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