Allegiant Reports September 2010 Traffic

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Oct 08, 2010, 06:00 ET

LAS VEGAS, Oct. 8 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for September 2010.

Scheduled Service

	Sep. 2010	Sep. 2009	Change
Passengers	362,519	288,761	25.5%
Revenue passenger miles (000)	330,800	264,729	25.0%
Available seat miles (000)	359,785	294,737	22.1%
Load factor	91.9%	89.8%	2.1 pts
Departures	2,697	2,203	22.4%
Average stage length (miles)	889	893	(0.4)%

	3Q10	3Q09	Change
Passengers	1,488,600	1,208,306	23.2%
Revenue passenger miles (000)	1,356,043	1,095,291	23.8%
Available seat miles (000)	1,512,650	1,218,951	24.1%
Load factor	89.6%	89.9%	(0.3) pts
Departures	11,316	9,181	22.3%
Average stage length (miles)	891	888	0.3%

	YTD 2010	YTD 2009	Change
Passengers	4,314,149	3,795,377	13.7%
Revenue passenger miles (000)	4,020,703	3,424,042	17.4%
Available seat miles (000)	4,416,651	3,783,741	16.7%
Load factor	91.0%	90.5%	0.5 pts
Departures	32,221	28,645	12.5%
Average stage length (miles)	914	882	3.6%

Total System*

	Sep. 2010	Sep. 2009	Change
Passengers	390,492	330,382	18.2%
Revenue passenger miles (000)	362,714	292,229	24.1%
Available seat miles (000)	420,469	343,011	22.6%
Load factor	86.3%	85.2%	1.1 pts
Departures	3,231	2,866	12.7%
Average stage length (miles)	873	805	8.5%

	3Q10	3Q09	Change
Passengers	1,559,836	1,339,407	16.5%
Revenue passenger miles (000)	1,425,761	1,173,831	21.5%
Available seat miles (000)	1,646,431	1,350,284	21.9%
Load factor	86.6%	86.9%	(0.3) pts
Departures	12,761	11,117	14.8%
Average stage length (miles)	865	818	5.8%


	YTD 2010	YTD 2009	Change
Passengers	4,539,405	4,108,161	10.5%
Revenue passenger miles (000)	4,217,904	3,637,768	15.9%
Available seat miles (000)	4,804,743	4,152,029	15.7%
Load factor	87.8%	87.6%	0.2 pts
Departures	36,825	33,666	9.4%
Average stage length (miles)	876	829	5.7%

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

Preliminary Financial Results

	Change
August 2010 actual year-over-year
scheduled revenue per ASM (RASM) change	6.0%
August 2010 actual year-over year
scheduled total revenue per ASM (TRASM) change	3.9%

September 2010 estimated year-over-year RASM change	(1.4 – 1.7)%
September 2010 estimated year-over-year TRASM change	(1.7 – 2.0)%

September 2010 estimated average fuel cost per gallon – system	$2.21
September 2010 estimated average fuel cost per gallon – scheduled	$2.37

3Q10 estimated year-over-year RASM change	3.3 – 3.6%
3Q10 estimated year-over-year TRASM change	2.2 – 2.5%

3Q10 estimated average fuel cost per gallon – system	$2.25
3Q10 estimated average fuel cost per gallon – scheduled	$2.36

Investor Update
Capacity guidance

Year over Year Growth
	Departures	ASMs
October 2010
Scheduled	+18%	+18%

4th Quarter 2010
System	+8 – 10%	+10 – 12%
Scheduled	+14 – 16%	+13 – 15%

1st Quarter 2011
System	+3 – 6%	+2 – 5%
Scheduled	+3 – 6%	+2 – 5%

Cost guidance
		3rd Quarter 2010
Cost per passenger - excluding fuel		$51.50 - $53.50

Fixed fee and other revenue guidance
		3rd Quarter 2010
Fixed fee revenue and other revenue (millions)		$8.5 - $9.5

Guidance subject to revision ASMs – Available seat miles

About the Company

Las Vegas based Allegiant Travel Company (NASDAQ: ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Phoenix, Los Angeles, Orlando, Fla. Tampa/St. Petersburg, Fla. and Fort Lauderdale, 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. 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.allegiantair.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 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