SOURCE: Allegiant Travel Company

Allegiant Travel Company

June 07, 2016 16:00 ET

Allegiant Reports May 2016 Traffic

LAS VEGAS, NV--(Marketwired - June 07, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2016.

Scheduled Service
  May 2016  May 2015  Change
 Passengers 880,216  739,691  19.0%
 Revenue passenger miles (000) 807,299  693,099  16.5%
 Available seat miles (000) 948,875  806,025  17.7%
 Load factor 85.1%  86.0%  (0.9) pts
 Departures 6,250  5,187  20.5%
 Average stage length (miles) 894  914  (2.2%)
      
      
Total System*
   May 2016  May 2015  Change
 Passengers  889,617  753,144  18.1%
 Revenue passenger miles (000)  819,161  704,433  16.3%
 Available seat miles (000)  982,492  828,617  18.6%
 Load factor  83.4%  85.0%  (1.6) pts
 Departures  6,524  5,423  20.3%
 Average stage length (miles)  888  899  (1.2%)

*Total system includes scheduled service and fixed fee contract.

 
 
Preliminary Financial Results
   Change
April 2016 actual year-over-year   
Scheduled total revenue per scheduled ASM (TRASM) change  (11.5%)
May 2016 estimated year-over-year TRASM change  (7.8%) to (7.4%)
    
   $ per gallon
May 2016 estimated average fuel cost per gallon - system  $1.54
May 2016 estimated average fuel cost per gallon - scheduled  $1.54
   
   
Guidance

Capacity guidance, subject to revision
 Year over Year Growth
   Departures  ASMs
June 2016      
  Scheduled  +21%  +20%
       
2nd Quarter 2016      
  System  +16 to 18%  +15 to 17%
  Scheduled  +16 to 18%  +15 to 17%
       
3rd Quarter 2016      
  System  +18 to 22%  +15 to 19%
  Scheduled  +18 to 22%  +15 to 19%
      

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 the 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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