LAS VEGAS, Dec. 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for November 2011.
| Scheduled Service | |||
| Nov. 2011 | Nov. 2010 | Change | |
| Passengers | 443,427 | 416,761 | 6.4% |
| Revenue passenger miles (000) | 405,465 | 381,883 | 6.2% |
| Available seat miles (000) | 452,066 | 424,003 | 6.6% |
| Load factor | 89.7% | 90.1% | (0.4) pts |
| Departures | 3,309 | 3,127 | 5.8% |
| Average stage length (miles) | 895 | 904 | (1.0)% |
| Total System* | |||
| Nov. 2011 | Nov. 2010 | Change | |
| Passengers | 482,081 | 443,237 | 8.8% |
| Revenue passenger miles (000) | 436,989 | 404,747 | 8.0% |
| Available seat miles (000) | 508,062 | 468,292 | 8.5% |
| Load factor | 86.0% | 86.4% | (0.4) pts |
| Departures | 3,969 | 3,637 | 9.1% |
| Average stage length (miles) | 845 | 865 | (2.3)% |
| *Total system includes scheduled service, fixed fee contract and non-revenue flying. | |||
| Preliminary Financial Results | |
| Change | |
| October 2011 actual year-over-year | |
| Scheduled revenue per scheduled ASM (PRASM) change | 17.4% |
| October 2011 actual year-over-year | |
| Scheduled total revenue per scheduled ASM (TRASM) change | 14.2% |
| November 2011 estimated year-over-year PRASM change | 10.7% to 11.1% |
| November 2011 estimated year-over-year TRASM change | 8.5% to 8.9% |
| $ per gallon | |
| November 2011 estimated average fuel cost per gallon – system | $3.10 |
| November 2011 estimated average fuel cost per gallon – scheduled | $3.38 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| December 2011 | ||
| Scheduled | 4% | 10% |
| 4rd Quarter 2011 | ||
| System | +8 to 10% | +8 to 10% |
| Scheduled | +4 to 6% | +7 to 9% |
| 1st Quarter 2012 | ||
| System | +10 to 14% | +16 to 20% |
| Scheduled | +13 to 17% | +18 to 22% |
| ASMs – Available seat miles | ||
Allegiant, travel is our deal.
Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) has posted 35 consecutive quarters of profitability. The company is focused on linking travelers in small cities to world-class leisure destinations such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel, hotel rooms, rental cars and other travel-related services. In 2011 and 2010 Allegiant ranked 64 and 25, respectively, on FORTUNE magazine's Fastest-Growing Companies list. The company ranked ninth in Forbes' Best Small Companies in 2011, second in 2009 and 33rd in 2010. Allegiant was ranked number one in 2010 for low-cost carriers in Aviation Week's Top Performing Airline study. Receive breaking news from Allegiant by visiting Allegiant's Facebook Fan Page at www.facebook.com/Allegiant or follow Allegiant on Twitter at twitter.com/allegianttravel. ALGT/G
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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.