Category Archives: Allegiant Air

Allegiant celebrates 15 years of scheduled passenger flying

Allegiant Air (Las Vegas) yesterday (February 28) commemorated the 15th anniversary of the carrier’s first scheduled service from Fresno, California to Las Vegas, Nevada on February 28, 1999.

Starting with just one plane, Allegiant has grown to a fleet of 68 planes, flying over 7 million passengers last year. Allegiant now serves 99 cities, more than any other domestic low cost carrier.

Over the years, Allegiant has carried over 40 million passengers, and the Company continues to grow, offering more nonstop service in more communities. In 2013, Allegiant announced service in 15 new cities and added 39 new routes to its network, at a time when many airlines are consolidating and cutting service. The company recently announced its 44th consecutive quarter of profitable operation while keeping its average one-way fare under $100.

Allegiant differs in many ways from other U.S. airlines. The Company is focused on low-cost, nonstop leisure travel, providing customers with low base fares while giving passengers the option to pay for the amenities they want, like luggage, seat assignments and priority boarding, without including the cost of things they don’t need in the price of the ticket.

Allegiant operates under the ultra low-fare model and charges extra for additional services.

Copyright Photo: Norbert G. Raith/AirlinersGallery.com. The pictured former SAS Douglas DC-9-21 N127NK (msn 47361) in the original 1998 colors was leased by Allegiant in June 1998 when it received its FAA Part 121 and DOT certification.

Allegiant Air:

Teamsters to launch probe into the alleged “maintenance failures of Allegiant Air”

The Teamsters Aviation Mechanics Coalition (TAMC) today issued this statement:

The Teamsters Aviation Mechanics Coalition (TAMC) announced today that it will launch an investigation into reports of a disproportionate number of engine failures, air returns and declared emergencies at Allegiant Air. TAMC immediately recognized that a comprehensive investigation into the continuing maintenance failures at Allegiant is imperative after interviewing pilots at the airline.

TAMC is determined to find the root cause of these maintenance failures regardless of where the investigation may lead. The immediate concern is to identify the underlying cause of these incidents and to offer suggestions to mitigate this unacceptable situation before one of these incidents claims the lives of passengers.

TAMC was established by the Teamsters Airline Division in 2007 to advance and protect the interests of all aviation mechanics and related workers throughout the industry. TAMC is committed to the continued improvement of aviation safety and places great emphasis on maintenance safety issues that affect the mechanics and related craft, the industry and the public.

Allegiant Air to resume two routes from Los Angeles on June 6

Allegiant Air (Las Vegas) on June 6 will resume two routes from Los Angeles. The ultra low fare carrier will resume twice weekly service to both Billings, Montana and Pasco (Tri-Cities), Washington per Airline Route. Both routes were dropped in August 2012.

Allegiant today also began new nonstop jet service between Burlington, Vermont and Sanford International Airport (near Orlando) in Florida.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. McDonnell Douglas DC-9-83 N422NV (msn 49381) prepares to land at Los Angeles International Airport (LAX).

Allegiant Air:

Allegiant to drop Charlottesville, Virginia and Manhattan, Kansas on February 23

Allegiant Air‘s (Las Vegas) business plan is to enter a small market and initially fly twice-weekly to a vacation destination. If it fills up the airplanes, it adds additional days of the week. If the new speculative route does not pan out, the airline quickly drops the airport and the route.

This is the case for both Charlottesville, Virginia and Manhattan, Kansas, both university towns. Allegiant began flying to Charlottesville in November to Sanford, Florida (near Orlando). This route did not work and the ultra low-fare airline is dropping the route on February 23, 2014 according the USA Today and pnj.com.

Manhattan received Allegiant service on November 7, 2013 to Mesa, Arizona (near Phoenix). It too will be dropped on February 23.

