Allegiant Reports November 2013 Traffic

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Las Vegas. December 9, 2013 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2013.  

"November revenue met our forecast," said Andrew Levy, President and COO of Allegiant Travel Co.  "We remain confident in our previously guided fourth quarter PRASM range of +3 percent to +5 percent and our fourth quarter TRASM range of +0.5 percent to +2.5 percent.  We continue to work diligently to place our A320 aircraft on our operating certificate and into our in-service fleet.  The expenses associated with this delay have been higher than initially anticipated and, as such, our fourth quarter CASM ex fuel guidance is now estimated to be between +6.5 and +7.5 percent on a year over year basis.  Full year CASM ex fuel guidance is now forecast to rise on a year over year basis between 5 and 5.5 percent."

Scheduled Service

Nov 2013 Nov 2012 Change
Passengers 544,964 524,213  4.0%
Revenue passenger miles (000) 527,665 498,687  5.8%
Available seat miles (000) 624,727 581,830  7.4%
Load factor 84.5% 85.7%  (1.2)pts
Departures 3,903 3,755  3.9%
Average stage length (miles) 943 925  1.9%

Total System*

Nov 2013 Nov 2012 Change
Passengers 557,886 558,466 (0.1%)
Revenue passenger miles (000) 538,333 525,703  2.4%
Available seat miles (000) 647,875 633,997  2.2%
Load factor 83.1% 82.9%  0.2pts
Departures 4,128 4,373 (5.6%)
Average stage length (miles) 926 874  5.9%

                                                                               
                *Total system includes scheduled service, fixed fee contract and non-revenue flying.

Preliminary Financial Results

 

Change
October 2013 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change                       6.3%
October 2013 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change                       4.1%
November 2013 estimated year-over-year PRASM change                                            (6.8)% to (6.4)%
November 2013 estimated year-over-year TRASM change        (5.9)% to (5.5)%
$ per gallon
November 2013 estimated average fuel cost per gallon - system $3.10
November 2013 estimated average fuel cost per gallon - scheduled $3.15

Guidance

Capacity guidance, subject to revision Year over Year Change
Departures ASMs
December 2013
  Scheduled 13% 15%
4th Quarter 2013
  System (4) to 0% +4 to 8%
  Scheduled 2 to 6% +8 to 12%
1st Quarter 2014
  System    8 to 12% +10 to 14%
  Scheduled 8 to 12% +10 to 14%

ASMs - Available seat miles

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 four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.
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.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.

News Source : Allegiant Reports November 2013 Traffic
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