Loading...
Loading...
LAS VEGAS, NV --(Marketwired - October 06, 2016) - Allegiant Travel Company ALGT today reported preliminary passenger traffic results for September 2016.
Scheduled Service
September 2016 September 2015 Change
--------------- --------------- -----------
Passengers 734,165 530,889 38.3%
Revenue passenger miles (000) 637,019 484,339 31.5%
Available seat miles (000) 769,372 584,822 31.6%
Load factor 82.8% 82.8% (0.0) pts
Departures 5,437 3,859 40.9%
Average stage length (miles) 843 887 (5.0%)
3rd quarter 3rd quarter
2016 2015 Change
--------------- --------------- -----------
Passengers 2,904,295 2,383,556 21.8%
Revenue passenger miles (000) 2,603,849 2,204,760 18.1%
Available seat miles (000) 2,997,529 2,526,292 18.7%
Load factor 86.9% 87.3% (0.4) pts
Departures 20,398 16,563 23.2%
Average stage length (miles) 869 894 (2.8%)
Total System*
September 2016 September 2015 Change
--------------- --------------- -----------
Passengers 752,484 547,529 37.4%
Revenue passenger miles (000) 655,680 499,151 31.4%
Available seat miles (000) 820,962 615,612 33.4%
Load factor 79.9% 81.1% (1.2) pts
Departures 5,840 4,152 40.7%
Average stage length (miles) 836 868 (3.7%)
3rd quarter 3rd quarter
2016 2015 Change
--------------- --------------- -----------
Passengers 2,939,055 2,420,819 21.4%
Revenue passenger miles (000) 2,645,533 2,235,683 18.3%
Available seat miles (000) 3,121,762 2,597,658 20.2%
Load factor 84.7% 86.1% (1.4) pts
Departures 21,384 17,330 23.4%
Average stage length (miles) 864 878 (1.6%)
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change
August 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM)
change (8.1%)
September 2016 estimated year-over-year TRASM change (6.1%) to (5.7%)
3rd quarter 2016 estimated year-over-year TRASM change (7.8%) to (7.4%)
$ per gallon
September 2016 estimated average fuel cost per gallon -
system $1.60
September 2016 estimated average fuel cost per gallon -
scheduled $1.61
$ per gallon
3rd quarter 2016 estimated average fuel cost per gallon
- system $1.57
3rd quarter 2016 estimated average fuel cost per gallon
- scheduled $1.59
Guidance
Capacity guidance, subject to revision
Year over Year Growth
Departures ASMs
----------------------------------------------------------------------------
October 2016
Scheduled +23% +18%
4th Quarter 2016
System +15 to 19% +10 to 14%
Scheduled +15 to 19% +10 to 14%
1st Quarter 2017
System +14 to 18% +10 to 14%
Scheduled +14 to 18% +10 to 14%
ASMs - Available seat miles
Cost and revenue guidance, subject to revision
Cost guidance
3rd Quarter 2016
Cost per available seat mile excluding fuel (CASM-ex
fuel) - year over year change 0.8 to 1.2%
Fixed fee and other revenue guidance
3rd Quarter 2016
Fixed fee revenue and other revenue (millions) $16.5 to $17.5
Allegiant, Travel is our deal.®
About Allegiant
Las Vegas-based Allegiant 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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Allegiant Media Contact:
Hilarie Grey
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Press Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