Read the full report: CLICK HERE

In other news, Allegiant Air today announced a month-long campaign to spotlight local travelers, commemorating the 15th anniversary of the carrier’s first scheduled service. According to the carrier, “The campaign will celebrate Allegiant’s success and commitment to making leisure travel possible with real stories from loyal customers who have changed the way they travel because of the carrier’s unique brand of low-cost, nonstop service.”

Copyright Photo: Jay Selman/AirlinersGallery.com. McDonnell Douglas DC-9-83 (MD-83) N424NV (msn 49421) approaches the runway at the Las Vegas base.

Allegiant Air:

Allegiant Air reports its fourth quarter (44th consecutive profitable quarter) and 2013 financial results

Allegiant Travel Company (Allegiant Air) (Las Vegas) meanwhile has reported the following financial results for both the fourth quarter and full year 2013, as well as comparisons to prior year equivalents:

“We are very proud to report our 44th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “This is the second consecutive year that we have grown both full year EBITDA and operating margin. As we continue to add more efficient Airbus aircraft to our operating fleet, we have the opportunity to continue margin improvement going forward. Thank you for the tireless efforts of our Team Members whose contributions were critical to our successful 2013.”

Notable fourth quarter and full year 2013 company highlights

Added the Airbus A320 and A319 onto the Allegiant operating certificate
Ended 2013 with three A319 and five A320 aircraft in service. Added two more A320 aircraft in January 2014
Retired five MD-80 aircraft
Completed the conversion of 51 MD-80 aircraft to 166 seats. Will add two more MD-80 aircraft configured with 166 seats to the fleet in March 2014. We expect our MD-80 fleet to remain at 53 aircraft for the foreseeable future
Returned $83 million to shareholders through the repurchase of 913,806 shares in 2013
Paid a special dividend of $2.25 per share in early January 2014
Added 44 new routes in 2013. Announced five new routes and two new cities starting service first quarter 2014
Delivered Allegiant2Go Mobile Boarding Pass functionality in the fourth quarter
Broadened third-party purchase options via one-way package and hotel-only booking path
Executed a new agreement with a large Las Vegas gaming company for the pre-purchase of rooms at discounted rates
Entered into a new three year agreement with Enterprise Holdings Inc. for the sale of rental cars
Included on the 100 America’s Best Small Companies list by Forbes magazine

Fourth quarter and full year 2013 revenue performance

Full year ancillary air-related charges per passenger has increased every year for eight consecutive years
16th consecutive quarter of year over year increases in total fare, four percent higher than a year ago
Fourth quarter Florida TRASM grew by two percent despite a 35 percent growth in ASMs
Same store routes, those operated in both the fourth quarter 2013 and 2012, generated a three percent increase in TRASM

Fourth quarter and full year 2013 cost performance

Full year 2013 fuel expense per ASM declined six percent primarily due to a two percent decrease in gallons per passenger. This fuel savings more than offset the one percent increase in average fuel cost per gallon. Full year system ASMs per gallon increased seven percent versus 2012
Full year 2013 CASM ex fuel rose five percent versus last year in part because aircraft utilization declined four percent. CASM ex fuel was also negatively impacted by expenses due to an operational disruption in September, and the FAA shutdown and the subsequent delay in placing A320s into service in December. The A320 delay drove higher expense in aircraft lease rentals as we contracted with other carriers for sub-service to fly scheduled flights, reduced crew productivity and increased expenses to temporarily assign flight crews to bases to support unplanned MD-80 flying in place of planned A320 flying
Fourth quarter salary and benefits expense increased 17 percent due to a 13 percent increase in full time equivalent employees to support fleet growth and more inflight staff to crew larger gauge MD-80 aircraft, increased bonus accrual which is tied to higher levels of profitability and higher stock compensation expense
Fourth quarter sales and marketing expense increased 46 percent due to advertising to support the launch of new routes
Fourth quarter aircraft lease rental expense was $5.5 million due to having two leased aircraft (none a year ago) and $4.2 million of sub-service expense due to the delays in planned A320 flying
Fourth quarter other expense increased 16 percent due to increases in flight crew training, contractor IT development resources, and losses on consignment and disposal of assets
Certain fourth quarter non-cash expenses totaled $5.4 million for the quarter and $19.3 million for the year. Please see the non-cash expense table in the Non-GAAP presentation for further detail

