ALLEGIANT REPORTS SEPTEMBER 2013 TRAFFIC

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ALLEGIANT REPORTS SEPTEMBER 2013 TRAFFIC

LAS VEGAS. Oct. 7, 2013 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2013.

"Revenue performance for the quarter was strong," said Andrew Levy, President of Allegiant Travel Co.  "CASM ex fuel came in slightly higher than prior guidance due to approximately $2 million in costs associated with the recent MD-80 slide issue."

Scheduled Service

                                                                     Sept 2013      Sept 2012          Change
Passengers                                                       398,880          402,768            (1.0)%
Revenue passenger miles (000)                          375,500          379,435            (1.0)%
Available seat miles (000)                                   436,154          447,226            (2.5)%
Load factor                                                          86.1%            84.8%            1.3pts
Departures                                                            2,764             2,923            (5.4)%
Average stage length (miles)                                     911                920            (0.9)%

                                                                            3Q13             3Q12          Change
Passengers                                                    1,707,640       1,617,031              5.6%
Revenue passenger miles (000)                        1,656,872       1,519,124              9.1%
Available seat miles (000)                                1,824,130       1,686,230              8.2%
Load factor                                                          90.8%            90.1%            0.7pts
Departures                                                          11,367           11,320              0.4%
Average stage length (miles)                                     932                910              2.4%

     


                                                               Total System*

                                                                     Sept 2013      Sept 2012          Change
Passengers                                                       413,575          436,013            (5.1)%
Revenue passenger miles (000)                          387,299          406,958            (4.8)%
Available seat miles (000)                                   462,391          491,568            (5.9)%
Load factor                                                          83.8%            82.8%            1.0pts
Departures                                                            3,033             3,449          (12.1)%
Average stage length (miles)                                     884                866              2.1%

                                                                            3Q13             3Q12          Change
Passengers                                                    1,742,962       1,727,117              0.9%
Revenue passenger miles (000)                        1,685,208       1,598,861              5.4%
Available seat miles (000)                                1,886,698       1,828,576              3.2%
Load factor                                                          89.3%            87.4%            1.9pts
Departures                                                          12,077           13,080            (7.7)%
Average stage length (miles)                                     910                860              5.8%

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

Preliminary Financial Results

 

Change
August 2013 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change 7.1%
August 2013 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change 5.1%
  
September 2013 estimated year-over-year PRASM change                                               5.9% to 6.3%
September 2013 estimated year-over-year TRASM change         3.9% to 4.3%
3Q13 estimated year-over-year PRASM change 2.7% to 3.1%
3Q13 estimated year-over-year TRASM change 1.9% to 2.3%
$ per gallon
September 2013 estimated average fuel cost per gallon - system $3.24
September 2013 estimated average fuel cost per gallon - scheduled $3.30
$ per gallon
3Q13 estimated average fuel cost per gallon - system $3.17
3Q13 estimated average fuel cost per gallon - scheduled $3.23


Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
October 2013
            Scheduled (6)% 0%
4th Quarter 2013
            System  (4) to 0% +4 to 8%
            Scheduled +2 to 6% +9 to 13%
1st Quarter 2014
            System +8 to 12% +10 to 14%
            Scheduled +8 to 12% +10 to 14%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision
Cost guidance
3rd Quarter 2013
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year growth 9 to 9.5%
Fixed fee and other revenue guidance
3rd Quarter 2013
Fixed fee revenue and other revenue (millions) $4 to $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. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company was ranked ninth in the 2011 Forbes` Best Small Companies list. Allegiant was also recently named one of FORTUNE magazine`s "100 Fastest-Growing Companies" for the second consecutive year.
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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