Wednesday, 8 November 2017

Allegiant October Results

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/iiFa303wrtF.



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