ALLEGIANT TRAVEL COMPANY LAS VEGAS, Oct. 10, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2017 and third quarter 2017.
"In September, Hurricane Irma significantly impacted operations throughout our Florida network," stated Scott Sheldon, EVP, chief financial officer and chief operating officer. "From September 6-12 we cancelled more than 455 flights, which represents over eight percent of our scheduled departures during the month and approximately two percent of planned ASM production during the quarter. Despite the loss in scheduled flying, our TRASM results were minimally impacted. However, the loss in planned ASMs and costs associated with the cancellations added about one percentage point to our CASM ex fuel for the quarter."
Scheduled Service
-----------------
September 2017 September 2016 Change
-------------- -------------- ------
Passengers 658,654 734,165 (10.3%)
Revenue
passenger
miles (000) 576,357 637,019 (9.5%)
Available seat
miles (000) 730,573 769,372 (5.0%)
Load factor 78.9% 82.8% (3.9) pts
Departures 5,107 5,437 (6.1%)
Average stage
length (miles) 848 843 0.6%
3rd quarter 2017 3rd quarter 2016 Change
---------------- ---------------- ------
Passengers 2,998,476 2,904,295 3.2%
Revenue
passenger
miles (000) 2,618,446 2,603,849 0.6%
Available seat
miles (000) 3,073,360 2,997,529 2.5%
Load factor 85.2% 86.9% (1.7) pts
Departures 21,498 20,398 5.4%
Average stage
length (miles) 849 869 (2.3%)
Total System*
------------
September 2017 September 2016 Change
-------------- -------------- ------
Passengers 684,318 752,484 (9.1%)
Revenue
passenger
miles (000) 600,735 655,680 (8.4%)
Available seat
miles (000) 799,262 820,962 (2.6%)
Load factor 75.2% 79.9% (4.7) pts
Departures 5,696 5,840 (2.5%)
Average stage
length (miles) 832 836 (0.5%)
3rd quarter 2017 3rd quarter 2016 Change
---------------- ---------------- ------
Passengers 3,045,642 2,939,055 3.6%
Revenue
passenger
miles (000) 2,672,963 2,645,533 1.0%
Available seat
miles (000) 3,220,246 3,121,762 3.2%
Load factor 83.0% 84.7% (1.7) pts
Departures 22,723 21,384 6.3%
Average stage
length (miles) 842 864 (2.5%)
*Total system includes
scheduled service and fixed
fee contract.
Preliminary Financial Results
-----------------------------
$ per gallon
September 2017 estimated
average fuel cost per
gallon - system $2.03
$ per gallon
3rd quarter 2017 estimated
average fuel cost per
gallon - system $1.81
Guidance
--------
Capacity guidance, subject Year over Year
to revision Growth
--------------------------
Departures ASMs
---------- ----
October 2017
Scheduled +14% +15%
4th Quarter 2017
System +7 to 11% +9 to 13%
Scheduled +7 to 11% +9 to 13%
1st Quarter 2018
System +8 to 12% +10 to 14%
Scheduled +8 to 12% +10 to 14%
ASMs - Available seat miles
Quarterly guidance, subject to revision
---------------------------------------
3rd quarter 2017
----------------
Current TRASM guidance 0.3 to 0.7%
Previous TRASM guidance -
July 26, 2017 (0.5) to 1.5%
Cost per available seat
mile excluding fuel
(CASM-ex fuel) - year
over year change 16.7 to 17.1%
Previous CASM-ex fuel
guidance - July 26, 2017 16 to 18%
Fixed fee revenue and
other revenue (millions) $22.0 to $22.5
Previous fixed fee and
other revenue guidance -
July 26, 2017 $17 to $19
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 and rental cars. 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 more than 85 aircraft and 350 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
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: Investor Inquiries:
Hilarie Grey Chris Allen
e-mail: mediarelations@allegiantair.com e-mail: ir@allegiantair.com
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SOURCE Allegiant Travel Company
