SOURCE: Allegiant Travel Company

Allegiant Travel Company

October 07, 2014 16:33 ET

Allegiant Reports September 2014 Traffic

LAS VEGAS, NV--(Marketwired - October 07, 2014) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2014. 

The company is also announcing that Kris Bauer, former Senior Vice President of Operations, has returned on an interim basis and will be overseeing the operations of the company until the position is permanently filled.

 
Scheduled Service
 
   Sep. 2014  Sep. 2013  Change
Passengers  450,306  398,880  12.9%
Revenue passenger miles (000)  419,329  375,500  11.7%
Available seat miles (000)  483,253  436,154  10.8%
Load factor  86.8%  86.1%  0.7 pts
Departures  3,137  2,764  13.5%
Average stage length (miles)  896  911  (1.6%)
       
       
   3Q14  3Q13  Change
Passengers  1,940,348  1,707,640  13.6%
Revenue passenger miles (000)  1,839,640  1,656,872  11.0%
Available seat miles (000)  2,033,318  1,824,130  11.5%
Load factor  90.5%  90.8%  (0.3) pts
Departures  12,925  11,367  13.7%
Average stage length (miles)  916  932  (1.7%)
       
       
       
Total System*
 
   Sep. 2014  Sep. 2013  Change
Passengers  468,240  413,575  13.2%
Revenue passenger miles (000)  436,590  387,299  12.7%
Available seat miles (000)  523,306  462,391  13.2%
Load factor  83.4%  83.8%  (0.4) pts
Departures  3,463  3,033  14.2%
Average stage length (miles)  878  884  (0.7%)
       
       
   3Q14  3Q13  Change
Passengers  1,971,917  1,742,962  13.1%
Revenue passenger miles (000)  1,867,660  1,685,208  10.8%
Available seat miles (000)  2,106,214  1,886,698  11.6%
Load factor  88.7%  89.3%  (0.6) pts
Departures  13,607  12,077  12.7%
Average stage length (miles)  902  910  (0.9%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results
 
   Change
Aug 2014 actual year-over-year   
Scheduled revenue per scheduled ASM (PRASM) change  (0.7)%
Aug 2014 actual year-over-year   
Scheduled total revenue per scheduled ASM (TRASM) change  (0.5)%
    
    
Sept 2014 estimated year-over-year PRASM change  (3.6)% to (2.9)%
Sept 2014 estimated year-over-year TRASM change  (0.7)% to (0.3)%
3Q14 estimated year-over-year PRASM change  0.4% to 0.8%
3Q14 estimated year-over-year TRASM change  0.7% to 1.1%
    
   $ per gallon
Sept 2014 estimated average fuel cost per gallon - system  $3.06
Sept 2014 estimated average fuel cost per gallon - scheduled  $3.10
   
  $ per gallon
3Q14 estimated average fuel cost per gallon - system $3.10
3Q14 estimated average fuel cost per gallon - scheduled $3.16
   
Guidance
 
   Year over Year Growth
Capacity guidance, subject to revision   
   Departures  ASMs
Oct 2014      
 Scheduled  +24%  +22%
       
4rd Quarter 2014      
 System  +9 to 13%  +9 to 13%
 Scheduled  +9 to 13%  +9 to 13%
       
1st Quarter 2015      
 System  +3 to 7%  +0 to 4%
 Scheduled  +3 to 7%  +0 to 4%
       

ASMs - Available seat miles


Cost and revenue guidance, subject to revision
    
Cost guidance   
   3rd Quarter 2014
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change  14.9 to 15.3%
Cost per available seat mile excluding fuel and excluding special item (CASM-ex fuel -ex special items) - year over year change  9.4 to 9.8%
    
Fixed fee and other revenue guidance   
   3rd Quarter 2014
Fixed fee revenue and other revenue (millions)  $11.5 to $12.5
   

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. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, Allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for five consecutive years. In 2014, AVIATION WEEK ranked Allegiant the Top-Performing Airline in North America for the third consecutive year. For downloadable press kit, including photos, visit: http://gofly.us/B3V0L.

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://gofly.us/CoCTV.

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 Information

  • Allegiant Media Contact:                                                                 
    Brian Davis                                                                   
    e-mail: mediarelations@allegiantair.com                                          

    Investor Inquiries:
    Chris Allen
    e-mail: ir@allegiantair.com