ALLEGIANT REPORTS AUGUST 2011 TRAFFIC Print
News Releases - Travel & Tourism
Written by Kristine Shattuck-Cooper   
Tuesday, 13 September 2011 12:13

ALLEGIANT REPORTS AUGUST 2011 TRAFFIC

Las Vegas, September 6, 2011/ GLOBENEWSWIRE -- Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for August 2011.

Scheduled Service

Aug. 2011 Aug. 2010 Change

Passengers                     478,518        517,680          (7.6)%

Revenue passenger miles (000)                    439,408        472,141       (6.9)%

Available seat miles (000)                          476,227        525,399          (9.4)%

Load factor                         92.3%           89.9%          2.4 pts

Departures                     3,493            3,915        (10.8)%

Average stage length (miles)                        901               895             0.7%

 

Total System*

 

Aug. 2011 Aug. 2010 Change

Passengers                     507,712        539,655          (5.9)%

Revenue passenger miles (000)                    462,146        492,000          (6.1)%

Available seat miles (000)                          514,770        564,520          (8.8)%

Load factor                         89.8%           87.2%          2.6 pts

Departures                     4,004            4,381             8.6%

Average stage length (miles)                        854               865          (1.3)%

*Total system includes scheduled service, fixed fee contract and non-revenue flying.

 

Preliminary Financial Results

 

Change

July 2011 actual year-over-year

scheduled revenue per ASM (PRASM) change                                  24.1%

July 2011 actual year-over year

scheduled total revenue per ASM (TRASM) change                          20.2%

 

August 2011 estimated year-over-year PRASM change                20.2 to 20.6%

August 2011 estimated year-over-year TRASM change                15.3 to 15.7%

 

August 2011 estimated average fuel cost per gallon – system                   $3.12

August 2011 estimated average fuel cost per gallon – scheduled             $3.32

 

Guidance

 

 

Capacity guidance, subject to revision

Year over Year Growth

 

Departures

ASMs

September 2011

 

 

Scheduled

(1)%

1%

 

 

 

3rd Quarter 2011

 

 

System

(3) to (1)%

(4) to (2)%

Scheduled

(6) to (4)%

(4) to (2)%

 

 

 

4th Quarter 2011

 

 

System

+7 to 11%

+8 to 12%

Scheduled

+5 to 9%

+7 to 11%

 

 

 

 

 

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

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


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