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Allegiant Reports September 2017 Traffic

Allegiant Travel Company (NASDAQ:  ALGT) yesterday 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

Posted by on October 11, 2017.

Categories: Travel Industry News

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