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Allegiant Reports February 2017 Traffic

LAS VEGAS, NV -- (Marketwired) -- 03/06/17 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2017.

"February unit revenue came in as expected," stated Lukas Johnson, SVP, Commercial. "We expect to see March year over year TRASM performance be slightly better than February and are comfortable with maintaining our first quarter TRASM guidance of a year over year decrease between 3.5 and 1.5 percent versus the first quarter of last year."

Scheduled Service

  February 2017   February 2016   Change
  Passengers 851,185   795,768   7.0%
  Revenue passenger miles (000) 801,502   772,957   3.7%
  Available seat miles (000) 982,056   904,103   8.6%
  Load factor 81.6%   85.5%   (3.9) pts
  Departures 6,419   5,643   13.8%
  Average stage length (miles) 911   944   (3.5%)
           

Total System *

  February 2017   February 2016   Change
  Passengers 863,806   802,908   7.6%
  Revenue passenger miles (000) 817,784   783,200   4.4%
  Available seat miles (000) 1,026,229   931,953   10.1%
  Load factor 79.7%   84.0%   (4.3) pts
  Departures 6,750   5,849   15.4%
  Average stage length (miles) 906   940   (3.6%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

  Change
  Jan 2017 actual year-over-year  
    Scheduled total revenue per scheduled ASM (TRASM) change (6.5%)
   
  Feb 2017 estimated year-over-year TRASM change (3.2%) to (2.8%)
  $ per gallon
  Feb 2017 estimated average fuel cost per gallon - system $1.84
 
   
   
   

Guidance

   

Capacity guidance, subject to revision
Year over Year Growth
  Departures   ASMs
  March 2017      
    Scheduled +14%   +11%
       
  1st Quarter 2017      
    System +15 to 17%   +11 to 13%
    Scheduled +15 to 17%   +11 to 13%
       
  2nd Quarter 2017      
    System +14 to 18%   +11 to 15%
    Scheduled +14 to 18%   +11 to 15%

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.

Allegiant Media Contact:
Hilarie Grey
e-mail: mediarelations@allegiantair.com

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

Source: Allegiant Travel Company