Press Release

Allegiant Reports December 2016 Traffic

LAS VEGAS, NV -- (Marketwired) -- 01/09/17 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2016, fourth quarter 2016, and full year 2016.

Scheduled Service

  December 2016 December 2015 Change
Passengers 969,503 839,848 15.4%
Revenue passenger miles (000) 883,460 799,076 10.6%
Available seat miles (000) 1,096,561 968,333 13.2%
Load factor 80.6% 82.5% (1.9) pts
Departures 7,352 6,142 19.7%
Average stage length (miles) 887 926 (4.2%)
  4th Quarter 2016 4th Quarter 2015 Change
Passengers 2,682,148 2,320,853 15.6%
Revenue passenger miles (000) 2,416,503 2,173,930 11.2%
Available seat miles (000) 2,954,118 2,623,873 12.6%
Load factor 81.8% 82.9% (1.1) pts
Departures 20,003 16,850 18.7%
Average stage length (miles) 879 914 (3.8%)
  YTD 2016 YTD 2015 Change
Passengers 11,003,864 9,355,097 17.6%
Revenue passenger miles (000) 10,130,675 8,821,908 14.8%
Available seat miles (000) 11,921,733 10,236,075 16.5%
Load factor 85.0% 86.2% (1.2) pts
Departures 78,747 65,683 19.9%
Average stage length (miles) 895 915 (2.2%)

Total System *

  December 2016 December 2015 Change
Passengers 974,319 844,725 15.3%
Revenue passenger miles (000) 888,443 805,167 10.3%
Available seat miles (000) 1,127,454 990,560 13.8%
Load factor 78.8% 81.3% (2.5) pts
Departures 7,660 6,324 21.1%
Average stage length (miles) 875 919 (4.8%)
  4th Quarter 2016 4th Quarter 2015 Change
Passengers 2,717,769 2,360,735 15.1%
Revenue passenger miles (000) 2,451,391 2,210,736 10.9%
Available seat miles (000) 3,073,455 2,712,464 13.3%
Load factor 79.8% 81.5% (1.7) pts
Departures 21,070 17,677 19.2%
Average stage length (miles) 868 900 (3.6%)
  YTD 2016 YTD 2015 Change
Passengers 11,128,191 9,500,611 17.1%
Revenue passenger miles (000) 10,282,827 8,944,952 15.0%
Available seat miles (000) 12,375,505 10,526,610 17.6%
Load factor 83.1% 85.0% (1.9) pts
Departures 82,341 68,653 19.9%
Average stage length (miles) 889 900 (1.2%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

November 2016 actual year-over-year  
  Scheduled total revenue per scheduled ASM (TRASM) change (2.3%)
   
December 2016 estimated year-over-year TRASM change (4.8%) to (4.4%)
Fourth quarter 2016 estimated year-over-year TRASM change (4.7%) to (4.3%)
   
  $ per gallon
December 2016 estimated average fuel cost per gallon - system $1.77
   
  $ per gallon
Fourth quarter 2016 estimated average fuel cost per gallon - system $1.73

Guidance


Capacity guidance, subject to revision
Year over Year Growth
  Departures ASMs
January 2017    
  Scheduled +20% +16%
     
1st Quarter 2017    
  System +14 to 18% +10 to 14%
  Scheduled +14 to 18% +10 to 14%
     
2nd Quarter 2017    
  System +14 to 18% +11 to 15%
  Scheduled +14 to 18% +11 to 15%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

Cost guidance 4th Quarter 2016
   
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year change 9.6% to 10.0%
   
Fixed fee and other revenue guidance 4th Quarter 2016
   
Fixed fee revenue and other revenue (millions) $17.0 to $18.0

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