SOURCE: Allegiant Travel Company

Allegiant Travel Company

November 07, 2016 16:00 ET

Allegiant Reports October 2016 Traffic

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

 
Scheduled Service
 
   October 2016  October 2015  Change
Passengers  858,531  724,562  18.5%
Revenue passenger miles (000)  766,193  669,662  14.4%
Available seat miles (000)  922,715  800,620  15.3%
Load factor  83.0%  83.6%  (0.6) pts
Departures  6,316  5,194  21.6%
Average stage length (miles)  871  903  (3.5%)
 
Total System*
 
   October 2016  October 2015  Change
Passengers  876,713  743,443  17.9%
Revenue passenger miles (000)  783,223  686,105  14.2%
Available seat miles (000)  970,449  834,726  16.3%
Load factor  80.7%  82.2%  (1.5) pts
Departures  6,752  5,516  22.4%
Average stage length (miles)  856  886  (3.4%)
*Total system includes scheduled service and fixed fee contract.
 
Preliminary Financial Results
  Change

Sep 2016 actual year-over-year
 
 Scheduled total revenue per scheduled ASM (TRASM) change (5.7%)
  
Oct 2016 estimated year-over-year TRASM change (6.6%) to (6.2%)
  
  $ per gallon
Oct 2016 estimated average fuel cost per gallon - system $1.77
 
Guidance
 

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

November 2016
   
 Scheduled +13% +9%
     
 4th Quarter 2016    
 System +15 to 19% +10 to 14%
 Scheduled +15 to 19% +10 to 14%
     
 1st Quarter 2017    
 System +14 to 18% +10 to 14%
 Scheduled +14 to 18% +10 to 14%
ASMs - Available seat miles

About Allegiant

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/iiFa303wrtF.

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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