SOURCE: Allegiant Travel Company

Allegiant Travel Company

August 04, 2016 18:26 ET

Allegiant Reports July 2016 Traffic

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

Scheduled Service

 
   July 2016  July 2015  Change
Passengers  1,243,436  1,046,534  18.8%
Revenue passenger miles (000)  1,130,582  970,786  16.5%
Available seat miles (000)  1,262,218  1,073,453  17.6%
Load factor  89.6%  90.4%  (0.8) pts
Departures  8,412  7,022  19.8%
Average stage length (miles)  884  897  (1.4%)
          

Total System*

          
   July 2016  July 2015  Change
Passengers  1,252,491  1,056,365  18.6%
Revenue passenger miles (000)  1,143,882  979,055  16.8%
Available seat miles (000)  1,294,741  1,091,750  18.6%
Load factor  88.3%  89.7%  (1.4) pts
Departures  8,674  7,246  19.7%
Average stage length (miles)  881  885  (0.5%)
       

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

    
   Change
Jun 2016 actual year-over-year   
   
 Scheduled total revenue per scheduled ASM (TRASM) change  (8.6%)
    
July 2016 estimated year-over-year TRASM change  (7.7%) to (7.3%)
   
   $ per gallon
   
July 2016 estimated average fuel cost per gallon - system  $1.61
July 2016 estimated average fuel cost per gallon - scheduled  $1.62
    

Guidance

    

Capacity guidance, subject to revision
 Year over Year Growth
   Departures  ASMs

August 2016
     
 Scheduled  +13%  +11%
       
3rd Quarter 2016      
 System  +18 to 22%  +15 to 19%
 Scheduled  +18 to 22%  +15 to 19%
       
4th Quarter 2016      
 System  +14 to 18%  +9 to 13%
 Scheduled  +14 to 18%  +9 to 13%
      

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/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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