Published on : Thursday, June 5, 2014
Allegiant Travel Company today reported preliminary passenger traffic results for May 2014.
“Revenue for May outperformed our expectations,” said Andrew Levy, President and COO of Allegiant Travel Co. “June revenue is also expected to exceed our earlier forecast. We now project our second quarter PRASM to increase between 5 and 6 percent and second quarter TRASM to increase between 3.5 and 4.5 percent.
We expect second quarter CASM ex fuel to increase between 4.5 and 5.5 percent, and total CASM to increase between 2.5 and 3.5 percent. The total CASM estimate is based on a system fuel price per gallon of $3.20 for the full quarter.”
Scheduled Service
May 2014 May 2013 Change
Passengers 649,122 586,118 10.7%
Revenue passenger miles (000) 598,158 575,291 4.0%
Available seat miles (000) 672,430 645,429 4.2%
Load factor 89.0% 89.1% (0.1) pts
Departures 4,392 3,982 10.3%
Average stage length (miles) 896 948 (5.5%)
Total System*
May 2014 May 2013 Change
Passengers 660,981 596,407 10.8%
Revenue passenger miles (000) 609,480 584,061 4.4%
Available seat miles (000) 690,584 662,268 4.3%
Load factor 88.3% 88.2% 0.1 pts
Departures 4,567 4,171 9.5%
Average stage length (miles) 886 931 (4.8%)
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change
April 2014 actual year-over-year
Scheduled revenue per scheduled ASM (PRASM) change 9.7%
April 2014 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change 6.9%
May 2014 estimated year-over-year PRASM change 4.0% to 4.4%
May 2014 estimated year-over-year TRASM change 3.8% to 4.2%
$ per gallon
May 2014 estimated average fuel cost per gallon – system $3.20
May 2014 estimated average fuel cost per gallon – scheduled $3.24
Guidance
Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
June 2014
Scheduled +12% +10%
2nd Quarter 2014
System +10 to 11% +7.5 to 8.5%
Scheduled +10 to 11% +7 to 8%
3rd Quarter 2014
System +10 to 14% +9 to 13%
Scheduled +10 to 14% +9 to 13%
Source:- Allegiant Airlines
Tags: allegiant airlines
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