ALLEGIANT REPORTS SEPTEMBER 2013 TRAFFIC
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
| ||||||||||||||||||||||||||||||||||||||||
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 |
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Allegiant Travel Company via Thomson Reuters ONE
HUG#1734197