Full year and first quarter 2014 cost trends

Full year CASM ex fuel is expected to increase between four and seven percent due to a more normalized maintenance and repair expense of between $100 thousand and $110 thousand per aircraft per month, start-up expenses in non-airline subsidiaries (which do not generate airline capacity or ASMs) and continued investment in operations and IT management
First quarter 2014 CASM ex fuel is expected to increase between 13 and 15 percent due to expenses associated with the delay in training A320 crews resulting from the FAA shutdown and its continued effects and the subsequent delay in placing the A320 on the certificate, lower than planned capacity growth due to the same issue, higher maintenance expense due to substantially more heavy maintenance events scheduled in the quarter, and start-up expenses in two new non airline initiatives which do not generate airline capacity or ASMs. The effects of the A320 delays and non-airline activities are expected to account for 53 percent of the increase in CASM ex fuel for the quarter

Third party products performance

Full year transportation net revenue (revenue derived from car rentals) increased 11 percent
Las Vegas represented 82 percent of hotel net revenue in 2013, down from 87 percent in 2012 and 90 percent in 2011
Full year hotel net revenue excluding the effect of an air discount increased 25 percent versus last year. In the fourth quarter of 2012, the company phased out offering an air discount tied to hotel sales in order to increase overall company profitability

Balance Sheet highlights:

Returned $42 million to shareholders through a special dividend of $2.25 per share
Repurchased 913,806 shares of common stock for $83 million in 2013. The company has $40 million in repurchase authority remaining
Cumulative return of capital in the form of re-purchases of shares and special dividends totals $277 million as of January 2014
$178 million in capital expenditures during 2013, 83 percent for the purchase of eight Airbus series aircraft and a new headquarters building
Issued $106 million in debt in 2013, $96 million secured by eight A320 series aircraft and $10 million by the new headquarters building
Paid down $23 million in debt including $10.5 million previously secured by four 757 aircraft. $9 million in debt remains secured by the remaining two 757 aircraft in our fleet as well as a term loan due in 2017 of $122 million secured by MD-80 aircraft and parts
2014 CAPEX is expected to be between $60 and $80 million primarily driven by two A320 purchases occurring at the end of 2014 and IT projects

Unaudited (millions)	12/31/2013	12/31/2012	Change
Unrestricted cash*	$387.1	$352.7	9.8	%
Total debt	$234.3	$150.9	55.3	%
Total Allegiant Travel Company stockholders’ equity	$375.7	$400.5	(6.2	)%

	For the Year ended December 31,
Unaudited (millions)	2013	2012	Change
Capital expenditures	$177.6	$105.1	69.0%

* – Unrestricted cash includes investments in marketable securities.

At this time, Allegiant Travel Company provides the following guidance to investors, subject to revision.

Guidance, subject to revision

Revenue guidance	January 2014	1Q14
Estimated PRASM year-over-year change	6.5 to 8.5%	(2) to 0%
Estimated TRASM year-over-year change	2 to 4%	(4) to (2)%

Fixed fee and other revenue guidance		1Q14
Fixed fee and other revenue (millions)		$1 to $3

Capacity guidance
System	1Q14	2Q14	FY14
Departure year-over-year growth	8 to 12%	10 to 14%
ASM year-over-year growth	10 to 14%	8 to 12%	9 to 13%
Scheduled
Departure year-over-year growth	8 to 12%	10 to 14%
ASM year-over-year growth	10 to 14%	8 to 12%	9 to 13%

Cost guidance	1Q14		FY14
CASM ex fuel – year-over-year change	13 to 15%		4 to 7%
CASM – year-over-year change	4 to 6%		1 to 4%
Assumed fuel cost per gallon	$3.32		$3.22

