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Allegiant Reports May 2016 Traffic

LAS VEGAS, NV -- (Marketwired) -- 06/07/16 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2016.

Scheduled Service
  May 2016   May 2015   Change
 Passengers 880,216   739,691   19.0%
 Revenue passenger miles (000) 807,299   693,099   16.5%
 Available seat miles (000) 948,875   806,025   17.7%
 Load factor 85.1%   86.0%   (0.9) pts
 Departures 6,250   5,187   20.5%
 Average stage length (miles) 894   914   (2.2%)
           
           
Total System *
    May 2016   May 2015   Change
 Passengers   889,617   753,144   18.1%
 Revenue passenger miles (000)   819,161   704,433   16.3%
 Available seat miles (000)   982,492   828,617   18.6%
 Load factor   83.4%   85.0%   (1.6) pts
 Departures   6,524   5,423   20.3%
 Average stage length (miles)   888   899   (1.2%)

*Total system includes scheduled service and fixed fee contract.

 
 
Preliminary Financial Results
    Change
April 2016 actual year-over-year    
Scheduled total revenue per scheduled ASM (TRASM) change   (11.5%)
May 2016 estimated year-over-year TRASM change   (7.8%) to (7.4%)
     
    $ per gallon
May 2016 estimated average fuel cost per gallon - system   $1.54
May 2016 estimated average fuel cost per gallon - scheduled   $1.54
     
     
Guidance

Capacity guidance, subject to revision
  Year over Year Growth
    Departures   ASMs
June 2016        
  Scheduled   +21%   +20%
         
2nd Quarter 2016        
  System   +16 to 18%   +15 to 17%
  Scheduled   +16 to 18%   +15 to 17%
         
3rd Quarter 2016        
  System   +18 to 22%   +15 to 19%
  Scheduled   +18 to 22%   +15 to 19%
           

ASMs -- Available seat miles

Allegiant, Travel is our deal.®

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/YFuyb.

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.

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

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

Source: Allegiant Travel Company