ALLEGIANT REPORTS SEPTEMBER 2014 TRAFFIC
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
Capacity guidance, subject to revision | Year over Year Growth | |
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.
Allegiant Media Contact: | Investor Inquiries: | |
Brian Davis | Chris Allen | |
e-mail: mediarelations@allegiantair.com | e-mail:ir@allegiantair.com |