Allegiant Travel Company : ALLEGIANT REPORTS MAY 2012 TRAFFIC
06/06/2012| 06:16am US/Eastern
Recommend:
LAS VEGAS, June 6, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel
Company (Nasdaq:ALGT) today reported preliminary passenger
traffic results for May 2012.
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Scheduled Service
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May 2012
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May 2011
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Change
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Passengers
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514,809
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433,329
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18.8%
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Revenue passenger miles (000)
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469,342
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387,091
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21.2%
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Available seat miles (000)
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526,069
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420,002
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25.3%
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Load factor
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89.2%
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92.2%
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(3.0)pts
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Departures
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3,721
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3,206
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16.1%
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Average stage length (miles)
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891
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873
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2.1%
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Total System*
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May 2012
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May 2011
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Change
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Passengers
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548,904
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464,983
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18.0%
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Revenue passenger miles (000)
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494,884
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411,038
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20.4%
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Available seat miles (000)
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566,752
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466,664
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21.4%
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Load factor
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87.3%
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88.1%
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(0.8)pts
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Departures
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4,241
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3,785
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12.0%
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Average stage length (miles)
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848
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825
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2.8%
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*Total system includes scheduled service, fixed fee
contract and non-revenue flying.
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Preliminary Financial Results
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Change
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April 2012 actual year-over-year
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Scheduled revenue per scheduled ASM (PRASM) change
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(4.1)%
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April 2012 actual year-over-year
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Scheduled total revenue per scheduled ASM (TRASM) change
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(3.5)%
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May 2012 estimated year-over-year PRASM change
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(10.8)% to (10.4)%
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May 2012 estimated year-over-year TRASM change
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(7.9)% to (7.5)%
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$ per gallon
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April 2012 estimated average fuel cost per gallon -
system
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$3.18
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April 2012 estimated average fuel cost per gallon -
scheduled
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$3.39
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Guidance
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Capacity guidance, subject to revision
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Year over Year Growth
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Departures
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ASMs
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June 2012
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Scheduled
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1%
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9%
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2nd Quarter 2012
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System
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+9 to 11%
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+17 to 19%
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Scheduled
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+11 to 13%
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+19 to 21%
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3rd Quarter 2012
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System
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+2 to 6%
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+14 to 18%
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Scheduled
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+3 to 7%
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+15 to 19%
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ASMs - Available seat miles
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Cost and revenue guidance, subject to revision
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Cost guidance
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2nd Quarter 2012
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Cost per available seat mile excluding fuel (CASM-ex
fuel) - year over year growth
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(11) to (9)%
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Revenue Guidance
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2nd Quarter 2012
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Estimated PRASM year-over-year change
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(7) to (5)%
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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. Through its subsidiary, Allegiant Air,
the company operates a low-cost, high-efficiency, all-jet
passenger airline, and offers other travel-related products
such as hotel rooms, rental cars, and attraction tickets
through its website, allegiant.com. The company was
ranked ninth in the 2011 Forbes' Best Small Companies.
Allegiant was also recently named one of FORTUNE
magazine's "100 Fastest-Growing Companies" for
the second consecutive year.
The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305
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.
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.
CONTACT: Allegiant Media Contact:
Brian Davis
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail:ir@allegiantair.com
Source: Allegiant Travel Company
News Provided by Acquire Media
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