LAS VEGAS, NV --(Marketwired - December 04, 2015) - Allegiant Travel Company (
"Our November TRASM underperformed our expectation that was set in October," stated Jude Bricker, Senior Vice President of Planning. "While peak demand is holding firm, the significant amount of off peak flying in the beginning of December is causing us to lower our fourth quarter TRASM forecast to between negative 11 percent and negative 10 percent. This is down from our previous forecast of negative 10.5 percent to negative 8.5 percent."
Scheduled Service
| November 2015 | November 2014 | Change | ||||
| Passengers | 756,443 | 616,038 | 22.8 | % | ||
| Revenue passenger miles (000) | 705,192 | 579,487 | 21.7 | % | ||
| Available seat miles (000) | 854,920 | 676,756 | 26.3 | % | ||
| Load factor | 82.5 | % | 85.6 | % | (3.1) pts | |
| Departures | 5,514 | 4,330 | 27.3 | % | ||
| Average stage length (miles) | 912 | 917 | (0.5 | )% |
Total System *
| November 2015 | November 2014 | Change | ||||
| Passengers | 772,567 | 631,183 | 22.4 | % | ||
| Revenue passenger miles (000) | 719,464 | 593,400 | 21.2 | % | ||
| Available seat miles (000) | 887,178 | 702,993 | 26.2 | % | ||
| Load factor | 81.1 | % | 84.4 | % | (3.3) pts | |
| Departures | 5,837 | 4,566 | 27.8 | % | ||
| Average stage length (miles) | 894 | 903 | (1.0 | )% |
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
| Change | ||
| October 2015 actual year-over-year | ||
| Scheduled total revenue per scheduled ASM (TRASM) change | (11.0%) | |
| November 2015 estimated year-over-year TRASM change | (8.1%) to (7.7%) | |
| $ per gallon | ||
| November 2015 estimated average fuel cost per gallon - system | $1.65 | |
| November 2015 estimated average fuel cost per gallon - scheduled | $1.66 |
Guidance
| Capacity guidance, subject to revision | Year over Year Growth | ||
| Departures | ASMs | ||
| December 2015 | |||
| Scheduled | +19% | +21% | |
| 4th Quarter 2015 | |||
| System | +24 to 26% | +24 to 26% | |
| Scheduled | +24 to 26% | +24 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 (
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.
Allegiant Media Contact: Jessica Wheeler e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail: ir@allegiantair.com
