2013-03-06 01:32:12 -
ALLEGIANT REPORTS FEBRUARY 2013 TRAFFIC AND
COMPLETION OF THE 166 SEAT PROJECT
Las Vegas. (March 05, 2013) Allegiant Travel Company (NASDAQ: ALGT) - today
reported preliminary passenger traffic results for February 2013. It is also
reporting that it completed the project of converting 51 MD-80 aircraft from
150 seats to 166 seats in the month of February.
"This project was a significant investment into our MD-80s and subsequently the
profitability of the company," said Andrew C. Levy, Allegiant President. "The
overall project came in under budget and on average we lost 100 pounds per
aircraft after the addition of the sixteen seats. We have also seen that the
incremental cost per customer for the additional seats has trended below the
amount of total ancillary revenue we received per passenger in January 2013.
The MD-80 is a key component to the success of our company and we expect to
utilize these assets long into the foreseeable future."
Scheduled Service
Feb 2013 Feb 2012 Change
Passengers 541,413 500,590 8.2%
Revenue passenger miles (000) 551,788 478,217 15.4%
Available seat miles (000) 615,327 528,379 16.5%
Load factor 89.7% 90.5% (0.8)pts
Departures 3,641 3,661 (0.5)%
Average stage length (miles) 984 932 5.6%
Total System*
Feb 2013 Feb 2012 Change
Passengers 552,109 532,664 3.7%
Revenue passenger miles (000) 560,833 503,312 11.4%
Available seat miles (000) 637,949 572,320 11.5%
Load factor 87.9% 87.9% -
Departures 3,871 4,203 (7.9)%
Average stage length (miles) 961 883 8.8%
*Total system includes scheduled service, fixed fee contract and
non-revenue flying.
Preliminary Financial Results
Change
January 2013 actual year-over-year
Scheduled revenue per scheduled ASM (PRASM) change (10.6)%
January 2013 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (3.3)%
February 2013 estimated year-over-year PRASM change (6.9)% to (6.5)%
February 2013 estimated year-over-year TRASM change 0.0% to 0.4%
$ per gallon
February 2013 estimated average fuel cost per gallon - system $3.59
February 2013 estimated average fuel cost per gallon - $3.54
scheduled
Guidance
Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
-------------------------------------------------------------------
March 2013
Scheduled (1)% 16%
1(st) Quarter 2013
System (7) to (5)% +12 to 14%
Scheduled (2) to 0% +15 to 17%
2(nd) Quarter 2013
System (7) to (3)% +14 to 18%
Scheduled 0 to 4% +19 to 23%
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. The
company operates a low-cost, high-efficiency, all-jet passenger airline through
its subsidiary, Allegiant Air, while also offering other travel-related products
such as hotel rooms, rental cars, and attraction tickets. All can be purchased
through the company 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. For downloadable press kit, including photos, visit:
gofly.us/SQmY7O.
Note: This news release was accurate at the date of issuance. However,
information contained in the release may have changed. If you plan to use the
information contained herein for any purpose, verification of its continued
accuracy is your responsibility.
For further information please visit the company's investor website:
ir.allegiant.com
Reference to the Company's website above does not constitute incorporation of
any of the information thereon into this news release.
Under the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995, statements in this press release that are not historical facts are
forward-looking statements. These forward-looking statements are only estimates
or predictions based on our management's beliefs and assumptions and on
information currently available to our management. Forward-looking statements
include our statements regarding future departure and capacity growth. Forward-
looking statements include all statements that are not historical facts and can
be identified by the use of forward-looking terminology such as the words
"guidance","believe," "expect," "anticipate,"
"intend," "plan," "estimate,"
"project," "hope" or similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions. Actual
results may differ materially from those expressed in the forward-looking
statements. Important risk factors that could cause our results to differ
materially from those expressed in the forward-looking statements generally may
be found in our periodic reports filed with the Securities and Exchange
Commission at www.sec.gov.
Any forward-looking statements are based on information available to us today
and we undertake no obligation to update publicly any forward-looking
statements, whether as a result of future events, new information or otherwise.
Allegiant Media Contact: Investor Inquiries:
Brian Davis Chris Allen
e-mail:
mediarelations@allegiantair.com e-mail:ir@allegiantair.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Allegiant Travel Company via Thomson Reuters ONE
[HUG#1683265]
