Allegiant Travel Company released their preliminary passenger traffic results for October 2017 earlier this week with some positive results in a very difficult trading period.
"During our earnings call on October 25, 2017, we called out 3 to 3.5 percentage points of a TRASM headwind due to the impacts of Hurricane Irma in Florida and the mass shooting in Las Vegas," stated Lukas Johnson, senior vice president, commercial. "At the time of the call, Florida had recovered but Las Vegas was still pacing below its previous trends. But each week since, we have seen meaningful recovery in the Las Vegas market, and now believe demand has normalized to the levels seen before the tragic event of October 1."
Full Results -
Scheduled Service
| |||
October 2017
|
October 2016
|
Change
| |
Passengers
|
998,646
|
858,531
|
16.3%
|
Revenue passenger miles (000)
|
877,771
|
766,193
|
14.6%
|
Available seat miles (000)
|
1,063,793
|
922,715
|
15.3%
|
Load factor
|
82.5%
|
83.0%
|
(0.5) pts
|
Departures
|
7,295
|
6,316
|
15.5%
|
Average stage length (miles)
|
861
|
871
|
(1.1%)
|
Total System*
| |||
October 2017
|
October 2016
|
Change
| |
Passengers
|
1,021,348
|
876,713
|
16.5%
|
Revenue passenger miles (000)
|
897,650
|
783,223
|
14.6%
|
Available seat miles (000)
|
1,120,947
|
970,449
|
15.5%
|
Load factor
|
80.1%
|
80.7%
|
(0.6) pts
|
Departures
|
7,812
|
6,752
|
15.7%
|
Average stage length (miles)
|
848
|
856
|
(0.9%)
|
*Total system includes scheduled service and fixed fee contract.
| |||
Preliminary Financial Results
| |
$ per gallon
| |
Oct 2017 estimated average fuel cost per gallon – system
|
$1.97
|
Guidance
| ||
Capacity guidance, subject to revision
|
Year over Year Growth
| |
Departures
|
ASMs
| |
November 2017
| ||
Scheduled
|
+8%
|
+10%
|
4th Quarter 2017
| ||
System
|
+7 to 11%
|
+9 to 13%
|
Scheduled
|
+7 to 11%
|
+9 to 13%
|
1st Quarter 2018
| ||
System
|
+8 to 12%
|
+10 to 14%
|
Scheduled
|
+8 to 12%
|
+10 to 14%
|
ASMs – Available seat miles
| ||
Quarterly TRASM guidance, subject to revision
| |
4th Quarter 2017
| |
Current guidance
|
(3.0) to (0.5%)
|
Previous TRASM guidance – October 25, 2017
|
(3.0) to (0.5%)
|
Allegiant
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms and rental cars. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to more than 85 aircraft and 350 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/
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