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Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2017 and third quarter 2017.
“In September, Hurricane Irma significantly impacted operations throughout our Florida network,” stated Scott Sheldon, EVP, chief financial officer and chief operating officer. “From September 6–12 we cancelled more than 455 flights, which represents over eight percent of our scheduled departures during the month and approximately two percent of planned ASM production during the quarter. Despite the loss in scheduled flying, our TRASM results were minimally impacted. However, the loss in planned ASMs and costs associated with the cancellations added about one percentage point to our CASM ex fuel for the quarter.”
|
Scheduled Service |
|||
|
September 2017 |
September 2016 |
Change |
|
|
Passengers |
658,654 |
734,165 |
(10.3%) |
|
Revenue passenger miles (000) |
576,357 |
637,019 |
(9.5%) |
|
Available seat miles (000) |
730,573 |
769,372 |
(5.0%) |
|
Load factor |
78.9% |
82.8% |
(3.9) pts |
|
Departures |
5,107 |
5,437 |
(6.1%) |
|
Average stage length (miles) |
848 |
843 |
0.6% |
|
3rd quarter 2017 |
3rd quarter 2016 |
Change |
|
|
Passengers |
2,998,476 |
2,904,295 |
3.2% |
|
Revenue passenger miles (000) |
2,618,446 |
2,603,849 |
0.6% |
|
Available seat miles (000) |
3,073,360 |
2,997,529 |
2.5% |
|
Load factor |
85.2% |
86.9% |
(1.7) pts |
|
Departures |
21,498 |
20,398 |
5.4% |
|
Average stage length (miles) |
849 |
869 |
(2.3%) |
|
Total System* |
|||
|
September 2017 |
September 2016 |
Change |
|
|
Passengers |
684,318 |
752,484 |
(9.1%) |
|
Revenue passenger miles (000) |
600,735 |
655,680 |
(8.4%) |
|
Available seat miles (000) |
799,262 |
820,962 |
(2.6%) |
|
Load factor |
75.2% |
79.9% |
(4.7) pts |
|
Departures |
5,696 |
5,840 |
(2.5%) |
|
Average stage length (miles) |
832 |
836 |
(0.5%) |
|
3rd quarter 2017 |
3rd quarter 2016 |
Change |
|
|
Passengers |
3,045,642 |
2,939,055 |
3.6% |
|
Revenue passenger miles (000) |
2,672,963 |
2,645,533 |
1.0% |
|
Available seat miles (000) |
3,220,246 |
3,121,762 |
3.2% |
|
Load factor |
83.0% |
84.7% |
(1.7) pts |
|
Departures |
22,723 |
21,384 |
6.3% |
|
Average stage length (miles) |
842 |
864 |
(2.5%) |
|
*Total system includes scheduled service and fixed fee contract. |
|
Preliminary Financial Results |
|
|
$ per gallon |
|
|
September 2017 estimated average fuel cost per gallon – system |
$2.03 |
|
$ per gallon |
|
|
3rd quarter 2017 estimated average fuel cost per gallon – system |
$1.81 |
|
Guidance |
||
|
Capacity guidance, subject to revision |
Year over Year Growth |
|
|
Departures |
ASMs |
|
|
October 2017 |
||
|
Scheduled |
+14% |
+15% |
|
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 guidance, subject to revision |
|
|
3rd quarter 2017 |
|
|
Current TRASM guidance |
0.3 to 0.7% |
|
Previous TRASM guidance – July 26, 2017 |
(0.5) to 1.5% |
|
Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change |
16.7 to 17.1% |
|
Previous CASM-ex fuel guidance – July 26, 2017 |
16 to 18% |
|
Fixed fee revenue and other revenue (millions) |
$22.0 to $22.5 |
|
Previous fixed fee and other revenue guidance – July 26, 2017 |
$17 to $19 |
