Press Release

Allegiant Reports October 2016 Traffic

LAS VEGAS, NV -- (Marketwired) -- 11/07/16 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2016.

 
Scheduled Service
 
    October 2016   October 2015   Change
Passengers   858,531   724,562   18.5%
Revenue passenger miles (000)   766,193   669,662   14.4%
Available seat miles (000)   922,715   800,620   15.3%
Load factor   83.0%   83.6%   (0.6) pts
Departures   6,316   5,194   21.6%
Average stage length (miles)   871   903   (3.5%)
 
Total System *
 
    October 2016   October 2015   Change
Passengers   876,713   743,443   17.9%
Revenue passenger miles (000)   783,223   686,105   14.2%
Available seat miles (000)   970,449   834,726   16.3%
Load factor   80.7%   82.2%   (1.5) pts
Departures   6,752   5,516   22.4%
Average stage length (miles)   856   886   (3.4%)
*Total system includes scheduled service and fixed fee contract.
 
Preliminary Financial Results
  Change

Sep 2016 actual year-over-year
 
  Scheduled total revenue per scheduled ASM (TRASM) change (5.7%)
   
Oct 2016 estimated year-over-year TRASM change (6.6%) to (6.2%)
   
  $ per gallon
Oct 2016 estimated average fuel cost per gallon - system $1.77
 
Guidance
 

Capacity guidance, subject to revision
Year over Year Growth
  Departures ASMs

November 2016
   
  Scheduled +13% +9%
     
 4th Quarter 2016    
  System +15 to 19% +10 to 14%
  Scheduled +15 to 19% +10 to 14%
     
 1st Quarter 2017    
  System +14 to 18% +10 to 14%
  Scheduled +14 to 18% +10 to 14%
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