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Allegiant Reports September 2015 Traffic

2015-10-06 17:38 ET - News Release

LAS VEGAS, NV -- (Marketwired) -- 10/06/15

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%
                                                                            
4(th) Quarter 2015                                                          
     System                                           +22 to 26%  +22 to 26%
     Scheduled                                        +22 to 26%  +22 to 26%
                                                                            
1(st) 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                                                               
                                                          3(rd) 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                                        
                                                          3(rd) 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.

Allegiant Media Contact:
Jessica Wheeler
e-mail: mediarelations@allegiantair.com

Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com

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