CAPEX guidance			FY14
Capital expenditures (millions)			$60 to $80

CASM ex fuel – cost per available seat mile excluding fuel expense
CASM – total operating expenses / system ASMs
Fuel assumptions are modeled as of January 20, 2014

Aircraft fleet plan by end of period

Aircraft	YE13	1Q14	YE14	YE15
MD-80 (150)	1	–	–	–
MD-80 (166*)	51	53	53	53
757	6	6	6	6
A319	3	3	4	10
A320	5	7	7	9
Total	66	69	70	78

Aircraft listed in table above include only in service aircraft
* – MD-80s converted to 166 seats from 150 seats

Copyright Photo: James Helbock/AirlinersGallery.com. Allegiant is now operating three Airbus A319s and seven A320s. Airbus A319-112 N310NV (msn 2224) approaches the runway at Los Angeles International Airport.

Allegiant Air:

Allegiant Air’s pilots to meet with investors and analysts about safety concerns

Allegiant Air‘s (Las Vegas) pilots have issued this statement:

Allegiant Air’s pilots, represented by the Allegiant Air Pilots Executive Council, an employee group of Allegiant Travel Company (Las Vegas) and pilots represented by Teamsters Local Union 1224 in Wilmington, Ohio, announced plans to begin formal dialogues with Allegiant stakeholders and other influential voices in the financial community, including institutional shareholders, equity analysts, corporate lenders and insurers, in order to address operating and safety concerns that exist at the airline.

“Allegiant management has turned a deaf ear to serious operational concerns raised by the pilots,” said Capt. David Bourne, Director of Airline Division at the International Brotherhood of Teamsters. “We believe Allegiant’s financial backers have a right to know what is going on and be given a chance to weigh in on vital changes needed for Allegiant’s long-term success before it’s too late.”

“Allegiant’s low-cost model works if it can actually support the growth of the business,” Bourne said, “However, management’s lack of operational know-how and flat-out resistance to put badly needed investments into infrastructure is taking a significant toll on flight operations, which could ultimately jeopardize flight safety. It’s obvious to us that the major service disruptions over the last several months, ranging from multiple fleet shutdowns, chronic staffing and equipment shortages, significant ramp-up in 3rd party contracting for scheduled flights and sub-servicing and the shutdown of the company’s training department, all flow from the short-sighted decisions being made at the top.”

“It is very unusual for a company’s training department to be shut down,” said Dan Wells, President of Teamsters Local 1224. “Allegiant has yet to even acknowledge the training shutdown, much less show its pilots a plan for corrective action or indicate if those changes will adequately satisfy Federal Aviation Administration concerns. Many Allegiant pilots have been delayed in training for months, which we believe is driving a major increase in outsourcing due to the shortage of company pilots to fly scheduled flights and re-route equipment back to hubs and maintenance centers.”

“Management has ignored repeated requests for clarity on the training program by both the union and Allegiant’s own pilots,” Bourne said. “We’ve filed a Freedom of Information Act submission with the FAA on the matter, but the agency’s only reply was that there is an ongoing investigation at the company. In the meantime, Allegiant pilots continue to bend over backwards to work with the company to address the very significant issues that are interfering with the ability of Allegiant flight crews to do their jobs properly and service customers effectively. We are hopeful that conversations with investors and other Allegiant stakeholders will lead to a breakthrough on some of the key obstacles affecting the future of the airline.”

Copyright Photo: Jay Selman/AirlinersGallery.com. Allegiant Air’s Boeing 757-204 WL N904NV (msn 26967) arrives at the Las Vegas base.

Allegiant Air:

Allegiant Air introduces an Airbus A320 Make-A-Wish logo jet

Allegiant Air (Las Vgeas) today kicked off a unique and impactful social media campaign celebrating the painting of Allegiant’s newly acquired Airbus A320 with a special Make-A-Wish® branded livery. A time-lapse video of the plane painting can be viewed athttp://gofly.us/rBXwF. For every share of the video from the company’s Facebook page, Allegiant has committed to donate $1 to Make-A-Wish, up to $10,000.

