ALLEGIANT REPORTS OCTOBER 2013 TRAFFIC

GlobeNewswire Europe

ALLEGIANT REPORTS OCTOBER 2013 TRAFFIC

Las Vegas. November 5, 2013. - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2013.  

Scheduled Service

Oct 2013 Oct 2012 Change
Passengers 468,227 475,671  (1.6%)
Revenue passenger miles (000) 443,418 443,893  (0.1%)
Available seat miles (000) 505,386 503,507  0.4%
Load factor 87.7% 88.2%  (0.4)pts
Departures 3,184 3,331 (4.4%)
Average stage length (miles) 925 911  1.5%

Total System*

Oct 2013 Oct 2012 Change
Passengers 482,562 510,284 (5.4%)
Revenue passenger miles (000) 456,215 469,029 (2.7%)
Available seat miles (000) 531,372 548,741 (3.2%)
Load factor 85.9% 85.5%  0.4pts
Departures 3,427 3,916 (12.5%)
Average stage length (miles) 905 854  6.0%

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

Preliminary Financial Results

 

Change
September 2013 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change                       6.3%
September 2013 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change                       4.3%
October 2013 estimated year-over-year PRASM change                                                5.9% to 6.3%
October 2013 estimated year-over-year TRASM change          3.7% to 4.1%
$ per gallon
October 2013 estimated average fuel cost per gallon - system $3.17
October 2013 estimated average fuel cost per gallon - scheduled $3.21

Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
November 2013
  Scheduled 2% 7%
4th Quarter 2013
  System (4) to 0% +4 to 8%
  Scheduled 2 to 6% +8 to 12%
1st Quarter 2014
  System    8 to 12% +10 to 14%
  Scheduled 8 to 12% +10 to 14%

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/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



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Source: Allegiant Travel Company via Thomson Reuters ONE

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