Allegiant Travel Company Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Operating Guidance for the Month of January 2014, First and Second Quarter and for the Full Year of 2014
For the full year, total operating revenue was $996,150,000, operating income was $154,737,000, income before income taxes was $146,680,000 and net income attributable to allegiant travel company was $92,273,000 or $4.82 per diluted share against total operating revenue was $908,719,000, operating income was $132,304,000, income before income taxes was $124,647,000 and net income attributable to allegiant travel company was $78,597,000 or $4.06 per diluted share for the same period a year ago. EBITDA was $224,887,000 against $190,089,000 a year ago. Capital expenditures were $177.6 million against $105.1 million a year ago.
For the quarter, passengers were 1,709,289, revenue passenger miles (RPMs) was 1,646,717,000, available seat miles (ASMs) were 1,961,632,000 and load factor was 83.9% against passengers of 1,666,501, revenue passenger miles (RPMs) was 1,578,841,000, available seat miles (ASMs) were 1,879,791,000 and load factor was 84.0% for the same period a year ago.
For the full year, passengers were 7,241,063, revenue passenger miles (RPMs) was 7,129,416,000, available seat miles (ASMs) were 8,146,135,000 and load factor was 87.5% against passengers of 6,987,324, revenue passenger miles (RPMs) was 6,514,056,000, available seat miles (ASMs) were 7,487,276,000 and load factor was 87.0% for the same period a year ago.
For the month of January 2014, the company expects estimated PRASM year-over-year is to be 6.5% to 8.5% and estimated TRASM year-over-year is to be 2% to 4%.
For the first quarter of 2014, the company expects estimated PRASM year-over-year is to be negative 2% to 0%, estimated TRASM year-over-year is to be negative 4% to 2%, and ASM year-over-year growth is expected to 10% to 14%.
For the second quarter of 2014, the company's ASM year-over-year growth is expected to 8% to 12%.
For the year 2014, the company's ASM year-over-year growth is expected to 9% to 13% and capital expenditures expected to be $60 million to $80 million.