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Allegiant Reports October 2017 Traffic

LAS VEGAS, Nov. 7, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2017. 

"During our earnings call on October 25, 2017, we called out 3 to 3.5 percentage points of a TRASM headwind due to the impacts of Hurricane Irma in Florida and the mass shooting in Las Vegas," stated Lukas Johnson, senior vice president, commercial.  "At the time of the call, Florida had recovered but Las Vegas was still pacing below its previous trends.  But each week since, we have seen meaningful recovery in the Las Vegas market, and now believe demand has normalized to the levels seen before the tragic event of October 1."

 

Scheduled Service






October 2017

October 2016

Change

Passengers

998,646

858,531

16.3%

Revenue passenger miles (000)

877,771

766,193

14.6%

Available seat miles (000)

1,063,793

922,715

15.3%

Load factor

82.5%

83.0%

(0.5) pts

Departures

7,295

6,316

15.5%

Average stage length (miles)

861

871

(1.1%)

 

Total System*






October 2017

October 2016

Change

Passengers

1,021,348

876,713

16.5%

Revenue passenger miles (000)

897,650

783,223

14.6%

Available seat miles (000)

1,120,947

970,449

15.5%

Load factor

80.1%

80.7%

(0.6) pts

Departures

7,812

6,752

15.7%

Average stage length (miles)

848

856

(0.9%)





*Total system includes scheduled service and fixed fee contract.

 

Preliminary Financial Results




$ per gallon

Oct 2017 estimated average fuel cost per gallon – system

$1.97

 

Guidance



Capacity guidance, subject to revision

Year over Year Growth


Departures

ASMs

November 2017



            Scheduled

+8%

+10%




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 TRASM guidance, subject to revision


4th Quarter 2017

Current guidance

(3.0) to (0.5%)



            Previous TRASM guidance – October 25, 2017

(3.0) to (0.5%)

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