The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports September 2012 Traffic

Friday, October 05, 2012

Allegiant Reports September 2012 Traffic13:00 EDT Friday, October 05, 2012LAS VEGAS, Oct. 5, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for September 2012. "September has historically been our weakest month of the year and 2012 was no different," said Andrew Levy, President of Allegiant Travel Co. "In addition, our 23.1 percent growth in scheduled available seat miles (ASMs), predominately driven by our 166 seat growth initiative, added to the seasonal effects which pressured September load factor. That said, we continue to see the profit benefits of the additional sixteen seats, and we are also very pleased with our growth rate in TRASM, as this has helped to offset heightened fuel prices. We expect scheduled load factors in future months to be more in line with the 90 percent range we have posted for most months during the past few years."  Scheduled Service               Sept 2012  Sept 2011 Change Passengers     402,768 359,739 12.0% Revenue passenger miles (000)       379,435 327,382 15.9% Available seat miles (000)      447,226 363,438 23.1% Load factor     84.8% 90.1% (5.3)pts Departures    2,923 2,684 8.9% Average stage length (miles)      920 892 3.2%              3Q12   3Q11  Change Passengers      1,617,031  1,478,046 9.4% Revenue passenger miles (000)       1,519,124 1,347,896 12.7% Available seat miles (000)     1,686,230 1,462,636  15.3% Load factor       90.1% 92.2%   (2.1)pts Departures       11,320 10,834  4.5% Average stage length (miles)     910  892  2.1%          Total System*           Sept 2012 Sept 2011 Change Passengers 436,013 398,206 9.5% Revenue passenger miles (000) 406,958 357,525 13.9% Available seat miles (000) 491,568 415,941 18.2% Load factor 82.8% 86.0% (3.2)pts Departures 3,449 3,317 4.0% Average stage length (miles) 866 832 4.1%           3Q12 3Q11 Change Passengers 1,727,117 1,578,645 9.4% Revenue passenger miles (000) 1,598,861 1,425,002 12.2% Available seat miles (000) 1,828,576 1,593,766 14.8% Load factor 87.4% 89.4% (2.0)pts Departures 13,080 12,527 4.5% Average stage length (miles) 860 845 1.8%        *Total system includes scheduled service, fixed fee contract and non-revenue flying.  Preliminary Financial Results       Change August 2012 actual year-over-year    Scheduled revenue per scheduled ASM (PRASM) change (8.5)% August 2012 actual year-over-year    Scheduled total revenue per scheduled ASM (TRASM) change (2.2)%         September 2012 estimated year-over-year PRASM change   (17.1)% to (16.7)% September 2012 estimated year-over-year TRASM change (8.1)% to (7.7)%     3Q12 estimated year-over-year PRASM change (8.4)% to (8.0)% 3Q12 estimated year-over-year TRASM change (2.1)% to (1.7)%       $ per gallon September 2012 estimated average fuel cost per gallon – system $3.31 September 2012 estimated average fuel cost per gallon – scheduled $3.56       $ per gallon 3Q12 estimated average fuel cost per gallon – system $3.11 3Q12 estimated average fuel cost per gallon - scheduled $3.31    Guidance       Capacity guidance, subject to revision Year over Year Growth   Departures ASMs October 2012     Scheduled 7% 21%       4th Quarter 2012     System +5 to 9% +19 to 23% Scheduled +6 to 10% +22 to 26%       1st Quarter 2013     System (8) to (4)% +12 to 16% Scheduled (2) to 2% +15 to 19%       ASMs – Available seat miles          Cost and revenue guidance, subject to revision        Cost guidance         3rd Quarter 2012 Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year growth   (5.5) to (4.5)%       Fixed fee and other revenue guidance         3rd Quarter 2012 Fixed fee revenue and other revenue (millions)   $14 to $15    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, 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 The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305 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.CONTACT: Allegiant Media Contact: Brian Davis e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail: ir@allegiantair.com