Press Release

Allegiant Reports June 2017 Traffic

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

 

Scheduled Service



June 2017

June 2016

Change

Passengers

1,245,905

1,128,111

10.4%

Revenue passenger miles (000)

1,089,096

1,025,627

6.2%

Available seat miles (000)

1,261,370

1,181,113

6.8%

Load factor

86.3%

86.8%

(0.5) pts

Departures

8,865

7,905

12.1%

Average stage length (miles)

850

881

(3.5%)






2nd quarter 2017

2nd quarter 2016

Change

Passengers

3,266,789

2,850,112

14.6%

Revenue passenger miles (000)

2,903,257

2,626,770

10.5%

Available seat miles (000)

3,436,872

3,072,135

11.9%

Load factor

84.5%

85.5%

(1.0) pts

Departures

23,609

20,171

17.0%

Average stage length (miles)

869

897

(3.1%)


Total System*



June 2017

June 2016

Change

Passengers

1,260,950

1,137,690

10.8%

Revenue passenger miles (000)

1,110,572

1,039,829

6.8%

Available seat miles (000)

1,312,552

1,219,344

7.6%

Load factor

84.6%

85.3%

(0.7) pts

Departures

9,252

8,181

13.1%

Average stage length (miles)

848

879

(3.5%)






2nd quarter 2017

2nd quarter 2016

Change

Passengers

3,306,193

2,878,460

14.9%

Revenue passenger miles (000)

2,958,808

2,665,753

11.0%

Available seat miles (000)

3,584,209

3,178,904

12.7%

Load factor

82.6%

83.9%

(1.3) pts

Departures

24,721

20,969

17.9%

Average stage length (miles)

866

893

(3.0%)


*Total system includes scheduled service and fixed fee contract.



Preliminary Financial Results



$ per gallon

June 2017 estimated average fuel cost per gallon – system

$1.64




$ per gallon

2nd quarter 2017 estimated average fuel cost per gallon – system

$1.71


Guidance


Capacity guidance, subject to revision

Year over Year Growth


Departures

ASMs

July 2017



            Scheduled

+7%

+4%




3rd Quarter 2017



            System

+4 to 8%

+3 to 7%

            Scheduled

+4 to 8%

+3 to 7%




4th Quarter 2017



            System

+7 to 11%

+9 to 13%

            Scheduled

+7 to 11%

+9 to 13%


ASMs – Available seat miles


Quarterly guidance, subject to revision


2nd quarter 2017



Current TRASM guidance

2.7 to 3.1%



            Previous TRASM guidance – April 25, 2017

1.5 to 3.5%



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

13.1 to 13.5%



            Previous CASM-ex fuel guidance – April 25, 2017

13.0 to 15.0%



Fixed fee revenue and other revenue (millions)

$19.5 to $20.0



            Previous fixed fee and other revenue guidance – April 25, 2017

$16.0 to $18.0

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 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.

 

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SOURCE Allegiant Travel Company

Allegiant Media Contact: Hilarie Grey, e-mail: mediarelations@allegiantair.com, Investor Inquiries: Chris Allen, e-mail:ir@allegiantair.com