SOURCE: Allegiant Travel Company

Allegiant Travel Company

October 06, 2015 17:37 ET

Allegiant Reports September 2015 Traffic

LAS VEGAS, NV--(Marketwired - October 06, 2015) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September, 2015.

Scheduled Service

   Sep 2015  Sep 2014  Change
Passengers  530,889  450,306  17.9%
Revenue passenger miles (000)  484,339  419,329  15.5%
Available seat miles (000)  584,822  483,253  21.0%
Load factor 82.8% 86.8% (4.0) pts 
Departures  3,859  3,137  23.0%
Average stage length (miles)  887  896  (1.0%)
          
   3Q15  3Q14  Change
Passengers  2,383,556  1,940,348  22.8%
Revenue passenger miles (000)  2,204,760  1,839,640  19.8%
Available seat miles (000)  2,526,292  2,033,318  24.2%
Load factor 87.3% 90.5% (3.2) pts
Departures  16,563  12,925  28.1%
Average stage length (miles)  894  916  (2.4%)
       

Total System*

   Sep 2015  Sep 2014  Change
Passengers  547,529  468,240  16.9%
Revenue passenger miles (000)  499,151  436,590  14.3%
Available seat miles (000)  615,612  523,306  17.6%
Load factor  81.1%  83.4%  (2.3) pts
Departures  4,152  3,463  19.9%
Average stage length (miles)  868  878  (1.1%)
   3Q15  3Q14  Change
Passengers  2,420,819  1,971,917  22.8%
Revenue passenger miles (000)  2,235,683  1,867,660  19.7%
Available seat miles (000)  2,597,658  2,106,168  23.3%
Load factor  86.1%  88.7%  (2.6) pts
Departures  17,330  13,607  27.4%
Average stage length (miles)  878  902  (2.7%)
       
*Total system includes scheduled service and fixed fee contract.      
       

Preliminary Financial Results

   Change
Aug 2015 actual year-over-year   
 Scheduled total revenue per scheduled ASM (TRASM) change  (11.8%)
    
Sep 2015 estimated year-over-year TRASM change  (7.8%) to (7.4%)
3Q15 estimated year-over-year TRASM change  (8.6%) to (8.2%)
   $ per gallon
Sep 2015 estimated average fuel cost per gallon - system  $1.70
Sep 2015 estimated average fuel cost per gallon - scheduled  $1.71
    
   $ per gallon
3Q15 estimated average fuel cost per gallon - system  $1.82
3Q15 estimated average fuel cost per gallon - scheduled  $1.83
    

Guidance

 
Capacity guidance, subject to revision   
   Year over Year Growth
Departures
 ASMs
Oct 2015      
  Scheduled  +26%  +28%
       
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
 
Cost and revenue guidance, subject to revision
    
Cost guidance   
   3rd Quarter 2015
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change  (11.4) to (11.0%)
Fixed fee and other revenue guidance   
   3rd Quarter 2015
Fixed fee revenue and other revenue (millions)  $12.5 to $13.0

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.allegiant.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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