LAS VEGAS, NV--(Marketwired - December 06, 2016) - Allegiant Travel Company (ALGT) today reported preliminary passenger traffic results for November 2016.
"November close in bookings and the pace of sales for December are exceeding our prior expectations," stated Jude Bricker, COO and SVP of Planning. "In addition we are still seeing out performance in revenue being generated by the Allegiant World MasterCard® credit card program. Therefore, we are revising our fourth quarter TRASM guidance from a range of (7.5)% to (5.5)% to a range of (6)% to (4.5)%."
|November 2016||November 2015||Change|
|Revenue passenger miles (000)||766,850||705,192||8.7%|
|Available seat miles (000)||934,843||854,920||9.3%|
|Load factor||82.0%||82.5%||(0.5) pts|
|Average stage length (miles)||879||912||(3.6%)|
|November 2016||November 2015||Change|
|Revenue passenger miles (000)||779,725||719,464||8.4%|
|Available seat miles (000)||975,552||887,178||10.0%|
|Load factor||79.9%||81.1%||(1.2) pts|
|Average stage length (miles)||871||894||(2.6%)|
|*Total system includes scheduled service and fixed fee contract.|
Preliminary Financial Results
|Oct 2016 actual year-over-year|
|Scheduled total revenue per scheduled ASM (TRASM) change||(6.2%)|
|Nov 2016 estimated year-over-year TRASM change||(2.7%) to (2.3%)|
|$ per gallon|
|Nov 2016 estimated average fuel cost per gallon - system||$1.65|
Capacity guidance, subject to revision
|Year over Year Growth|
|4th Quarter 2016|
|System||+17 to 19%||+12 to 14%|
|Scheduled||+17 to 19%||+12 to 14%|
|1st Quarter 2017|
|System||+14 to 18%||+10 to 14%|
|Scheduled||+14 to 18%||+10 to 14%|
ASMs - Available seat miles
Las Vegas-based Allegiant (ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.
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.allegiantair.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.