LAS VEGAS, NV
-- (Marketwired)
-- 10/07/14
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)%
(3.6)% to
Sept 2014 estimated year-over-year PRASM change (2.9)%
(0.7)% to
Sept 2014 estimated year-over-year TRASM change (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 9.4 to 9.8%
year change
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.
Allegiant Media Contact:
Brian Davis
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com
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