LAS VEGAS, June 3, 2015 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for May 2015.
"Our May TRASM results exceeded our expectations while PRASM performed as we thought it would," stated Jude Bricker, Senior Vice President of Planning. "We have seen two months of TRASM outperformance and feel confident in the demand trends that we are seeing in June. Due to this improvement, we are updating our second quarter TRASM guidance to negative eight to negative seven percent versus the second quarter of 2014," concluded Bricker.
| Scheduled Service | |||
| May 2015 | May 2014 | Change | |
| Passengers | 739,691 | 649,122 | 14.0% |
| Revenue passenger miles (000) | 693,099 | 598,158 | 15.9% |
| Available seat miles (000) | 806,025 | 672,430 | 19.9% |
| Load factor | 86.0% | 89.0% | (3.0) pts |
| Departures | 5,187 | 4,392 | 18.1% |
| Average stage length (miles) | 914 | 896 | 2.0% |
| Total System* | |||
| May 2015 | May 2014 | Change | |
| Passengers | 753,144 | 660,981 | 13.9% |
| Revenue passenger miles (000) | 704,433 | 609,480 | 15.6% |
| Available seat miles (000) | 828,617 | 690,584 | 20.0% |
| Load factor | 85.0% | 88.3% | (3.3) pts |
| Departures | 5,423 | 4,567 | 18.7% |
| Average stage length (miles) | 899 | 886 | 1.5% |
*Total system includes scheduled service and fixed fee contract.
| Preliminary Financial Results | |
| Change | |
| Apr 2015 actual year-over-year Scheduled revenue per scheduled ASM (PRASM) change | (13.3%) |
| Apr 2015 actual year-over-year Scheduled total revenue per scheduled ASM (TRASM) change | (5.6%) |
| May 2015 estimated year-over-year PRASM change | (18.8%) to (18.4%) |
| May 2015 estimated year-over-year TRASM change | (10.0%) to (9.5%) |
| $ per gallon | |
| May 2015 estimated average fuel cost per gallon – system | $2.18 |
| May 2015 estimated average fuel cost per gallon – scheduled | $2.22 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| June 2015 | ||
| Scheduled | +18% | +16% |
| 2nd Quarter 2015 | ||
| System | +17 to 19% | +17 to 19% |
| Scheduled | +17 to 19% | +17 to 19% |
| 3rd Quarter 2015 | ||
| System | +23 to 27% | +21 to 25% |
| Scheduled | +23 to 27% | +21 to 25% |
ASMs – Available seat miles
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. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, Allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for five consecutive years. In 2014, AVIATION WEEK ranked Allegiant the Top-Performing Airline in North America for the third consecutive year. For downloadable press kit, including photos, visit: http://gofly.us/FiYDS.
ALGT/G
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For further information please visit the company's investor website: http://ir.allegiantair.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.