Allegiant Reports September 2016 Traffic
/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - October 06, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2016.
Scheduled Service
September 2016 September 2015 Change --------------- --------------- ----------- Passengers 734,165 530,889 38.3% Revenue passenger miles (000) 637,019 484,339 31.5% Available seat miles (000) 769,372 584,822 31.6% Load factor 82.8% 82.8% (0.0) pts Departures 5,437 3,859 40.9% Average stage length (miles) 843 887 (5.0%)
3rd quarter 3rd quarter 2016 2015 Change --------------- --------------- ----------- Passengers 2,904,295 2,383,556 21.8% Revenue passenger miles (000) 2,603,849 2,204,760 18.1% Available seat miles (000) 2,997,529 2,526,292 18.7% Load factor 86.9% 87.3% (0.4) pts Departures 20,398 16,563 23.2% Average stage length (miles) 869 894 (2.8%)
Total System*
September 2016 September 2015 Change --------------- --------------- ----------- Passengers 752,484 547,529 37.4% Revenue passenger miles (000) 655,680 499,151 31.4% Available seat miles (000) 820,962 615,612 33.4% Load factor 79.9% 81.1% (1.2) pts Departures 5,840 4,152 40.7% Average stage length (miles) 836 868 (3.7%)
3rd quarter 3rd quarter 2016 2015 Change --------------- --------------- ----------- Passengers 2,939,055 2,420,819 21.4% Revenue passenger miles (000) 2,645,533 2,235,683 18.3% Available seat miles (000) 3,121,762 2,597,658 20.2% Load factor 84.7% 86.1% (1.4) pts Departures 21,384 17,330 23.4% Average stage length (miles) 864 878 (1.6%)
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change August 2016 actual year-over-year Scheduled total revenue per scheduled ASM (TRASM) change (8.1%) September 2016 estimated year-over-year TRASM change (6.1%) to (5.7%) 3rd quarter 2016 estimated year-over-year TRASM change (7.8%) to (7.4%) $ per gallon September 2016 estimated average fuel cost per gallon - system $1.60 September 2016 estimated average fuel cost per gallon - scheduled $1.61 $ per gallon 3rd quarter 2016 estimated average fuel cost per gallon - system $1.57 3rd quarter 2016 estimated average fuel cost per gallon - scheduled $1.59
Guidance
Capacity guidance, subject to revision
Year over Year Growth Departures ASMs ---------------------------------------------------------------------------- October 2016 Scheduled +23% +18% 4th Quarter 2016 System +15 to 19% +10 to 14% Scheduled +15 to 19% +10 to 14% 1st Quarter 2017 System +14 to 18% +10 to 14% Scheduled +14 to 18% +10 to 14%
ASMs - Available seat miles
Cost and revenue guidance, subject to revision
Cost guidance 3rd Quarter 2016 Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change 0.8 to 1.2% Fixed fee and other revenue guidance 3rd Quarter 2016 Fixed fee revenue and other revenue (millions) $16.5 to $17.5
Allegiant, Travel is our deal.®
About Allegiant
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.
ALGT/G
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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.
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Allegiant Media Contact:
Hilarie Grey
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com