Allegiant Reports November 2013 Traffic

Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2013.

„November revenue met our forecast,” said Andrew Levy, President and COO of Allegiant Travel Co.  „We remain confident in our previously guided fourth quarter PRASM range of +3 percent to +5 percent and our fourth quarter TRASM range of +0.5 percent to +2.5 percent.  We continue to work diligently to place our A320 aircraft on our operating certificate and into our in-service fleet.  The expenses associated with this delay have been higher than initially anticipated and, as such, our fourth quarter CASM ex fuel guidance is now estimated to be between +6.5 and +7.5 percent on a year over year basis.  Full year CASM ex fuel guidance is now forecast to rise on a year over year basis between 5 and 5.5 percent.”

Scheduled Service

Nov 2013 Nov 2012 Change
Passengers 544,964 524,213  4.0%
Revenue passenger miles (000) 527,665 498,687  5.8%
Available seat miles (000) 624,727 581,830  7.4%
Load factor 84.5% 85.7%  (1.2)pts
Departures 3,903 3,755  3.9%
Average stage length (miles) 943 925  1.9%

Total System*

Nov 2013 Nov 2012 Change
Passengers 557,886 558,466 (0.1%)
Revenue passenger miles (000) 538,333 525,703  2.4%
Available seat miles (000) 647,875 633,997  2.2%
Load factor 83.1% 82.9%  0.2pts
Departures 4,128 4,373 (5.6%)
Average stage length (miles) 926 874  5.9%

*Total system includes scheduled service, fixed fee contract and non-revenue flying.

Preliminary Financial Results

 

Change
October 2013 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change                       6.3%
October 2013 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change                       4.1%
November 2013 estimated year-over-year PRASM change        (6.8)% to (6.4)%
November 2013 estimated year-over-year TRASM change        (5.9)% to (5.5)%
$ per gallon
November 2013 estimated average fuel cost per gallon – system $3.10
November 2013 estimated average fuel cost per gallon – scheduled $3.15

Guidance

Capacity guidance, subject to revision Year over Year Change
Departures ASMs
December 2013
  Scheduled 13% 15%
4th Quarter 2013
  System (4) to 0% +4 to 8%
  Scheduled 2 to 6% +8 to 12%
1st Quarter 2014
  System    8 to 12% +10 to 14%
  Scheduled 8 to 12% +10 to 14%

ASMs – Available seat miles

Source / Author: Allegiant