Allegiant Travel (ALGT) Load Factor Fell 0.5 Points in Nov. 2016; TRASM Outlook Boosted

Allegiant Travel Company (Nasdaq: ALGT) reported preliminary passenger traffic results for November 2016.

"November close in bookings and the pace of sales for December are exceeding our prior expectations," stated Jude Bricker, COO and SVP of Planning. "In addition we are still seeing out performance in revenue being generated by the Allegiant World MasterCard® credit card program. Therefore, we are revising our fourth quarter TRASM guidance from a range of (7.5)% to (5.5)% to a range of (6)% to (4.5)%."

Scheduled Service

                             November 2016    November 2015           Change

                          ---------------- ---------------- ----------------

Passengers                         854,114          756,443            12.9%

Revenue passenger miles                                                     

 (000)                             766,850          705,192             8.7%

Available seat miles (000)         934,843          854,920             9.3%

Load factor                          82.0%            82.5%        (0.5) pts

Departures                           6,335            5,514            14.9%

Average stage length                                                        

 (miles)                               879              912           (3.6%)

                                                                            

                                                                            

Total System*

                             November 2016    November 2015           Change

                          ---------------- ---------------- ----------------

Passengers                         866,737          772,567            12.2%

Revenue passenger miles                                                     

 (000)                             779,725          719,464             8.4%

Available seat miles (000)         975,552          887,178            10.0%

Load factor                          79.9%            81.1%        (1.2) pts

Departures                           6,658            5,837            14.1%

Average stage length                                                        

 (miles)                               871              894           (2.6%)

                                                                            

*Total system includes scheduled service and fixed fee contract.            

                                                                            

Preliminary Financial Results

                                                                      Change

Oct 2016 actual year-over-year                                              

  Scheduled total revenue per scheduled ASM (TRASM)                         

   change                                                             (6.2%)

                                                                            

Nov 2016 estimated year-over-year TRASM change              (2.7%) to (2.3%)

                                                                $ per gallon

Nov 2016 estimated average fuel cost per gallon -                           

 system                                                                $1.65

                                                                            

                                                                            

Guidance

                                                                            

Capacity guidance, subject to revision            Year over Year Growth     

                                                  Departures            ASMs

----------------------------------------------------------------------------

December 2016                                                               

  Scheduled                                             +18%            +13%

                                                                            

4th Quarter 2016                                                            

  System                                          +17 to 19%      +12 to 14%

  Scheduled                                       +17 to 19%      +12 to 14%

                                                                            

1st Quarter 2017                                                            

  System                                          +14 to 18%      +10 to 14%

  Scheduled                                       +14 to 18%      +10 to 14%

                                                                            

                                                                            

ASMs - Available seat miles

You May Also Be Interested In

• Orgenesis (ORGS) Issues Year End Business Update
• Gildan Activewear (GIL) preliminary Q1 sales top consensus
• Charles Schwab (SCHW) EPS edges past estimates, revenue up sequentially but dips YoY