SOURCE: Allegiant Travel Company

Allegiant Travel Company

January 08, 2016 16:00 ET

Allegiant Reports December 2015 Traffic

LAS VEGAS, NV--(Marketwired - January 08, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2015. 

   Scheduled Service     
           
  December 2015   December 2014   Change
Passengers 839,848   716,694   17.2%
Revenue passenger miles (000) 799,076   684,073   16.8%
Available seat miles (000) 968,333   794,842   21.8%
Load factor 82.5%   86.1%   (3.6) pts
Departures 6,142   5,044   21.8%
Average stage length (miles) 926   926   0.0%
           
  4Q 2015   4Q 2014   Change
Passengers 2,320,853   1,921,585   20.8%
Revenue passenger miles (000) 2,173,930   1,810,322   20.1%
Available seat miles (000) 2,623,873   2,093,833   25.3%
Load factor 82.9%   86.5%   (3.6) pts
Departures 16,850   13,423   25.5%
Average stage length (miles) 914   916   (0.2%)
           
  YTD 2015   YTD 2014   Change
Passengers 9,355,097   8,017,442   16.7%
Revenue passenger miles (000) 8,821,908   7,711,696   14.4%
Available seat miles (000) 10,236,075   8,693,631   17.7%
Load factor 86.2%   88.7%   (2.5) pts
Departures 65,683   54,440   20.7%
Average stage length (miles) 915   934   (2.0%)
           
   Total System*     
           
  December 2015   December 2014   Change
Passengers 844,725   727,407   16.1%
Revenue passenger miles (000) 805,167   692,181   16.3%
Available seat miles (000) 990,560   813,086   21.8%
Load factor 81.3%   85.1%   (3.8) pts
Departures 6,324   5,247   20.5%
Average stage length (miles) 919   910   1.0%
           
  4Q 2015   4Q 2014   Change
Passengers 2,360,735   1,966,058   20.1%
Revenue passenger miles (000) 2,210,736   1,846,164   19.7%
Available seat miles (000) 2,712,464   2,169,062   25.1%
Load factor 81.5%   85.1%   (3.6) pts
Departures 17,677   14,178   24.7%
Average stage length (miles) 900   898   0.2%
           
  YTD 2015   YTD 2014   Change
Passengers 9,500,611   8,154,357   16.5%
Revenue passenger miles (000) 8,944,952   7,825,962   14.3%
Available seat miles (000) 10,526,610   8,944,665   17.7%
Load factor 85.0%   87.5%   (2.5) pts
Departures 68,653   56,961   20.5%
Average stage length (miles) 900   918   (2.0%)
           

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

November 2015 actual year-over-year    
  Scheduled total revenue per scheduled ASM (TRASM) change   (7.7%)
     
December 2015 estimated year-over-year TRASM change   (12.8%) to (12.4%)
Fourth quarter 2015 estimated year-over-year TRASM change   (11.1%) to (10.7%)
     
    $ per gallon
December 2015 estimated average fuel cost per gallon - system   $1.48
December 2015 estimated average fuel cost per gallon - scheduled   $1.48
     
    $ per gallon
Fourth quarter 2015 estimated average fuel cost per gallon - system   $1.61
Fourth quarter 2015 estimated average fuel cost per gallon - scheduled   $1.61
     
  Guidance  
   
Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
January 2016    
  Scheduled +18% +19%
     
1st Quarter 2016    
  System +14 to 18% +15 to 19%
  Scheduled +14 to 18% +15 to 19%
     
2nd Quarter 2016    
  System +13 to 17% +12 to 16%
  Scheduled +13 to 17% +12 to 16%
       

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

Cost guidance   4th Quarter 2015
     
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change   (32.4%) to (32.0%)
     
CASM-ex fuel (excluding non-cash AC impairment charge) - year over year change   (11.7%) to (11.3%)
     
Fixed fee and other revenue guidance   4th Quarter 2015
     
Fixed fee revenue and other revenue (millions)   $14.5 to $15.5
     

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 four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/VB3OR.

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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