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Allegiant Reports August 2012 Traffic

LAS VEGAS, Sept. 10, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for August 2012.

         
  Scheduled Service    
         
  Aug 2012 Aug 2011 Change  
Passengers 547,144 478,518 14.3%  
Revenue passenger miles (000) 516,848 439,408 17.6%  
Available seat miles (000) 570,356 476,227 19.8%  
Load factor 90.6% 92.3% (1.7)pts  
Departures 3,827 3,493 9.6%  
Average stage length (miles) 911 901 1.1%  
         
  Total System*    
         
  Aug 2012 Aug 2011 Change  
Passengers 588,506 507,712 15.9%  
Revenue passenger miles (000) 543,468 462,146 17.6%  
Available seat miles (000) 622,143 514,770 20.9%  
Load factor 87.4% 89.8% (2.4)pts  
Departures 4,472 4,004 11.7%  
Average stage length (miles) 855 854 0.1%  
         
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
         
Preliminary Financial Results  
  Change
July 2012 actual year-over-year  
 Scheduled revenue per scheduled ASM (PRASM) change (1.4)%
July 2012 actual year-over-year  
 Scheduled total revenue per scheduled ASM (TRASM) change 2.9%
   
August 2012 estimated year-over-year PRASM change  (8.9)% to (8.5)%
 August 2012 estimated year-over-year TRASM change (2.6)% to (2.2)%
   
  $ per gallon
August 2012 estimated average fuel cost per gallon – system $3.15
August 2012 estimated average fuel cost per gallon – scheduled $3.36
 
Guidance
Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
September 2012    
 Scheduled 7% 22%
     
3 rd Quarter 2012    
 System +3 to 5% +13 to 15%
 Scheduled +3 to 5% +14 to 16%
     
4 th Quarter 2012    
 System +5 to 9% +19 to 23%
 Scheduled +6 to 10% +22 to 26%
     
ASMs – Available seat miles    

Allegiant, travel is our deal.

Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) is focused on linking travelers in small cities to world-class leisure destinations. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company was ranked ninth in the 2011 Forbes' Best Small Companies. Allegiant was also recently named one of FORTUNE magazine's "100 Fastest-Growing Companies" for the second consecutive year.

Stock quotes in this article: ALGT 

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