LAS VEGAS, April 7, 2015 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for March 2015.
"First quarter costs trended better than expected," stated Scott Sheldon, CFO and senior vice president of Allegiant Travel Company. "Due to the low cost fuel environment and improved availability of pilots, we were able to add more growth in the quarter than we originally expected. In addition, we saw some maintenance events move to later in the year versus what we had planned," concluded Sheldon.
| Scheduled Service | |||
| Mar 2015 | Mar 2014 | Change | |
| Passengers | 930,085 | 850,775 | 9.3% |
| Revenue passenger miles (000) | 908,058 | 864,396 | 5.1% |
| Available seat miles (000) | 1,012,030 | 949,559 | 6.6% |
| Load factor | 89.7% | 91.0% | (1.3) pts |
| Departures | 6,267 | 5,616 | 11.6% |
| Average stage length (miles) | 949 | 987 | (3.9%) |
| 1Q15 | 1Q14 | Change | |
| Passengers | 2,223,073 | 2,045,028 | 8.7% |
| Revenue passenger miles (000) | 2,163,618 | 2,059,188 | 5.1% |
| Available seat miles (000) | 2,457,705 | 2,327,935 | 5.6% |
| Load factor | 88.0% | 88.5% | (0.5) pts |
| Departures | 15,321 | 13,935 | 9.9% |
| Average stage length (miles) | 943 | 977 | (3.5%) |
| Total System* | |||
| Mar 2015 | Mar 2014 | Change | |
| Passengers | 941,830 | 861,110 | 9.4% |
| Revenue passenger miles (000) | 918,701 | 873,097 | 5.2% |
| Available seat miles (000) | 1,035,579 | 967,230 | 7.1% |
| Load factor | 88.7% | 90.3% | (1.6) pts |
| Departures | 6,511 | 5,793 | 12.4% |
| Average stage length (miles) | 936 | 976 | (4.1%) |
| 1Q15 | 1Q14 | Change | |
| Passengers | 2,256,235 | 2,072,720 | 8.9% |
| Revenue passenger miles (000) | 2,191,468 | 2,081,501 | 5.3% |
| Available seat miles (000) | 2,526,031 | 2,381,139 | 6.1% |
| Load factor | 86.8% | 87.4% | (0.6) pts |
| Departures | 15,987 | 14,501 | 10.2% |
| Average stage length (miles) | 929 | 960 | (3.2%) |
| *Total system includes scheduled service and fixed fee contract. | |||
| Preliminary Financial Results | |
| Change | |
| Feb 2015 actual year-over-year | |
| Scheduled revenue per scheduled ASM (PRASM) change | (6.6%) |
| Feb 2015 actual year-over-year | |
| Scheduled total revenue per scheduled ASM (TRASM) change | 0.5% |
| Mar 2015 estimated year-over-year PRASM change | (9.2%) to (8.8%) |
| Mar 2015 estimated year-over-year TRASM change | (2.4%) to (2.0%) |
| 1Q15 estimated year-over-year PRASM change | (7.1%) to (6.7%) |
| 1Q15 estimated year-over-year TRASM change | (0.4%) to 0.0% |
| $ per gallon | |
| Mar 2015 estimated average fuel cost per gallon – system | $1.99 |
| Mar 2015 estimated average fuel cost per gallon – scheduled | $2.01 |
| $ per gallon | |
| 1Q15 estimated average fuel cost per gallon – system | $1.93 |
| 1Q15 estimated average fuel cost per gallon – scheduled | $1.96 |
| Guidance | ||
| Capacity guidance, subject to revision | Year over Year Growth | |
| Departures | ASMs | |
| April 2015 | ||
| Scheduled | +18% | +16% |
| 2nd Quarter 2015 | ||
| System | +16 to 20% | +16 to 20% |
| Scheduled | +16 to 20% | +16 to 20% |
| 3rd Quarter 2015 | ||
| System | +23 to 27% | +21 to 25% |
| Scheduled | +23 to 27% | +21 to 25% |
| ASMs – Available seat miles | ||
| Cost and revenue guidance, subject to revision | |
| Cost guidance | |
| 1st Quarter 2015 | |
| Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change | 4.8 to 5.2% |
| Fixed fee and other revenue guidance | |
| 1st Quarter 2015 | |
| 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/FiYDS.
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://ir.allegiantair.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.