Allegiant Reports June 2016 Traffic

Published on : Friday, July 8, 2016

AllegiantAllegiant Travel Company today reported preliminary passenger traffic results for June 2016.

“June was a difficult operational month for us,” stated Jude Bricker, COO and SVP of Planning. “This drove a high number of cancellations and subsequent passenger refunds. Without these refunds, TRASM for the quarter would have been about 0.5 percentage points better than we are estimating in this release.”

“During the second quarter, we received a significant fuel tax refund from the State of Florida,” stated Scott Sheldon, CFO and Senior Vice President. “This reduction in fuel expense nets out to an average cost of $1.36 per gallon for the quarter versus $1.55 per gallon had we not received the refund. Also during this quarter we incurred our first major maintenance event for the Airbus aircraft and adopted the deferral method to account for these costs. The application of the deferral method for Airbus major maintenance costs coupled with lower than expected salary and benefits expense are the primary drivers of CASM ex fuel coming in under forecast.”

Scheduled Service

June 2016 June 2015 Change
Passengers 1,128,111 934,332 20.7%
Revenue passenger miles (000) 1,025,627 867,613 18.2%
Available seat miles (000) 1,181,113 978,592 20.7%
Load factor 86.8% 88.7% (1.9) pts
Departures 7,905 6,428 23.0%
Average stage length (miles) 881 894 (1.5%)
Q2 2016 Q2 2015 Change
Passengers 2,850,112 2,426,985 17.4%
Revenue passenger miles (000) 2,626,770 2,279,600 15.2%
Available seat miles (000) 3,072,135 2,628,205 16.9%
Load factor 85.5% 86.7% (1.2) pts
Departures 20,171 16,949 19.0%
Average stage length (miles) 897 912 (1.6%)

Total System *

June 2016 June 2015 Change
Passengers 1,137,690 945,224 20.4%
Revenue passenger miles (000) 1,039,829 875,645 18.8%
Available seat miles (000) 1,219,344 999,222 22.0%
Load factor 85.3% 87.6% (2.3) pts
Departures 8,181 6,677 22.5%
Average stage length (miles) 879 879 0.0%
Q2 2016 Q2 2015 Change
Passengers 2,878,460 2,462,822 16.9%
Revenue passenger miles (000) 2,665,753 2,307,065 15.5%
Available seat miles (000) 3,178,904 2,690,457 18.2%
Load factor 83.9% 85.7% (1.8) pts
Departures 20,969 17,659 18.7%
Average stage length (miles) 893 896 (0.3%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

Change
May 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (7.4%)
June 2016 estimated year-over-year TRASM change (9.0%) to (8.6%)
Q2 2016 estimated year-over-year TRASM change (9.6%) to (9.2%)
$ per gallon
June 2016 estimated average fuel cost per gallon – system $1.68
June 2016 estimated average fuel cost per gallon – scheduled $1.68
$ per gallon
Q2 2016 estimated average fuel cost per gallon – system $1.55
Q2 2016 estimated average fuel cost per gallon – scheduled $1.55
Q2 2016 estimated average fuel cost per gallon – system (net of tax refund) $1.36

Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
July 2016
Scheduled +18% +17%
3rd Quarter 2016
System +18 to 22% +15 to 19%
Scheduled +18 to 22% +15 to 19%
4th Quarter 2016
System +14 to 18% +9 to 13%
Scheduled +14 to 18% +9 to 13%

ASMs – Available seat miles

Cost and revenue guidance, subject to revision
Cost guidance
2nd Quarter 2016
Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change 1.6 to 2.0%
Fixed fee and other revenue guidance
2nd Quarter 2016
Fixed fee revenue and other revenue (millions) $14.0 to $15.0

 

 

 

Source:- Allegiant Airlines

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