Allegiant Bares All in Investor Presentations

Allegiant recently had its investor day, and they've filed all their presentations as an 8-K with the feds. I'd recommend flipping through for a good read on the airline. Here are a few things I thought were worth pointing out.

• The airline is now up to 116 routes serving 65 cities with a mere 38 aircraft. Of those routes, only two (Vegas to Santa Barbara and Fresno) have any competition. That's incredible that they've avoided competition so well, but as they say, "Other airlines appear to see us as an annoyance, not a threat."
• Big capacity cuts in leisure destinations mean more business for them. It also means lower hotels rates, so they can sell a more compelling package deal.
• Fuel cost per passenger dropped from $58.27 in 3Q07 to $45.45 in 3Q08. Some of this is due to shorter stage lengths (down 9%) leading to 13% fewer gallons needed per passenger. At the same time, revenue per passenger was up 14%.
• They now get more than $32 in ancillary revenue per passenger.
• Nearly 90% of sales are on allegiantair.com where they charge an $11.50 fee to book.
• They see potential growth destinations in New York and Los Angeles as well as more expected places like Myrtle Beach, Savannah, and Southwest Florida. They're also looking internationally at Mexico and Caribbean as well as Hawai'i which would clearly need a new aircraft type.
• In the long term they're looking at 737-800 or A320 aircraft jammed full with seats, but they still love the MD-80 since it keeps getting cheaper