The painting of the plane commemorates the company’s ongoing collaboration with Make-A-Wish to provide flights for families traveling to their wish destinations. Since teaming up with Make-A-Wish in May of 2012, Allegiant has donated wish travel for more than 70 families traveling to their wish destinations and more than $110,000 in cash sponsorships for Make-A-Wish events across the country. With service from more than 100 communities to popular family vacation destinations such as Orlando, Southern California and Hawaii, Allegiant is looking forward to continuing to help grant travel wishes.

Allegiant Air:

Video:

Allegiant to operate twice-weekly seasonal flights between Portsmouth and Punta Gorda

Allegiant Air (Las Vegas) will add new seasonal, nonstop jet service between Portsmouth and Punta Gorda Airport beginning on February 12, 2014. The new flights will operate twice weekly between Portsmouth International Airport at Pease (PSM) and Punta Gorda Airport (PGD).

Copyright Photo: Ton Jochems/AirlinersGallery.com. McDonnell Douglas DC-9-83 (MD-83) N422NV (msn 49381) lands in Las Vegas.

Allegiant Air:

Allegiant Travel Company reports net income of $17.1 million in the 3Q, up 1%

Allegiant Travel Company (Allegiant Air) (Las Vegas) reported the following financial results for the third quarter 2013, as well as comparisons to prior year equivalents:

Unaudited	3 months endedSept 30,
	2013			2012			Change
Total operating revenue (m)	$	228.9		$	216.9		5.5	%
Operating income (millions)	$	29.2		$	28.7		1.7	%
Operating margin	12.8		%	13.3		%	(0.5)pp
EBITDA (millions)	$	46.7		$	44.6		4.7	%
EBITDA margin	20.4		%	20.6		%	(0.2)pp
Net income (millions)	$	17.1		$	16.9		1.0	%
Diluted earnings per share	$	0.91		$	0.87		4.6	%

“We are very proud to report our 43rd consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “We are pleased to produce another profitable quarter and be able to return cash to shareholders through our share repurchase program. In addition, I am proud to announce that Andrew Levy has been added to our Board of Directors and will also assume the role of Chief Operating Officer. His proven leadership abilities and extensive operational and financial expertise, as well as a deep understanding of the airline business, will be invaluable in his new role as COO.”

“Finally, we were significantly challenged operationally at the end of September many of our MD-80s were taken out of service due to an evacuation slide issue. Through the tireless efforts of our Team Members, we were able to minimize the disruption to our customers. I am very thankful to all of those individuals who worked extremely hard to put the operation back together in such a short amount of time.”

Notable Company Highlights

Completed the acquisition of five Airbus A320 aircraft. The company now owns seven A320s
Repurchased 491,000 shares for $47 million during the third quarter, average purchase price of $95.85 per share
Announced service from nine existing cities to Punta Gorda (Southwest Florida) to begin in the fourth quarter
Announced service to 12 new cities with service beginning in the fourth quarter and first quarter
Announced 29 new routes which will begin operation in the fourth quarter
Average aircraft in service was flat versus last quarter as we retired three MD-80 aircraft and temporarily grounded two MD-80 aircraft early in the quarter
Increasing MD-80 operating fleet from 52 at the end of the year to 53 in the first quarter of 2014

Third Quarter 2013 Revenue Performance

15th consecutive quarter of year over year increases in total average fare, 4.8 percent higher than a year ago
Florida TRASM grew by 9.6 percent despite 12.7 percent growth in ASMs
Same store markets, those which were operated in both the third quarter 2013 and 2012, generated a 5.0 percent increase in TRASM
Grew scheduled load factor to 90.8 percent despite a 4.2 percent increase in seats per departure
The September slide interruption resulted in approximately $1 million in refunds given to customers

