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Allegiant Reports February 2011 Traffic

Stocks in this article: ALGT

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

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