SOURCE: Allegiant Travel Company

Allegiant Travel Company

December 04, 2015 20:27 ET

Allegiant Reports November 2015 Traffic

LAS VEGAS, NV--(Marketwired - December 04, 2015) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2015.

"Our November TRASM underperformed our expectation that was set in October," stated Jude Bricker, Senior Vice President of Planning. "While peak demand is holding firm, the significant amount of off peak flying in the beginning of December is causing us to lower our fourth quarter TRASM forecast to between negative 11 percent and negative 10 percent. This is down from our previous forecast of negative 10.5 percent to negative 8.5 percent."

Scheduled Service

  November 2015  November 2014  Change  
Passengers 756,443  616,038  22.8 %
Revenue passenger miles (000) 705,192  579,487  21.7 %
Available seat miles (000) 854,920  676,756  26.3 %
Load factor 82.5 %85.6 %(3.1) pts  
Departures 5,514  4,330  27.3 %
Average stage length (miles) 912  917  (0.5 )%

Total System*

  November 2015  November 2014  Change  
Passengers 772,567  631,183  22.4 %
Revenue passenger miles (000) 719,464  593,400  21.2 %
Available seat miles (000) 887,178  702,993  26.2 %
Load factor 81.1 %84.4 %(3.3) pts  
Departures 5,837  4,566  27.8 %
Average stage length (miles) 894  903  (1.0 )%

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

   Change
October 2015 actual year-over-year   
Scheduled total revenue per scheduled ASM (TRASM) change  (11.0%)
    
November 2015 estimated year-over-year TRASM change  (8.1%) to (7.7%)
    
   $ per gallon
November 2015 estimated average fuel cost per gallon - system  $1.65
November 2015 estimated average fuel cost per gallon - scheduled  $1.66

Guidance

Capacity guidance, subject to revision
Year over Year Growth
  
 Departures
ASMs
December 2015    
 Scheduled +19% +21%
     
4th Quarter 2015    
 System +24 to 26% +24 to 26%
 Scheduled +24 to 26% +24 to 26%
     
1st Quarter 2016    
 System +14 to 18% +15 to 19%
 Scheduled +14 to 18% +15 to 19%

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 five consecutive years. In 2014, AVIATION WEEK ranked Allegiant the Top-Performing Airline in North America for the third consecutive year. For a downloadable press kit, including photos, visit: http://gofly.us/PBqgm.

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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