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Allegiant Reports December 2010 Traffic

LAS VEGAS, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for December 2010.

Scheduled Service
       
  Dec. 2010 Dec. 2009 Change
Passengers 492,841 429,993 14.6%
Revenue passenger miles (000) 456,820 406,238 12.5%
Available seat miles (000) 510,448 448,398 13.8%
Load factor 89.50% 90.60% (1.1) pts
Departures 3,742 3,232 15.8%
Average stage length (miles) 909 925 (1.7)%
       
  4Q10 4Q09 Change
Passengers 1,295,703 1,124,449 15.2%
Revenue passenger miles (000) 1,190,960 1,053,077 13.1%
Available seat miles (000) 1,325,364 1,167,214 13.5%
Load factor 89.90% 90.20% (0.3) pts
Departures 9,774 8,470 15.4%
Average stage length (miles) 904 919 (1.6)%
       
  YTD 2010 YTD 2009 Change
Passengers 5,609,852 4,919,826 14.0%
Revenue passenger miles (000) 5,211,663 4,477,119 16.4%
Available seat miles (000) 5,742,014 4,950,954 16.0%
Load factor 90.8% 90.4% 0.4 pts
Departures 41,995 37,115 13.10%
Average stage length (miles) 912 891 2.4%

 

Total System*
       
  Dec. 2010 Dec. 2009 Change
Passengers 506,848 452,533 12.0%
Revenue passenger miles (000) 468,655 422,947 10.8%
Available seat miles (000) 539,303 480,943 12.1%
Load factor 86.90% 87.90% (1.0) pts
Departures 4,099 3,663 11.9%
Average stage length (miles) 880 879 0.1%
       
  4Q10 4Q09 Change
Passengers 1,363,779 1,220,275 11.8%
Revenue passenger miles (000) 1,248,333 1,124,642 11.0%
Available seat miles (000) 1,441,801 1,297,333 11.1%
Load factor 86.6% 86.7% (0.1) pts
Departures 11,161 10,129 10.2%
Average stage length (miles) 867 859 0.9%
       
       
  YTD 2010 YTD 2009 Change
Passengers 5,903,184 5,328,436 10.8%
Revenue passenger miles (000) 5,466,237 4,762,410 14.8%
Available seat miles (000) 6,246,544 5,449,363 14.6%
Load factor 87.5% 87.4% 0.1 pts
Departures 47,986 43,795 9.6%
Average stage length (miles) 874 836 4.5%
       
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
 
 
Preliminary Financial Results
   
  Change
   
November 2010 actual year-over-year scheduled revenue per ASM (RASM) change 10.6%
   
November 2010 actual year-over year scheduled total revenue per ASM (TRASM) change 8.9%
   
December 2010 estimated year-over-year RASM change 7.5 – 7.9%
December 2010 estimated year-over-year TRASM change 8.9 – 9.3%
   
December 2010 estimated average fuel cost per gallon – system $2.66
December 2010 estimated average fuel cost per gallon – scheduled  $2.71
   
4Q10 estimated year-over-year RASM change  9.1 – 9.5%
4Q10 estimated year-over-year TRASM change  9.0 – 9.4%
   
4Q10 estimated average fuel cost per gallon – system $2.51
4Q10 estimated average fuel cost per gallon – scheduled  $2.62
   
RASM = Scheduled service revenue / scheduled service available seat miles
TRASM = Scheduled service revenue + total ancillary revenue / scheduled service available seat miles
 
 
Guidance 
     
Capacity guidance    
  Year over Year Growth  
  Departures ASMs
January 1, 2011    
Scheduled +12% +11%
     
1 st Quarter 2011    
System +4 - 7% +3 - 5%
Scheduled +4 - 7% +3 - 5%
     
2 nd Quarter 2011    
System +5 - 9% +4 - 8%
Scheduled +5 - 9% +4 - 8%
     
Cost guidance    
    4 th Quarter 2010
Cost per passenger - excluding fuel $58 - $59
   
Fixed fee and other revenue guidance  
  4 th Quarter 2010
Fixed fee revenue and other revenue (millions) $10.1 -$10.6
     
Guidance subject to revision    

The company's cost per passenger guidance is slightly higher than previously projected due to having carried fewer passengers than expected as a result of irregular operations caused by the severe weather in late December in addition to unscheduled engine maintenance expenses.

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