SOURCE: Allegiant Travel Company

Allegiant Travel Company

February 04, 2016 17:42 ET

Allegiant Reports January 2016 Traffic

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

Scheduled Service
 
    January 2016     January 2015     Change  
Passengers   728,208     636,219     14.5 %
Revenue passenger miles (000)   700,207     616,523     13.6 %
Available seat miles (000)   851,823     712,724     19.5 %
Load factor   82.2 %   86.5 %   (4.3) pts  
Departures   5,396     4,476     20.6 %
Average stage length (miles)   926     935     (1.0 )%
                   
                   
                   
Total System *
 
    January 2016     January 2015     Change  
Passengers   737,354     646,349     14.1 %
Revenue passenger miles (000)   713,702     626,327     14.0 %
Available seat miles (000)   886,076     736,961     20.2 %
Load factor   80.5 %   85.0 %   (4.5) pts  
Departures   5,624     4,688     20.0 %
Average stage length (miles)   924     923     0.1 %

*Total system includes scheduled service and fixed fee contract.

 
Preliminary Financial Results
 
  Change  
December 2015 actual year-over-year    
Scheduled total revenue per scheduled ASM (TRASM) change (12.4 %)
     
January 2016 estimated year-over-year TRASM change (14.1%) to (13.7 %)
     
  $ per gallon  
January 2016 estimated average fuel cost per gallon - system $1.27  
January 2016 estimated average fuel cost per gallon - scheduled $1.27  
     
     
     
Guidance
 
Capacity guidance, subject to revision Year over Year Growth  
     
  Departures   ASMs  
February 2016        
  Scheduled +21 % +23 %
         
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

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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