ALLEGIANT REPORTS AUGUST 2014 TRAFFIC
Las Vegas. (Sep 4, 2014) — Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2014.
Scheduled Service
| Aug 2014 | Aug 2013 | Change | |
| Passengers | 657,307 | 560,516 | 17.3% |
| Revenue passenger miles (000) | 623,677 | 542,771 | 14.9% |
| Available seat miles (000) | 688,798 | 590,812 | 16.6% |
| Load factor | 90.5% | 91.9% | (1.4) pts |
| Departures | 4,367 | 3,683 | 18.6% |
| Average stage length (miles) | 919 | 934 | (1.6%) |
Total System*
| Aug 2014 | Aug 2013 | Change | |
| Passengers | 666,410 | 571,146 | 16.7% |
| Revenue passenger miles (000) | 630,519 | 550,765 | 14.5% |
| Available seat miles (000) | 708,872 | 608,314 | 16.5% |
| Load factor | 88.9% | 90.5% | (1.6) pts |
| Departures | 4,585 | 3,883 | 18.1% |
| Average stage length (miles) | 902 | 914 | (1.4%) |
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
| Change | |
| July 2014 actual year-over-year | |
| Scheduled revenue per scheduled ASM (PRASM) change | 3.7% |
| July 2014 actual year-over-year | |
| Scheduled total revenue per scheduled ASM (TRASM) change | 3.1% |
| Aug 2014 estimated year-over-year PRASM change | (1.1)% to (0.7)% |
| Aug 2014 estimated year-over-year TRASM change | (0.9)% to (0.5)% |
| $ per gallon | |
| Aug 2014 estimated average fuel cost per gallon – system | $3.12 |
| Aug 2014 estimated average fuel cost per gallon – scheduled | $3.16 |
Guidance
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| September 2014 | ||
| Scheduled | +10% | +10% |
| 3rd Quarter 2014 | ||
| System | +11 to 13% | +10 to 12% |
| Scheduled | +11 to 13% | +10 to 12% |
| 4th Quarter 2014 | ||
| System | +9 to 13% | +8 to 12% |
| Scheduled | +9 to 13% | +8 to 12% |
ASMs – Available seat miles
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/B6R50
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.
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Allegiant Media Contact:
Jessica Wheeler
Email: mediarelations@allegiantair.com
Investor Inquiries
Chris Allen
Email: ir@allegiantair.com
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/xG7se.