Allegiant Reports March 2016 Traffic
/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - April 06, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2016.
Scheduled Service
March 2016 March 2015 Change
------------ ------------ ------------
Passengers 1,043,333 930,085 12.2%
Revenue passenger miles (000) 1,010,390 908,058 11.3%
Available seat miles (000) 1,142,024 1,012,030 12.8%
Load factor 88.5% 89.7% (1.2) pts
Departures 7,136 6,267 13.9%
Average stage length (miles) 947 949 (0.2%)
Q1 2016 Q1 2015 Change
------------ ------------ ------------
Passengers 2,567,309 2,223,703 15.5%
Revenue passenger miles (000) 2,483,553 2,163,618 14.8%
Available seat miles (000) 2,897,951 2,457,705 17.9%
Load factor 85.7% 88.0% (2.3) pts
Departures 18,175 15,321 18.6%
Average stage length (miles) 940 943 (0.3%)
Total System*
March 2016 March 2015 Change
------------ ------------ ------------
Passengers 1,052,645 941,830 11.8%
Revenue passenger miles (000) 1,023,248 918,701 11.4%
Available seat miles (000) 1,183,356 1,035,579 14.3%
Load factor 86.5% 88.7% (2.2) pts
Departures 7,445 6,511 14.3%
Average stage length (miles) 940 936 0.4%
Q1 2016 Q1 2015 Change
------------ ------------ ------------
Passengers 2,592,907 2,256,235 14.9%
Revenue passenger miles (000) 2,520,149 2,191,468 15.0%
Available seat miles (000) 3,001,384 2,526,031 18.8%
Load factor 84.0% 86.8% (2.8) pts
Departures 18,918 15,987 18.3%
Average stage length (miles) 935 929 0.6%
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change
February 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM)
change (12.3%)
March 2016 estimated year-over-year TRASM change (7.2%) to (6.8%)
Q1 2016 estimated year-over-year TRASM change (10.9%) to (10.5%)
$ per gallon
March 2016 estimated average fuel cost per gallon -
system $1.34
March 2016 estimated average fuel cost per gallon -
scheduled $1.34
$ per gallon
Q1 2016 estimated average fuel cost per gallon -
system $1.29
Q1 2016 estimated average fuel cost per gallon -
scheduled $1.29
Guidance
Capacity guidance, subject to revision Year over Year Growth
-----------------------------------------------
Departures ASMs
--------------------------------------------------------------------------
April 2016
Scheduled +11% +11%
2nd Quarter 2016
System +14 to 18% +13 to 17%
Scheduled +14 to 18% +13 to 17%
3rd Quarter 2016
System +18 to 22% +15 to 19%
Scheduled +18 to 22% +15 to 19%
ASMs - Available seat miles
Cost and revenue guidance, subject to revision
--------------------------------------------------------
Cost guidance
1st Quarter 2016
Cost per available seat mile excluding fuel (CASM-ex
fuel) - year over year change (3.4) to (3.0%)
Fixed fee and other revenue guidance
1st Quarter 2016
Fixed fee revenue and other revenue (millions) $14.0 to $15.0
Allegiant, Travel is our deal.
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 airfares less than half the cost of average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/YFuyb.
The following files are available for download:
Contact information
Media Inquiries:
Allegiant Media Relations
email: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com
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