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Allegiant Reports September 2017 Traffic

LAS VEGAS, Oct. 10, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2017 and third quarter 2017. 

"In September, Hurricane Irma significantly impacted operations throughout our Florida network," stated Scott Sheldon, EVP, chief financial officer and chief operating officer.  "From September 6–12 we cancelled more than 455 flights, which represents over eight percent of our scheduled departures during the month and approximately two percent of planned ASM production during the quarter.  Despite the loss in scheduled flying, our TRASM results were minimally impacted. However, the loss in planned ASMs and costs associated with the cancellations added about one percentage point to our CASM ex fuel for the quarter."    

Scheduled Service






September 2017

September 2016

Change

Passengers

658,654

734,165

(10.3%)

Revenue passenger miles (000)

576,357

637,019

(9.5%)

Available seat miles (000)

730,573

769,372

(5.0%)

Load factor

78.9%

82.8%

(3.9) pts

Departures

5,107

5,437

(6.1%)

Average stage length (miles)

848

843

0.6%






3rd quarter 2017

3rd quarter 2016

Change

Passengers

2,998,476

2,904,295

3.2%

Revenue passenger miles (000)

2,618,446

2,603,849

0.6%

Available seat miles (000)

3,073,360

2,997,529

2.5%

Load factor

85.2%

86.9%

(1.7) pts

Departures

21,498

20,398

5.4%

Average stage length (miles)

849

869

(2.3%)





Total System*






September 2017

September 2016

Change

Passengers

684,318

752,484

(9.1%)

Revenue passenger miles (000)

600,735

655,680

(8.4%)

Available seat miles (000)

799,262

820,962

(2.6%)

Load factor

75.2%

79.9%

(4.7) pts

Departures

5,696

5,840

(2.5%)

Average stage length (miles)

832

836

(0.5%)






3rd quarter 2017

3rd quarter 2016

Change

Passengers

3,045,642

2,939,055

3.6%

Revenue passenger miles (000)

2,672,963

2,645,533

1.0%

Available seat miles (000)

3,220,246

3,121,762

3.2%

Load factor

83.0%

84.7%

(1.7) pts

Departures

22,723

21,384

6.3%

Average stage length (miles)

842

864

(2.5%)





*Total system includes scheduled service and fixed fee contract.

 

Preliminary Financial Results




$ per gallon

September 2017 estimated average fuel cost per gallon – system

$2.03


$ per gallon

3rd quarter 2017 estimated average fuel cost per gallon – system

$1.81

 

Guidance



Capacity guidance, subject to revision

Year over Year Growth


Departures

ASMs

October 2017



            Scheduled

+14%

+15%




4th Quarter 2017



            System

+7 to 11%

+9 to 13%

            Scheduled

+7 to 11%

+9 to 13%




1st Quarter 2018



            System

+8 to 12%

+10 to 14%

            Scheduled

+8 to 12%

+10 to 14%




ASMs – Available seat miles

 

Quarterly guidance, subject to revision


3rd quarter 2017



Current TRASM guidance

0.3 to 0.7%



            Previous TRASM guidance – July 26, 2017

(0.5) to 1.5%



Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change

16.7 to 17.1%



            Previous CASM-ex fuel guidance – July 26, 2017

16 to 18%



Fixed fee revenue and other revenue (millions)

$22.0 to $22.5



            Previous fixed fee and other revenue guidance – July 26, 2017

$17 to $19

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 and rental cars. 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 more than 85 aircraft and 350 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:

Investor Inquiries:

Hilarie Grey

Chris Allen

e-mail: mediarelations@allegiantair.com

e-mail: ir@allegiantair.com

 

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SOURCE Allegiant Travel Company