SOURCE: Allegiant Travel Company

Allegiant Travel Company

March 04, 2016 16:00 ET

Allegiant Reports February 2016 Traffic

LAS VEGAS, NV--(Marketwired - March 04, 2016) -  Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2016. 

Scheduled Service
 
    February 2016   February 2015   Change
             
Passengers   795,768   657,399   21.0%
             
Revenue passenger miles (000)   772,957   639,037   21.0%
             
Available seat miles (000)   904,103   732,950   23.4%
             
Load factor   85.5%   87.2%   (1.7) pts
             
Departures   5,643   4,578   23.3%
             
Average stage length (miles)   944   941   0.3%
             
             
             
Total System *
 
    February 2016   February 2015   Change
             
Passengers   802,908   668,056   20.2%
             
Revenue passenger miles (000)   783,200   646,440   21.2%
             
Available seat miles (000)   931,953   753,490   23.7%
             
Load factor   84.0%   85.8%   (1.8) pts
             
Departures   5,849   4,788   22.2%
             
Average stage length (miles)   940   925   1.6%
             
             
             

*Total system includes scheduled service and fixed fee contract.

 
 
Preliminary Financial Results
 
    Change
     
January 2016 actual year-over-year    
     
Scheduled total revenue per scheduled ASM (TRASM) change   (13.7%)
     
     
February 2016 estimated year-over-year TRASM change   (12.7%) to (12.3%)
     
     
    $ per gallon
     
February 2016 estimated average fuel cost per gallon - system   $1.25
     
February 2016 estimated average fuel cost per gallon - scheduled   $1.25
     
     
     
     
Guidance
 
  Year over Year Growth 
Capacity guidance, subject to revision  
  Departures ASMs
March 2016    
  Scheduled +12% +12%
     
1st Quarter 2016    
  System +16 to 18% +16 to 18%
  Scheduled +16 to 18% +16 to 18%
     
2nd Quarter 2016    
  System +14 to 18% +13 to 17%
  Scheduled +14 to 18% +13 to 17%
       

ASMs - Available seat miles

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/YFuyb.

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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