ALLEGIANT REPORTS JUNE 2011 TRAFFIC Print
News Releases - Travel & Tourism
Written by Jordan McGee   
Friday, 08 July 2011 12:25

Las Vegas, July 7 2011/ GLOBENEWSWIRE -- Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for June 2011.

Scheduled Service

                                                                 June 2011 June 2010 Change

Passengers                                           540,769        528,187             2.4%

Revenue passenger miles (000)            483,644        479,889             0.8%

Available seat miles (000)                    523,523        516,712             1.3%

Load factor                                               92.4%           92.9%          (.5) pts

Departures                                                3,981            3,867             2.9%

Average stage length (miles)                        877               891          (1.6)%

 

                                                                 June 2011 June 2010 Change

Passengers                                          1,462,126     1,468,939          (0.5)%

Revenue passenger miles (000)           1,323,051     1,356,693          (2.5)%

Available seat miles (000)                    1,438,659     1,477,455          (2.6)%

Load factor                                                 92.0%           91.8%            .2 pts

Departures                                                  10,789          10,824          (0.3)%

Average stage length (miles)                           889               910          (2.3)%

Total System*

                                                                  June 2011 June 2010 Change

Passengers                                               574,799        553,780             3.8%

Revenue passenger miles (000)                509,834        502,812             1.4%

Available seat miles (000)                        570,254        559,377             1.9%

Load factor                                                   89.4%           89.9%          (.5) pts

Departures                                                    4,557            4,382             4.0%

Average stage length (miles)                            836               857          (2.4)%

 

                                                                  June 2011 June 2010 Change

Passengers                                             1,559,619     1,542,110             1.1%

Revenue passenger miles (000)               1,401,610     1,418,387          (1.2)%

Available seat miles (000)                        1,576,791     1,601,126          (1.5)%

Load factor                                                    88.9%           88.6%            .3 pts

Departures                                                    12,430          12,364             0.5%

Average stage length (miles)                              848               869          (2.4)%                        

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

Preliminary Financial Results

Change

May 2011 actual year-over-year

scheduled revenue per ASM (PRASM) change                                  35.0%

May 2011 actual year-over year

scheduled total revenue per ASM (TRASM) change                          27.1%

 

June 2011 estimated year-over-year PRASM change                    24.3 to 24.7%

June 2011 estimated year-over-year TRASM change                   18.5 to 18.9%

 

June 2011 estimated average fuel cost per gallon – system                      $3.16

June 2011 estimated average fuel cost per gallon – scheduled                $3.39

 

2Q11 estimated year-over-year PRASM change                           27.0 to 27.4%

2Q11 estimated year-over-year TRASM change                         21.4 to 21.8%

 

2Q11 estimated average fuel cost per gallon – system                         $3.22

2Q11 estimated average fuel cost per gallon – scheduled                        $3.46

Guidance

 

Capacity guidance, subject to revision

Year over Year Growth

 

Departures

ASMs

July 2011

 

 

Scheduled

(4)%

(1)%

 

 

 

3rd Quarter 2011

 

 

System

(7) to (3)%

(5) to (1)%

Scheduled

(8) to (4)%

(5) to (1)%

 

 

 

4th Quarter 2011

 

 

System

+3 to 7%

+5 to 9%

Scheduled

+1 to 5%

+5 to 9%

 

 

 

 

 

ASMs – Available seat miles

 

Cost and revenue guidance, subject to revision

 

 

Cost guidance

 

 

2nd Quarter 2011

Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year growth

+21 to 23%

 

 

Fixed fee and other revenue guidance

 

 

2nd Quarter 2011

Fixed fee revenue and other revenue (millions)

$11 to $13

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

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.

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