SOURCE: Allegiant Travel Company

Allegiant Travel Company

September 06, 2016 19:35 ET

Allegiant Reports August 2016 Traffic

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

"August revenue was stronger than we anticipated, particularly during the back half of the month," stated Jude Bricker, COO and SVP of Planning. "We expect this trend to continue into September. As such, we are now expecting our third quarter, year over year TRASM to decline between 8.5 and 7.5 percent versus our previous guidance of a decline between 10.5 and 8.5 percent."

Scheduled Service

   August 2016  August 2015  Change
Passengers  926,694  806,133  15.0%
Revenue passenger miles (000)  836,248  749,635  11.6%
Available seat miles (000)  965,939  868,017  11.3%
Load factor  86.6%  86.4%  0.2 pts
Departures  6,549  5,682  15.3%
Average stage length (miles)  872  894  (2.5%)
          

Total System*

   August 2016  August 2015  Change
Passengers  934,080  816,925  14.3%
Revenue passenger miles (000)  845,972  757,478  11.7%
Available seat miles (000)  1,006,059  890,296  13.0%
Load factor  84.1%  85.1%  (1.0) pts
Departures  6,870  5,932  15.8%
Average stage length (miles)  866  878  (1.4%)
*Total system includes scheduled service and fixed fee contract.
 

Preliminary Financial Results

  Change
Jul 2016 actual year-over-year  
 Scheduled total revenue per scheduled ASM (TRASM) change (7.3%)
   
Aug 2016 estimated year-over-year TRASM change (8.5%) to (8.1%)
  $ per gallon
Aug 2016 estimated average fuel cost per gallon -- system $1.49
Aug 2016 estimated average fuel cost per gallon -- scheduled $1.52
   

Guidance


Capacity guidance, subject to revision
Year over Year Growth
  Departures ASMs
September 2016    
 Scheduled +39% +31%
     
3rd Quarter 2016    
 System +21 to 23% +17 to 19%
 Scheduled +21 to 23% +17 to 19%
     
4th Quarter 2016    
 System +15 to 19% +10 to 14%
 Scheduled +15 to 19% +10 to 14%
ASMs -- Available seat miles
 

Allegiant, Travel is our deal.®

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 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.

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