ALLEGIANT REPORTS DECEMBER 2013 TRAFFIC

GlobeNewswire Europe

ALLEGIANT REPORTS DECEMBER 2013 TRAFFIC

LAS VEGAS. Jan. 8, 2014 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2013, fourth quarter and full year 2013.  

"We added the A320 to our certificate in late December," said Andrew Levy, President and COO of Allegiant Travel Co.  "At the end of December we had five A320s in service and expect to have seven in service by the end of the week."

Scheduled Service
       

Dec. 2013 Dec. 2012 Change
Passengers 659,413 576,757 14.3%
Revenue passenger miles (000) 643,991 569,483 13.1%
Available seat miles (000) 764,840 662,583 15.4%
Load factor 84.2% 85.9% (1.7)pts
Departures 4,733 4,106 15.3%
Average stage length (miles) 947 949 (0.2%)

                               

4Q13 4Q12 Change
Passengers 1,672,604 1,576,641 6.1%
Revenue passenger miles (000) 1,615,074 1,512,063 6.8%
Available seat miles (000) 1,894,953 1,747,920 8.4%
Load factor 85.2% 86.5% (1.3)pts
Departures 11,820 11,192 5.6%
Average stage length (miles) 940 930 1.0%

                       

YTD13 YTD12 Change
Passengers 7,103,376 6,591,707 7.8%
Revenue passenger miles (000) 7,015,108 6,220,320 12.8%
Available seat miles (000) 7,893,119 6,954,408 13.5%
Load factor 88.9% 89.4% (0.5)pts
Departures 48,387 46,995 3.0%
Average stage length (miles) 952 918 3.8%

                        Total System*
   

Dec. 2013 Dec. 2012 Change
Passengers 668,841 597,751 11.9%
Revenue passenger miles (000) 652,169 584,109 11.7%
Available seat miles (000) 782,385 697,054 12.2%
Load factor 83.4% 83.8% (0.4)pts
Departures 4,922 4,513 9.1%
Average stage length (miles) 932 914 2.0%

                               

4Q13 4Q12 Change
Passengers 1,709,289 1,666,501 2.6%
Revenue passenger miles (000) 1,646,717 1,578,841 4.3%
Available seat miles (000) 1,961,632 1,879,791 4.4%
Load factor 83.9% 84.0% (0.1)pts
Departures 12,477 12,802 (2.5%)
Average stage length (miles) 922 882 4.6%

                       

YTD13 YTD12 Change
Passengers 7,241,064 6,987,324 3.6%
Revenue passenger miles (000) 7,129,416 6,514,057 9.4%
Available seat miles (000) 8,146,135 7,487,276 8.8%
Load factor 87.5% 87.0% 0.5pts
Departures 51,083 53,615 (4.7%)
Average stage length (miles) 933 872 7.0%

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

Preliminary Financial Results

 

Change
November 2013 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change (6.4)%
November 2013 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change (5.5)%
December 2013 estimated year-over-year PRASM change 9.0% to 9.4%
December 2013 estimated year-over-year TRASM change 6.0% to 6.4%
4Q13 estimated year-over-year PRASM change 3.7% to 4.1%
4Q13 estimated year-over-year TRASM change 1.5% to 1.9%
$ per gallon
December 2013 estimated average fuel cost per gallon - system $3.22
December 2013 estimated average fuel cost per gallon - scheduled $3.26
$ per gallon
4Q13 estimated average fuel cost per gallon - system $3.17
4Q13 estimated average fuel cost per gallon - scheduled $3.21

Guidance

Capacity guidance, subject to revision                Year over Year Change
Departures ASMs
January 2014
  Scheduled 13% 17%
1st Quarter 2014
  System +8 to 12% +10 to 14%
  Scheduled +8 to 12% +10 to 14%
2nd Quarter 2014
  System +10 to 14% +8 to 12%
  Scheduled +10 to 14% +8 to 12%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision
Cost guidance
4th Quarter 2013
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year growth +6.5 to 7.0%
Fixed fee and other revenue guidance
4th Quarter 2013
Fixed fee revenue and other revenue (millions) $4.5 to $5.5

Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company (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 four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.
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.

 

Allegiant Media Contact: Investor Inquiries:
Brian Davis Chris Allen
e-mail: mediarelations@allegiantair.com e-mail:ir@allegiantair.com



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Allegiant Travel Company via GlobeNewswire

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