	3Q13		3Q12		Change
Scheduled Service:
Average fare – scheduled service	$86.94		$82.30		5.6	%
Average fare – ancillary air-related charges	$38.99		$37.05		5.2	%
Average fare – ancillary third party products	$5.06		$5.59		(9.5	)%
Average fare – total	$130.99		$124.94		4.8	%
Scheduled service passenger revenue per ASM (PRASM) (cents)	8.14		7.89		3.2	%
Total scheduled service revenue per ASM (TRASM) (cents)	12.26		11.98		2.3	%
Load factor	90.8	%	90.1	%	0.7pp
Passengers (millions)	1.7		1.6		6.3	%
Average passengers per departure	150		143		4.9	%
Average scheduled service stage length (miles)	932		910		2.4	%

ASMs = available seat miles
PRASM = scheduled passenger revenue per scheduled available seat mile
TRASM = (scheduled passenger revenue + ancillary air revenue + ancillary third party revenue) per scheduled available seat mile

Third Quarter 2013 Cost Performance

Fuel expense per ASM declined 3.9 percent primarily due to a 5.8 percent increase in ASMs per gallon versus last year, which more than offset a 1.9 percent increase in average cost per gallon
Operating expense excluding fuel was negatively impacted by lower aircraft utilization and approximately $2 million in expense attributable to the evacuation slide interruption. The expense associated with the slide event is isolated to September and resulted in higher aircraft lease rentals expense as we contracted with other carriers for sub-service of aircraft to move some of our customers, higher station operations expense due to customer interrupted trip costs, and increased salary and benefits expense due to additional overtime
Salary and benefits expense per passenger increased 15 percent versus last year primarily due to an increase in the number of full time equivalents to support our growth, higher stock-based compensation expense and the continuation of the higher pay band for pilots which began in November 2012. The current pay band will continue through April 2014 when it will be subject to adjustment based on a trailing 12 month profitability test. Based on our forecasted profitability, we currently expect the pilot pay band to remain unchanged
Depreciation and amortization expense per passenger increased 8 percent primarily due to a change in estimated MD-80 engine residual values and useful life, and operating a larger contingent of 166 seat MD-80 aircraft
Other expense per passenger increased 31 percent due to a higher write-down of engine values in our consignment program compared to the prior year, non capitalizable information technology development costs, crew training for our growing Airbus fleet and costs to support a seasonal operating base in Los Angeles

	3Q13	3Q12	Change
Total System*:
Operating expense per passenger	$114.54	$108.92	5.2	%
Operating expense per passenger, excluding fuel	$63.37	$56.85	11.5	%
Operating expense per ASM (CASM) (cents)	10.58	10.29	2.8	%
Operating expense, excluding fuel per ASM (CASM ex fuel) (cents)	5.85	5.37	8.9	%
Average block hours per aircraft per day	5.1	5.2	(1.9	)%

*Total system includes scheduled service, fixed-fee contract and non-revenue flying.

Fourth Quarter 2013 Cost Trends

Salary and benefits expense is expected to increase due to additional staff required to support our growth
Maintenance and repair expense is expected to be slightly higher than fourth quarter 2012. For the full year, maintenance expense per aircraft per month is expected to be $100 thousand to $105 thousand as previously guided
Aircraft utilization is expected to decline 1.5%, which will pressure ex fuel unit costs when compared to fourth quarter 2012
Depreciation and amortization expense is expected to increase as seven A320 aircraft are scheduled to enter service in the fourth quarter. For the full year, depreciation per aircraft per month is expected to be between $92 thousand and $95 thousand, as previously guided

Third Party Products Performance

Rental car days increased 6.5 percent primarily due to a 18 percent increase in Florida passengers
Hotel net revenue excluding the effect of an air discount was higher by 39 percent versus last year. The company has phased out offering an air discount which has historically subsidized hotel sales

