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Allegiant Reports September 2016 Traffic


/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - October 06, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2016.

Scheduled Service

                                September 2016  September 2015      Change  
                                --------------- ---------------  -----------
Passengers                             734,165         530,889        38.3% 
Revenue passenger miles (000)          637,019         484,339        31.5% 
Available seat miles (000)             769,372         584,822        31.6% 
Load factor                               82.8%           82.8%  (0.0) pts  
Departures                               5,437           3,859        40.9% 
Average stage length (miles)               843             887        (5.0%)
                                                                            
                                   3rd quarter     3rd quarter              
                                          2016            2015      Change  
                                --------------- ---------------  -----------
Passengers                           2,904,295       2,383,556        21.8% 
Revenue passenger miles (000)        2,603,849       2,204,760        18.1% 
Available seat miles (000)           2,997,529       2,526,292        18.7% 
Load factor                               86.9%           87.3%  (0.4) pts  
Departures                              20,398          16,563        23.2% 
Average stage length (miles)               869             894        (2.8%)

Total System*

                                 September 2016  September 2015     Change  
                                 --------------- --------------- -----------
Passengers                              752,484         547,529       37.4% 
Revenue passenger miles (000)           655,680         499,151       31.4% 
Available seat miles (000)              820,962         615,612       33.4% 
Load factor                                79.9%           81.1% (1.2) pts  
Departures                                5,840           4,152       40.7% 
Average stage length (miles)                836             868       (3.7%)
                                                                            
                                   3rd quarter     3rd quarter              
                                          2016            2015      Change  
                                --------------- ---------------  -----------
Passengers                           2,939,055       2,420,819        21.4% 
Revenue passenger miles (000)        2,645,533       2,235,683        18.3% 
Available seat miles (000)           3,121,762       2,597,658        20.2% 
Load factor                               84.7%           86.1%  (1.4) pts  
Departures                              21,384          17,330        23.4% 
Average stage length (miles)               864             878        (1.6%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

                                                                    Change  
August 2016 actual year-over-year                                           
  Scheduled total revenue per scheduled ASM (TRASM)                         
   change                                                             (8.1%)
                                                                            
                                                                            
September 2016 estimated year-over-year TRASM change        (6.1%) to (5.7%)
3rd quarter 2016 estimated year-over-year TRASM change      (7.8%) to (7.4%)
                                                                            
                                                              $ per gallon  
September 2016 estimated average fuel cost per gallon -                     
 system                                                              $1.60  
September 2016 estimated average fuel cost per gallon -                     
 scheduled                                                           $1.61  
                                                                            
                                                              $ per gallon  
3rd quarter 2016 estimated average fuel cost per gallon                     
 - system                                                            $1.57  
3rd quarter 2016 estimated average fuel cost per gallon                     
 - scheduled                                                         $1.59  

Guidance

Capacity guidance, subject to revision

                                                    Year over Year Growth   
                                                    Departures         ASMs 
----------------------------------------------------------------------------
October 2016                                                                
  Scheduled                                                +23%         +18%
                                                                            
4th Quarter 2016                                                            
  System                                             +15 to 19%   +10 to 14%
  Scheduled                                          +15 to 19%   +10 to 14%
                                                                            
1st Quarter 2017                                                            
  System                                             +14 to 18%   +10 to 14%
  Scheduled                                          +14 to 18%   +10 to 14%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

                                                                            
Cost guidance                                                               
                                                           3rd Quarter 2016 
Cost per available seat mile excluding fuel (CASM-ex                        
 fuel) - year over year change                                   0.8 to 1.2%
                                                                            
Fixed fee and other revenue guidance                                        
                                                           3rd Quarter 2016 
Fixed fee revenue and other revenue (millions)               $16.5 to $17.5 

Allegiant, Travel is our deal.®

About Allegiant

Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.

ALGT/G

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company's investor website: http://ir.allegiantair.com

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future departure and capacity growth. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "guidance","believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "hope" or similar expressions.

Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports filed with the Securities and Exchange Commission at www.sec.gov.

Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.

Allegiant Media Contact:
Hilarie Grey
e-mail: mediarelations@allegiantair.com

Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com