SOURCE: Allegiant Travel Company

Allegiant Travel Company

April 06, 2016 16:01 ET

Allegiant Reports March 2016 Traffic

LAS VEGAS, NV--(Marketwired - April 06, 2016) -  Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2016. 

 
Scheduled Service
 
    March 2016   March 2015   Change
  Passengers   1,043,333   930,085   12.2%
  Revenue passenger miles (000)   1,010,390   908,058   11.3%
  Available seat miles (000)   1,142,024   1,012,030   12.8%
  Load factor   88.5%   89.7%   (1.2) pts
  Departures   7,136   6,267   13.9%
  Average stage length (miles)   947   949   (0.2%)
               
      Q1 2016   Q1 2015   Change
  Passengers   2,567,309   2,223,703   15.5%
  Revenue passenger miles (000)   2,483,553   2,163,618   14.8%
  Available seat miles (000)   2,897,951   2,457,705   17.9%
  Load factor   85.7%   88.0%   (2.3) pts
  Departures   18,175   15,321   18.6%
  Average stage length (miles)   940   943   (0.3%)
             
Total System*
 
    March 2016   March 2015   Change
  Passengers   1,052,645   941,830   11.8%
  Revenue passenger miles (000)   1,023,248   918,701   11.4%
  Available seat miles (000)   1,183,356   1,035,579   14.3%
  Load factor   86.5%   88.7%   (2.2) pts
  Departures   7,445   6,511   14.3%
  Average stage length (miles)   940   936   0.4%
               
      Q1 2016   Q1 2015   Change
  Passengers   2,592,907   2,256,235   14.9%
  Revenue passenger miles (000)   2,520,149   2,191,468   15.0%
  Available seat miles (000)   3,001,384   2,526,031   18.8%
  Load factor   84.0%   86.8%   (2.8) pts
  Departures   18,918   15,987   18.3%
  Average stage length (miles)   935   929   0.6%
             
*Total system includes scheduled service and fixed fee contract.
             
 
Preliminary Financial Results
     
    Change
  February 2016 actual year-over-year    
    Scheduled total revenue per scheduled ASM (TRASM) change   (12.3%)
     
     
  March 2016 estimated year-over-year TRASM change   (7.2%) to (6.8%)
       
  Q1 2016 estimated year-over-year TRASM change   (10.9%) to (10.5%)
       
    $ per gallon
  March 2016 estimated average fuel cost per gallon - system   $1.34
  March 2016 estimated average fuel cost per gallon - scheduled   $1.34
     
    $ per gallon
  Q1 2016 estimated average fuel cost per gallon - system   $1.29
  Q1 2016 estimated average fuel cost per gallon - scheduled   $1.29
     
 
Guidance
 
  Capacity guidance, subject to revision   Year over Year Growth
      Departures   ASMs
  April 2016        
      Scheduled   +11%   +11%
           
  2nd Quarter 2016        
      System   +14 to 18%   +13 to 17%
      Scheduled   +14 to 18%   +13 to 17%
           
  3rd Quarter 2016        
      System   +18 to 22%   +15 to 19%
      Scheduled   +18 to 22%   +15 to 19%
               
ASMs - Available seat miles        
       
  Cost and revenue guidance, subject to revision
   
       
  Cost guidance    
      1st Quarter 2016
  Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change   (3.4) to (3.0%)
       
  Fixed fee and other revenue guidance    
      1st Quarter 2016
  Fixed fee revenue and other revenue (millions)   $14.0 to $15.0
     

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 airfares less than half the cost of average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/YFuyb.

The following files are available for download:

Contact Information