SOURCE: Allegiant Travel Company

Allegiant Travel Company

September 04, 2014 19:50 ET

Allegiant Reports August 2014 Traffic

LAS VEGAS, NV--(Marketwired - September 04, 2014) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2014.

    
    
 Scheduled Service
  Aug 2014 Aug 2013 Change
Passengers 657,307 560,516 17.3%
Revenue passenger miles (000) 623,677 542,771 14.9%
Available seat miles (000) 688,798 590,812 16.6%
Load factor 90.5% 91.9% (1.4) pts
Departures 4,367 3,683 18.6%
Average stage length (miles) 919 934 (1.6%)
       
    
    
 Total System*
  Aug 2014 Aug 2013 Change
Passengers 666,410 571,146 16.7%
Revenue passenger miles (000) 630,519 550,765 14.5%
Available seat miles (000) 708,872 608,314 16.5%
Load factor 88.9% 90.5% (1.6) pts
Departures 4,585 3,883 18.1%
Average stage length (miles) 902 914 (1.4%)
*Total system includes scheduled service and fixed fee contract.
  
  
Preliminary Financial Results
  Change
July 2014 actual year-over-year  
 Scheduled revenue per scheduled ASM (PRASM) change 3.7%
July 2014 actual year-over-year  
 Scheduled total revenue per scheduled ASM (TRASM) change 3.1%
   
   
Aug 2014 estimated year-over-year PRASM change (1.1)% to (0.7)%
Aug 2014 estimated year-over-year TRASM change (0.9)% to (0.5)%
   
  $ per gallon
Aug 2014 estimated average fuel cost per gallon - system $3.12
Aug 2014 estimated average fuel cost per gallon - scheduled $3.16
  
  
Guidance

Capacity guidance, subject to revision
Year over Year Growth
  Departures ASMs
September 2014    
 Scheduled +10% +10%
     
3rd Quarter 2014    
 System +11 to 13% +10 to 12%
 Scheduled +11 to 13% +10 to 12%
     
4th Quarter 2014    
 System +9 to 13% +8 to 12%
 Scheduled +9 to 13% +8 to 12%
   
   

ASMs - Available seat miles

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://gofly.us/B6R50

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, Travel is our deal.®
Las Vegas-based Allegiant Travel Company (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, Allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for five consecutive years. In 2014, AVIATION WEEK ranked Allegiant the Top-Performing Airline in North America for the third consecutive year. For downloadable press kit, including photos, visit: http://gofly.us/xG7se.

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