Allegiant Travel Company today reported preliminary passenger traffic results for November 2015.
“Our November TRASM underperformed our expectation that was set in October,” stated Jude Bricker, Senior Vice President of Planning. “While peak demand is holding firm, the significant amount of off peak flying in the beginning of December is causing us to lower our fourth quarter TRASM forecast to between negative 11 percent and negative 10 percent. This is down from our previous forecast of negative 10.5 percent to negative 8.5 percent.”
Scheduled Service
| November 2015 | November 2014 | Change | ||||
| Passengers | 756,443 | 616,038 | 22.8 | % | ||
| Revenue passenger miles (000) | 705,192 | 579,487 | 21.7 | % | ||
| Available seat miles (000) | 854,920 | 676,756 | 26.3 | % | ||
| Load factor | 82.5 | % | 85.6 | % | (3.1) pts | |
| Departures | 5,514 | 4,330 | 27.3 | % | ||
| Average stage length (miles) | 912 | 917 | (0.5 | )% |
Total System *
| November 2015 | November 2014 | Change | ||||
| Passengers | 772,567 | 631,183 | 22.4 | % | ||
| Revenue passenger miles (000) | 719,464 | 593,400 | 21.2 | % | ||
| Available seat miles (000) | 887,178 | 702,993 | 26.2 | % | ||
| Load factor | 81.1 | % | 84.4 | % | (3.3) pts | |
| Departures | 5,837 | 4,566 | 27.8 | % | ||
| Average stage length (miles) | 894 | 903 | (1.0 | )% |
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
| Change | ||
| October 2015 actual year-over-year | ||
| Scheduled total revenue per scheduled ASM (TRASM) change | (11.0%) | |
| November 2015 estimated year-over-year TRASM change | (8.1%) to (7.7%) | |
| $ per gallon | ||
| November 2015 estimated average fuel cost per gallon – system | $1.65 | |
| November 2015 estimated average fuel cost per gallon – scheduled | $1.66 |
Guidance
| Capacity guidance, subject to revision | Year over Year Growth | ||
| Departures | ASMs | ||
| December 2015 | |||
| Scheduled | +19% | +21% | |
| 4th Quarter 2015 | |||
| System | +24 to 26% | +24 to 26% | |
| Scheduled | +24 to 26% | +24 to 26% | |
| 1st Quarter 2016 | |||
| System | +14 to 18% | +15 to 19% | |
| Scheduled | +14 to 18% | +15 to 19% | |
ASMs – Available seat miles
Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets.
