This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Allegiant Reports February 2011 Traffic

LAS VEGAS, March 4, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT), today reported preliminary passenger traffic results for February 2011.

  Scheduled Service    
       
  Feb. 2011 Feb. 2010 Change
Passengers 414,222 406,690 1.9%
Revenue passenger miles (000) 388,829 393,891 (1.3)%
Available seat miles (000) 418,161 431,178 (3.0)%
Load factor 93.0% 91.4% 1.6 pts
Departures 3,046 3,029 0.6%
Average stage length (miles) 915 949 (3.6)%
       
  Total System*    
       
  Feb. 2011 Feb. 2010 Change
Passengers 445,476 432,292 3.0%
Revenue passenger miles (000) 416,879 414,244 0.6%
Available seat miles (000) 466,298 469,779 (0.7)%
Load factor 89.4% 88.2% 1.2 pts
Departures 3,570 3,545 0.7%
Average stage length (miles) 874 891 (1.9)%
 
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
 
Preliminary Financial Results
   
  Change
January 2011 actual year-over-year   
scheduled revenue per ASM (RASM) change 5.5%
January 2011 actual year-over-year   
scheduled total revenue per ASM (TRASM) change 3.0%
   
February 2011 estimated year-over-year RASM change 13.7 – 14.1%
February 2011 estimated year-over-year TRASM change 12.2 – 12.6%
   
February 2011 estimated average fuel cost per gallon – system $2.73
February 2011 estimated average fuel cost per gallon – scheduled  $3.03
 
Capacity Guidance
     
Guidance, subject to revision Year over Year Growth Departures ASMs
March 1, 2011    
Scheduled 1% 1%
     
1 st Quarter 2011    
System +2 to 4% +2 to 4%
Scheduled +3 to 5% +2 to 4%
     
2 nd Quarter 2011    
System (2) to +2% (2) to +2%
Scheduled (3) to +1% (4) to 0%
     
ASMs – Available seat miles    
 
Unit Revenue Guidance
   
Guidance, subject to revision  
  Year over Year Growth
1 st Quarter 2011 estimated RASM change +9 to 11%
1 st Quarter 2011 estimated TRASM change +8 to 10%

About the Company

Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list. ALGT/G

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs