ALLEGIANT REPORTS FEBRUARY 2013 TRAFFIC AND
COMPLETION OF THE 166 SEAT PROJECT
Las Vegas. (March 05, 2013) Allegiant Travel Company (NASDAQ: ALGT) - today reported preliminary passenger traffic results for February 2013. It is also reporting that it completed the project of converting 51 MD-80 aircraft from 150 seats to 166 seats in the month of February.
"This project was a significant investment into our MD-80s and subsequently the profitability of the company," said Andrew C. Levy, Allegiant President. "The overall project came in under budget and on average we lost 100 pounds per aircraft after the addition of the sixteen seats. We have also seen that the incremental cost per customer for the additional seats has trended below the amount of total ancillary revenue we received per passenger in January 2013. The MD-80 is a key component to the success of our company and we expect to utilize these assets long into the foreseeable future."
Scheduled Service
| Feb 2013 | Feb 2012 | Change | |
| Passengers | 541,413 | 500,590 | 8.2% |
| Revenue passenger miles (000) | 551,788 | 478,217 | 15.4% |
| Available seat miles (000) | 615,327 | 528,379 | 16.5% |
| Load factor | 89.7% | 90.5% | (0.8)pts |
| Departures | 3,641 | 3,661 | (0.5)% |
| Average stage length (miles) | 984 | 932 | 5.6% |
Total System*
| Feb 2013 | Feb 2012 | Change | |
| Passengers | 552,109 | 532,664 | 3.7% |
| Revenue passenger miles (000) | 560,833 | 503,312 | 11.4% |
| Available seat miles (000) | 637,949 | 572,320 | 11.5% |
| Load factor | 87.9% | 87.9% | - |
| Departures | 3,871 | 4,203 | (7.9)% |
| Average stage length (miles) | 961 | 883 | 8.8% |
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
Preliminary Financial Results
| Change | |
| January 2013 actual year-over-year | |
| Scheduled revenue per scheduled ASM (PRASM) change | (10.6)% |
| January 2013 actual year-over-year | |
| Scheduled total revenue per scheduled ASM (TRASM) change | (3.3)% |
| February 2013 estimated year-over-year PRASM change | (6.9)% to (6.5)% |
| February 2013 estimated year-over-year TRASM change | 0.0% to 0.4% |
| $ per gallon | |
| February 2013 estimated average fuel cost per gallon - system | $3.59 |
| February 2013 estimated average fuel cost per gallon - scheduled | $3.54 |
Guidance
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ASMs - Available seat miles
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 was ranked ninth in the 2011 Forbes` Best Small Companies. Allegiant was also recently named one of FORTUNE magazine`s "100 Fastest-Growing Companies" for the second consecutive year. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.
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 |
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Source: Allegiant Travel Company via Thomson Reuters ONE
HUG#1683265
