LAS VEGAS, Dec. 6, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for November 2012.
"November average base airfare was slightly lower than anticipated and we are now forecasting a slightly weaker fare environment for December also," said Andrew Levy, President of Allegiant Travel Co. "As such we are adjusting our fourth quarter 2012 PRASM downward. However, we are also adjusting our CASM ex fuel guidance downward due to better cost performance than forecast earlier this quarter."
| Scheduled Service | |||
| Nov 2012 | Nov 2011 | Change | |
| Passengers | 524,213 | 443,427 | 15.4% |
| Revenue passenger miles (000) | 498,687 | 405,465 | 23.0% |
| Available seat miles (000) | 581,830 | 452,066 | 28.7% |
| Load factor | 85.7% | 89.7% | (4.0)pts |
| Departures | 3,755 | 3,309 | 13.5% |
| Average stage length (miles) | 925 | 895 | 3.4% |
| Total System* | |||
| Nov 2012 | Nov 2011 | Change | |
| Passengers | 558,466 | 482,081 | 15.8% |
| Revenue passenger miles (000) | 525,703 | 436,989 | 20.3% |
| Available seat miles (000) | 633,997 | 508,062 | 24.8% |
| Load factor | 82.9% | 86.0% | (3.1)pts |
| Departures | 4,373 | 3,969 | 10.2% |
| Average stage length (miles) | 874 | 845 | 3.4% |
| *Total system includes scheduled service, fixed fee contract and non-revenue flying. | |||
| Preliminary Financial Results | |
| Change | |
| October 2012 actual year-over-year | |
| Scheduled revenue per scheduled ASM (PRASM) change | (12.6)% |
| October 2012 actual year-over-year | |
| Scheduled total revenue per scheduled ASM (TRASM) change | (4.7)% |
| November 2012 estimated year-over-year PRASM change | (13.2)% to (12.8)% |
| November 2012 estimated year-over-year TRASM change | (5.8)% to (5.4)% |
| $ per gallon | |
| November 2012 estimated average fuel cost per gallon – system | $3.16 |
| November 2012 estimated average fuel cost per gallon – scheduled | $3.34 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| December 2012 | ||
| Scheduled | 2% | 15% |
| 4th Quarter 2012 | ||
| System | +4 to 6% | +18 to 20% |
| Scheduled | +6 to 8% | +21 to 23% |
| 1st Quarter 2013 | ||
| System | (8) to (4)% | +12 to 16% |
| Scheduled | (2) to 2% | +15 to 19% |
| ASMs – Available seat miles | ||
| Cost and revenue guidance, subject to revision | |
| Revenue guidance | 4th Quarter 2012 |
| Estimated PRASM year-over-year change | (10) to (8)% |
| Cost guidance | 4th Quarter 2012 |
| CASM ex-fuel – year over year change | (4) to (2)% |
Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company® (Nasdaq:ALGT) is focused on linking travelers in small cities to world-class leisure destinations. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.
The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
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" title="blocked::outbind://31/www.sec.gov">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.