SOURCE: Allegiant Travel Company

Allegiant Travel Company

October 06, 2016 16:00 ET

Allegiant Reports September 2016 Traffic

LAS VEGAS, NV--(Marketwired - October 06, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2016.

Scheduled Service

  September 2016   September 2015   Change  
Passengers 734,165   530,889   38.3 %
Revenue passenger miles (000) 637,019   484,339   31.5 %
Available seat miles (000) 769,372   584,822   31.6 %
Load factor 82.8 % 82.8 % (0.0) pts  
Departures 5,437   3,859   40.9 %
Average stage length (miles) 843   887   (5.0 %)
             
  3rd quarter 2016   3rd quarter 2015   Change  
Passengers 2,904,295   2,383,556   21.8 %
Revenue passenger miles (000) 2,603,849   2,204,760   18.1 %
Available seat miles (000) 2,997,529   2,526,292   18.7 %
Load factor 86.9 % 87.3 % (0.4) pts  
Departures 20,398   16,563   23.2 %
Average stage length (miles) 869   894   (2.8 %)

Total System*

  September 2016   September 2015   Change  
Passengers 752,484   547,529   37.4 %
Revenue passenger miles (000) 655,680   499,151   31.4 %
Available seat miles (000) 820,962   615,612   33.4 %
Load factor 79.9 % 81.1 % (1.2) pts  
Departures 5,840   4,152   40.7 %
Average stage length (miles) 836   868   (3.7 %)
         
  3rd quarter 2016   3rd quarter 2015   Change  
Passengers 2,939,055   2,420,819   21.4 %
Revenue passenger miles (000) 2,645,533   2,235,683   18.3 %
Available seat miles (000) 3,121,762   2,597,658   20.2 %
Load factor 84.7 % 86.1 % (1.4) pts  
Departures 21,384   17,330   23.4 %
Average stage length (miles) 864   878   (1.6 %)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

  Change  
August 2016 actual year-over-year    
 Scheduled total revenue per scheduled ASM (TRASM) change (8.1 %)
     
     
September 2016 estimated year-over-year TRASM change (6.1%) to (5.7 %)
3rd quarter 2016 estimated year-over-year TRASM change (7.8%) to (7.4 %)
   
  $ per gallon  
September 2016 estimated average fuel cost per gallon - system $1.60  
September 2016 estimated average fuel cost per gallon - scheduled $1.61  
     
  $ per gallon  
3rd quarter 2016 estimated average fuel cost per gallon - system $1.57  
3rd quarter 2016 estimated average fuel cost per gallon - scheduled $1.59  

Guidance

Capacity guidance, subject to revision

  Year over Year Growth  
  Departures  ASMs  
October 2016       
 Scheduled +23 %+18 %
        
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

Cost and revenue guidance, subject to revision


Cost guidance
   
  3rd Quarter 2016  
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change 0.8 to 1.2 %
   
Fixed fee and other revenue guidance    
  3rd Quarter 2016  
Fixed fee revenue and other revenue (millions) $16.5 to $17.5  

Allegiant, Travel is our deal.®

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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