Allegiant Reports October 2015 Traffic
/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - November 05, 2015) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2015.
Scheduled Service Oct. 2015 Oct. 2014 Change --------------- -------------- -------------- Passengers 724,562 588,853 23.0% Revenue passenger miles (000) 669,662 546,761 22.5% Available seat miles (000) 800,620 622,235 28.7% Load factor 83.6% 87.9% (4.3) pts Departures 5,194 4,049 28.3% Average stage length (miles) 903 901 0.2%
Total System* Oct. 2015 Oct. 2014 Change --------------- -------------- -------------- Passengers 743,443 607,468 22.4% Revenue passenger miles (000) 686,105 560,582 22.4% Available seat miles (000) 834,726 652,983 27.8% Load factor 82.2% 85.8% (3.6) pts Departures 5,516 4,365 26.4% Average stage length (miles) 886 878 0.9%
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results Change Sep. 2015 actual year-over-year Scheduled total revenue per scheduled ASM (TRASM) change (7.4%) Oct. 2015 estimated year-over-year TRASM change (11.4%) to (11.0%) $ per gallon Oct. 2015 estimated average fuel cost per gallon - system $1.72 Oct. 2015 estimated average fuel cost per gallon - scheduled $1.72
Guidance Capacity guidance, subject to revision Year over Year Growth Departures ASMs Nov. 2015 Scheduled +26% +26% 4th Quarter 2015 System +22 to 26% +22 to 26% Scheduled +22 to 26% +22 to 26% 1st Quarter 2016 System +14 to 18% +15 to 19% Scheduled +14 to 18% +15 to 19%
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 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/PBqgm.
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.
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:
Jessica Wheeler
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com
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