LAS VEGAS, Oct. 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for September 2011.
| Scheduled Service | |||
| Sep. 2011 | Sep. 2010 | Change | |
| Passengers | 359,739 | 362,519 | (0.8)% |
| Revenue passenger miles (000) | 327,382 | 330,800 | (0.2)% |
| Available seat miles (000) | 363,438 | 359,785 | 1.0% |
| Load factor | 90.1% | 91.9% | (1.8) pts |
| Departures | 2,684 | 2,697 | (0.5)% |
| Average stage length (miles) | 892 | 889 | 0.2% |
| 3Q11 | 3Q10 | Change | |
| Passengers | 1,478,046 | 1,488,600 | (0.7)% |
| Revenue passenger miles (000) | 1,347,896 | 1,356,043 | (0.6)% |
| Available seat miles (000) | 1,462,636 | 1,512,650 | (3.3)% |
| Load factor | 92.2% | 89.6% | 2.6 pts |
| Departures | 10,834 | 11,316 | (4.3)% |
| Average stage length (miles) | 892 | 891 | 0.1% |
| Total System* | |||
| Sep. 2011 | Sep. 2010 | Change | |
| Passengers | 398,206 | 390,492 | 2.0% |
| Revenue passenger miles (000) | 357,525 | 362,714 | (1.4)% |
| Available seat miles (000) | 415,941 | 420,469 | (1.1)% |
| Load factor | 86.0% | 86.3% | (0.3) pts |
| Departures | 3,317 | 3,231 | 2.7% |
| Average stage length (miles) | 832 | 873 | (4.8)% |
| 3Q11 | 3Q10 | Change | |
| Passengers | 1,578,645 | 1,559,836 | 1.2% |
| Revenue passenger miles (000) | 1,425,002 | 1,425,761 | (0.1)% |
| Available seat miles (000) | 1,593,766 | 1,646,431 | (3.2)% |
| Load factor | 89.4% | 86.6% | 2.8 pts |
| Departures | 12,527 | 12,761 | (1.8)% |
| Average stage length (miles) | 845 | 865 | (2.3)% |
| *Total system includes scheduled service, fixed fee contract and non-revenue flying. | |||
| Preliminary Financial Results | |
| Change | |
| August 2011 actual year-over-year | |
| scheduled revenue per ASM (PRASM) change | 20.6% |
| August 2011 actual year-over year | |
| scheduled total revenue per ASM (TRASM) change | 15.8% |
| September 2011 estimated year-over-year PRASM change | 32.5 to 32.9% |
| September 2011 estimated year-over-year TRASM change | 23.8 to 24.2% |
| September 2011 estimated average fuel cost per gallon | |
| – system | $3.04 |
| September 2011 estimated average fuel cost per gallon | |
| – scheduled | $3.30 |
| 3Q11 estimated year-over-year PRASM change | 24.2 to 24.6% |
| 3Q11 estimated year-over-year TRASM change | 19.1 to 19.5% |
| 3Q11 estimated average fuel cost per gallon – system | $3.12 |
| 3Q11 estimated average fuel cost per gallon – scheduled | $3.33 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| October 1, 2011 | ||
| Scheduled | 4% | 5% |
| 4th Quarter 2011 | ||
| System | +5 to 9% | +6 to 10% |
| Scheduled | +2 to 6% | +5 to 9% |
| 1st Quarter 2012 | ||
| System | +8 to 12% | +13 to 17% |
| Scheduled | +10 to 14% | +15 to 19% |
| ASMs – Available seat miles | ||
| Cost and revenue guidance, subject to revision | ||
| Cost guidance | ||
| 3rd Quarter 2011 | ||
|
Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year growth |
+14 to 16% | |
| Fixed fee and other revenue guidance | ||
| 3rd Quarter 2011 | ||
| Fixed fee revenue and other revenue (millions) | $12 to $14 | |
About the Company
Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) has posted 34 consecutive quarters of profitability. The company 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 and hotel rooms, rental cars and other travel-related services. In 2011 and 2010 Allegiant ranked 64 and 25, respectively, on FORTUNE magazine's Fastest-Growing Companies list. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study. 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.