The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports April 2012 Traffic

Friday, May 04, 2012

Allegiant Reports April 2012 Traffic14:30 EDT Friday, May 04, 2012LAS VEGAS, May 4, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for April 2012.  Scheduled Service   Apr. 2012 Apr. 2011 Change Passengers 596,369 488,028 22.2% Revenue passenger miles (000) 563,031 452,315 24.5% Available seat miles (000) 629,204 495,134 27.1% Load factor 89.5% 91.4% (1.9)pts Departures 4,320 3,602 19.9% Average stage length (miles) 925 916 1.0%          Total System*   Apr. 2012 Apr. 2011 Change Passengers 629,191 519,837 21.0% Revenue passenger miles (000) 587,539 480,739 22.2% Available seat miles (000) 673,312 539,873 24.7% Load factor 87.3% 89.0% (1.7)pts Departures 4,855 4,088 18.8% Average stage length (miles) 885 883 0.2%        *Total system includes scheduled service, fixed fee contract and non-revenue flying.    Preliminary Financial Results     Change March 2012 actual year-over-year   Scheduled revenue per scheduled ASM (PRASM) change (1.7)% March 2012 actual year-over-year   Scheduled total revenue per scheduled ASM (TRASM) change (1.5)%     April 2012 estimated year-over-year PRASM change  (4.5)% to (4.1)% April 2012 estimated year-over-year TRASM change   (3.9)% to (3.5)%   $ per gallon April 2012 estimated average fuel cost per gallon – system $3.34 April 2012 estimated average fuel cost per gallon – scheduled $3.52      Guidance           Capacity guidance, subject to revision Year over Year Growth   Departures ASMs May 2012     Scheduled 14% 24%       2nd Quarter 2012     System +8 to 12% +16 to 20% Scheduled +9 to 13% +18 to 22%       3rd Quarter 2012     System +2 to 6% +14 to 18% Scheduled +3 to 7% +15 to 19%       ASMs – Available seat miles    Allegiant, travel is our deal. Las Vegas-based Allegiant Travel Company (Nasdaq: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, The company was ranked ninth in the 2011 Forbes' Best Small Companies. Allegiant was also recently named one of FORTUNE magazine's "100 Fastest-Growing Companies" for the second consecutive year.ALGT/G The Allegiant Travel Company logo is available at 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: 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 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.CONTACT: Allegiant Media Contact: Brian Davis e-mail: Investor Inquiries: Chris Allen