updated 5/4/2011 7:47:16 PM ET 2011-05-04T23:47:16

LAS VEGAS, May 4, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for April 2011.

Scheduled Service
  Apr. 2011 Apr. 2010 Change
Passengers 488,028 484,079 0.8%
Revenue passenger miles (000) 452,315 457,731 (1.2)%
Available seat miles (000) 495,134 505,680 (2.1)%
Load factor 91.4% 90.5% 0.9 pts
Departures 3,602 3,616 (0.4%)
Average stage length (miles) 916 932 (1.7%)
Total System*
  Apr. 2011 Apr. 2010 Change
Passengers 519,837 505,314 2.9%
Revenue passenger miles (000) 480,739 473,977 1.4%
Available seat miles (000) 539,873 539,399 0.1%
Load factor 89.0% 87.9% 1.1 pts
Departures 4,088 4,052 0.9%
Average stage length (miles) 883 893 (1.1)%
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
Preliminary Financial Results
March 2011 actual year-over-year scheduled passenger revenue per ASM (PRASM) change 18.5%
March 2011 actual year-over year scheduled total revenue per ASM (TRASM) change 16.7%
April 2011 estimated year-over-year PRASM change  23.6 – 24.0%
April 2011 estimated year-over-year TRASM change  20.0 – 20.4%
April 2011 estimated average fuel cost per gallon – system $3.29
April 2011 estimated average fuel cost per gallon – scheduled  $3.54
Capacity Guidance  
Guidance, subject to revision Year over Year Growth
  Departures ASMs
May 2011    
 Scheduled (6)% (8)%
2nd   Quarter 2011    
 System (4) to 0% (4) to 0%
 Scheduled (5) to (1)% (6) to (2)%
3rd Quarter 2011    
 System (7) to (3)% (4) to 0%
 Scheduled (8) to (4)% (6) to (2)%
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 Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, 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. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list. ALGT/G

The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305

Note: This news 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 website:  http://ir.allegiant.com

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news 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 departure and 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 the words "guidance", "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.

CONTACT: Allegiant Media Contact:
         Jordan McGee
         phone: 702-589-7260
         e-mail: jordan.mcgee@allegiantair.com
         Investor Inquiries:
         Chris Allen
         phone: 702-851-7365
         e-mail: ir@allegiantair.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com