ALLEGIANT REPORTS JANUARY 2014 TRAFFIC

GlobeNewswire Europe

ALLEGIANT REPORTS JANUARY 2014 TRAFFIC

 

Las Vegas. (February 6, 2014) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2014. 

 

 

Scheduled Service

 

                                                                      Jan. 2014       Jan. 2013          Change

Passengers                                                       588,781          514,840            14.4%

Revenue passenger miles (000)                          586,657          515,583            13.8%

Available seat miles (000)                                   690,446          593,260            16.4%

Load factor                                                          85.0%            86.9%          (1.9)pts

Departures                                                            4,181             3,638            14.9%

Average stage length (miles)                                     966                954              1.3%

 

 

Total System*

 

                                                                      Jan. 2014       Jan. 2014          Change

Passengers                                                       597,427          527,908            13.2%

Revenue passenger miles (000)                          593,396          525,025            13.0%

Available seat miles (000)                                   707,925          618,676            14.4%

Load factor                                                          83.8%            84.9%          (1.0)pts

Departures                                                            4,383             3,923            11.7%

Average stage length (miles)                                     945                925              2.2%

 

                                                                                                                                               

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

 

Preliminary Financial Results

 

  Change
December 2013 actual year-over-year  
  Scheduled revenue per scheduled ASM (PRASM) change 9.4%
December 2013 actual year-over-year  
  Scheduled total revenue per scheduled ASM (TRASM) change 5.7%
   
   
January 2014 estimated year-over-year PRASM change 9.1% to 9.5%
January 2014 estimated year-over-year TRASM change

 
4.8% to 5.2%
   
   
  $ per gallon
January 2014 estimated average fuel cost per gallon - system $3.22
January 2014 estimated average fuel cost per gallon - scheduled $3.25

 

 

Guidance

 

Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
February 2014    
            Scheduled +11% +11%
     
1st Quarter 2014    
            System +8 to 11% +10 to 13%
            Scheduled +8 to 11% +10 to 13%
     
2nd Quarter 2014    
            System +10 to 14% +8 to 12%
            Scheduled +10 to 14% +8 to 12%
     
 
 

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 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/qSnWj.

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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