Supplemental Ancillary Revenue Information Unaudited (millions)	3Q13		3Q12		Change
Gross ancillary revenue – third party products	$28.7		$28.3		1.4	%
Cost of goods sold	($19.6	)	($18.5	)	5.9	%
Transaction costs*	($0.5	)	($0.8	)	(37.5	)%
Ancillary revenue – third party products	$8.6		$9.0		(4.4	)%
As percent of gross	30.1	%	31.9	%	(1.8)pp
As percent of income before taxes	31.3	%	33.6	%	(2.3)pp
Ancillary revenue – third party products/scheduled passenger	$5.06		$5.59		(9.5	)%

Hotel room nights (thousands)	144.4		163.4		(11.6	)%
Rental car days (thousands)	195.3		183.3		6.5	%

*Includes payment expenses and travel agency commissions.

Balance Sheet Highlights

Repurchased 491,000 shares for $47 million and have over $43 million in repurchase authority remaining. Year to date, the company has repurchased 880,991 shares at an average price of $85.64 per share
Issued $48.0 million in debt secured by four Airbus aircraft
Pre-paid $10.5 million in debt secured by four 757 aircraft
Spent $84.5 million in capital expenditures in the third quarter, the majority of which was driven by the purchase of five Airbus A320 aircraft
Closed a $10 million debt financing in October, secured by our new headquarters building acquired earlier this year

Unaudited (millions)	9/30/2013	12/31/2012	Change
Unrestricted cash*	$303.6	$352.7	(13.9	)%
Total debt	$179.7	$150.9	19.1	%
Total Allegiant Travel Company stockholders’ equity	$402.4	$400.5	0.5	%

Nine months ended September 30,
Unaudited (millions)	2013		2012
Capital expenditures	$161.6	$88.8		82.0	%

*Unrestricted cash includes investments in marketable securities.

At this time, Allegiant Travel Company provides the following guidance to investors, subject to revision.

Guidance, subject to revision

Revenue guidance	October 2013	4Q13
Estimated PRASM year-over-year change	5 to 7%	3 to 5%
Estimated TRASM year-over-year change	1 to 3%	0.5 to 2.5%

Fixed fee and other revenue guidance		4Q13
Fixed fee and other revenue (millions)		$3 to $5

Capacity guidance
System	4Q13	1Q14	FY13
Departure year-over-year growth	(4) to 0%	8 to 12%
ASM year-over-year growth	4 to 8%	10 to 14%	8 to 10%
Scheduled
Departure year-over-year growth	2 to 6%	8 to 12%
ASM year-over-year growth	8 to 12%	10 to 14%	13 to 15%

Cost guidance	4Q13		FY13
CASM ex fuel – year-over-year change	4.5 to 6.5%		4 to 5%

CAPEX guidance			FY13
Capital expenditures (millions)			$170 to $180

CASM ex fuel – cost per available seat mile excluding fuel expense

Aircraft fleet plan by end of period

Aircraft	4Q13	4Q14
MD-80 (166*)	51	53
MD-80 (non 166*)	1	–
757	6	6
A319	3	4
A320	7	9
Total	68	72

*166 refers to MD-80s that have been converted to 166 seat aircraft, non 166 refers to those aircraft that will not be converted
Aircraft listed in table above include only in service aircraft

In other news, the company announced new, nonstop jet service from Cincinnati-Northern Kentucky International Airport to Orlando-Sanford International Airport starting on February 12, 2014 and Punta Gorda Airport beginning on February 14, 2014.

This announcement marks the 100th U.S. city served by Allegiant’s low-cost, nonstop service to popular vacation destinations, more than any other low-cost carrier in the U.S.

Copyright Photo: Tony Storck/AirlinersGallery.com. Allegiant Air’s McDonnell Douglas DC-9-82 (MD-82) N408NV (msn 53246) in the Blue Man Group special livery lands at the Las Vegas hub and base. Allegiant moved to Concourse A at LAS on October 15.

Allegiant Air: