Las Vegas, October 6, 2011/ GLOBENEWSWIRE -- 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 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
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