Allegiant Reports November 2010 Traffic

Dec 06, 2010, 11:55 ET from Allegiant Travel Company

LAS VEGAS, Dec. 6, 2010 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for November 2010.

Scheduled Service

Nov. 2010

Nov. 2009

Change

Passengers

416,761

374,476

11.3%

Revenue passenger miles (000)

381,883

350,505

9.0%

Available seat miles (000)

424,003

387,914

9.3%

Load factor

90.1%

90.4%

(0.3) pts

Departures

3,127

2,805

11.5%

Average stage length (miles)

904

922

(2.0%)

YTD 2010

YTD 2009

Change

Passengers

5,117,011

4,489,833

14.0%

Revenue passenger miles (000)

4,754,843

4,070,881

16.8%

Available seat miles (000)

5,231,566

4,502,556

16.2%

Load factor

90.9%

90.4%

0.5 pts

Departures

38,253

33,883

12.9%

Average stage length (miles)

912

887

2.8%

Total System*

Nov. 2010

Nov. 2009

Change

Passengers

443,237

408,658

8.5%

Revenue passenger miles (000)

404,747

376,607

7.5%

Available seat miles (000)

468,292

435,234

7.6%

Load factor

86.4%

86.5%

(0.1) pts

Departures

3,637

3,387

7.4%

Average stage length (miles)

865

862

0.4%

YTD 2010

YTD 2009

Change

Passengers

5,396,336

4,875,903

10.7%

Revenue passenger miles (000)

4,997,582

4,339,464

15.2%

Available seat miles (000)

5,707,241

4,968,419

14.9%

Load factor

87.6%

87.3%

0.3 pts

Departures

43,887

40,132

9.4%

Average stage length (miles)

873

832

4.9%

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

Preliminary Financial Results

Change

October 2010 actual year-over-year scheduled revenue per ASM (RASM) change

10.6%

October 2010 actual year-over year scheduled total revenue per ASM (TRASM) change

10.0%

November 2010 estimated year-over-year RASM change        

10.4 – 10.7%

November 2010 estimated year-over-year TRASM change

8.8 – 9.1%

November 2010 estimated average fuel cost per gallon – system

$2.47

November 2010 estimated average fuel cost per gallon – scheduled

$2.62

Capacity Guidance

Guidance, subject to revision

Year over Year Growth

Departures

ASMs

December 2010

      Scheduled

+14%

+14%

1st Quarter 2011

      System

+4 - 7%

+4 - 7%

      Scheduled

+4 - 7%

+4 - 7%

2nd Quarter 2011

      System

+5 - 9%

+5 - 9%

      Scheduled

+5 - 9%

+6 - 9%

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 such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla.  Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services.  In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list.  ALGT/G

Note: This press 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 web site: http://ir.allegiant.com

Reference to the Company's web site above does not constitute incorporation of any of the information thereon into this press 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 t he words "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.

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SOURCE Allegiant Travel Company