SOURCE: Allegiant Travel Company

Allegiant Travel Company

February 06, 2017 17:15 ET

Allegiant Reports January 2017 Traffic

LAS VEGAS, NV --(Marketwired - February 06, 2017) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2017.

Scheduled Service

          
   January 2017  January 2016  Change
Passengers  850,724  728,208  16.8%
Revenue passenger miles (000)  787,585  700,207  12.5%
Available seat miles (000)  986,001  851,823  15.8%
Load factor  79.9%  82.2%  (2.3) pts
Departures  6,560  5,396  21.6%
Average stage length (miles)  894  926  (3.5%)
          

Total System*

          
   January 2017  January 2016  Change
Passengers  862,851  737,354  17.0%
Revenue passenger miles (000)  802,742  713,702  12.5%
Available seat miles (000)  1,035,439  886,076  16.9%
Load factor  77.5%  80.5%  (3.0) pts
Departures  6,908  5,624  22.8%
Average stage length (miles)  891  924  (3.6%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

   Change
Dec 2016 actual year-over-year   
 Scheduled total revenue per scheduled ASM (TRASM) change  (4.4%)
    
Jan 2017 estimated year-over-year TRASM change  (6.9%) to (6.5%)
   
   $ per gallon
Jan 2017 estimated average fuel cost per gallon - system  $1.82

Guidance

    
Capacity guidance, subject to revision  Year over Year Growth    
   Departures  ASMs
February 2017      
 Scheduled  +12%  +8%
       
1st Quarter 2017      
 System  +14 to 18%  +10 to 14%
 Scheduled  +14 to 18%  +10 to 14%
       
2nd Quarter 2017      
 System  +14 to 18%  +11 to 15%
 Scheduled  +14 to 18%  +11 to 15%

ASMs - Available seat miles

About Allegiant

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 the 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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