SOURCE: Allegiant Travel Company

Allegiant Travel Company

November 05, 2015 17:30 ET

Allegiant Reports October 2015 Traffic

LAS VEGAS, NV--(Marketwired - November 05, 2015) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2015.

 
Scheduled Service
 
   Oct. 2015  Oct. 2014  Change
Passengers  724,562  588,853  23.0%
Revenue passenger miles (000)  669,662  546,761  22.5%
Available seat miles (000)  800,620  622,235  28.7%
Load factor  83.6%  87.9%  (4.3) pts
Departures  5,194  4,049  28.3%
Average stage length (miles)  903  901  0.2%
          
 
Total System*
 
   Oct. 2015  Oct. 2014  Change
Passengers  743,443  607,468  22.4%
Revenue passenger miles (000)  686,105  560,582  22.4%
Available seat miles (000)  834,726  652,983  27.8%
Load factor  82.2%  85.8%  (3.6) pts
Departures  5,516  4,365  26.4%
Average stage length (miles)  886  878  0.9%
*Total system includes scheduled service and fixed fee contract.
 
Preliminary Financial Results
 
  Change
Sep. 2015 actual year-over-year  
 Scheduled total revenue per scheduled ASM (TRASM) change (7.4%)
   
Oct. 2015 estimated year-over-year TRASM change (11.4%) to (11.0%)
   
  $ per gallon
Oct. 2015 estimated average fuel cost per gallon - system $1.72
Oct. 2015 estimated average fuel cost per gallon - scheduled $1.72
   
 
Guidance

Capacity guidance, subject to revision
 Year over Year Growth
   Departures  ASMs
Nov. 2015      
 Scheduled  +26%  +26%
       
4th Quarter 2015      
 System  +22 to 26%  +22 to 26%
 Scheduled  +22 to 26%  +22 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 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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