Posted on: 04 June 2014 by Mark Howells
Allegiant Travel Company has reported its preliminary passenger traffic results for May 2014.
Revenue passenger miles (RPMs) totalled 598,158,000, compared with 575,291,000 in May 2013, a 4.0% increase. Available seat miles (ASMs) were increased by 4.2% to 672,430,000 from 645,429,000 for the respective periods. These figures meant a minor – 0.1 percentage point – drop in the load factor to 89.0%.
Finally, the number of passengers carried in May 2014 was 649,122, a 10.7% increase over the 586,118 carried last May.
“Revenue for May outperformed our expectations,” noted Andrew Levy, president and COO of Allegiant Travel Company. “June revenue is also expected to exceed our earlier forecast. We now project our second quarter PRASM to increase between 5% and 6% and second quarter TRASM to increase between 3.5% and 4.5%.
“We expect second quarter CASM ex-fuel to increase between 4.5% and 5.5%, and total CASM to increase between 2.5% and 3.5%. The total CASM estimate is based on a system fuel price per gallon of $3.20 for the full quarter,” Levy explained.