimated average fuel cost per gallon – scheduled | $3.47 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| June 2011 | ||
| Scheduled | 1% | 1% |
| 2nd Quarter 2011 | ||
| System | (3) to (1)% | (3) to (1)% |
| Scheduled | (3) to (1)% | (4) to (2)% |
| 3rd Quarter 2011 | ||
| System | (7) to (3)% | (4) to 0% |
| Scheduled | (8) to (4)% | (6) to (2)% |
| Revenue guidance, subject to revision | ||
| 2nd Quarter 2011 | ||
| Estimated PRASM change – year over year growth | +25 to 27% | |
| ASMs – Available seat miles | ||
About the Company
Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list. ALGT/G
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For further information please visit the company's investor website: http://ir.allegiant.com
Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future departure and capacity growth. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "guidance," "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "hope" or similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports filed with the Securities and Exchange Commission at www.sec.gov.
Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.