Allegiant Reports August 2010 Traffic

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Sep 13, 2010, 03:12 ET

LAS VEGAS, Sept. 13 /PRNewswire/ -- Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for August 2010.

Scheduled Service

	Aug. 2010	Aug. 2009	Change
Passengers	517,680	421,422	22.8%
Revenue passenger miles (000)	472,141	383,342	23.2%
Available seat miles (000)	525,399	425,151	23.6%
Load factor	89.9%	90.2%	(0.3 pts)
Departures	3,915	3,192	22.7%
Average stage length (miles)	895	891	0.4%


	YTD 2010	YTD 2009	Change
Passengers	3,951,630	3,506,616	12.7%
Revenue passenger miles (000)	3,689,903	3,159,314	16.8%
Available seat miles (000)	4,056,866	3,489,004	16.3%
Load factor	91.0%	90.6%	0.6 pts
Departures	29,524	26,442	11.7%
Average stage length (miles)	917	881	4.0%


Total System*

	Aug. 2010	Aug. 2009	Change
Passengers	539,655	465,783	15.9%
Revenue passenger miles (000)	492,000	410,053	20.0%
Available seat miles (000)	564,520	469,788	20.2%
Load factor	87.2%	87.3%	(0.1 pts)
Departures	4,381	3,840	14.1%
Average stage length (miles)	865	824	4.9%

	YTD 2010	YTD 2009	Change
Passengers	4,148,913	3,777,779	9.8%
Revenue passenger miles (000)	3,855,190	3,345,539	15.2%
Available seat miles (000)	4,384,274	3,809,019	15.1%
Load factor	87.9%	87.8%	0.1 pts
Departures	33,594	30,800	9.1%
Average stage length (miles)	876	832	5.4%

Total system includes scheduled service, fixed fee contract and non-revenue flying.*

Preliminary Financial Results

	Change
July 2010 actual year-over-year
scheduled revenue per ASM (RASM) change	4.0%
July 2010 actual year-over year
scheduled total revenue per ASM (TRASM) change	3.7%

August 2010 estimated year-over-year RASM change	5.85 – 6.15%
August 2010 estimated year-over-year TRASM change	3.75 – 4.05%

August 2010 estimated average fuel cost per gallon – system	$2.26
August 2010 estimated average fuel cost per gallon – scheduled	$2.37

Capacity Guidance
Guidance, subject to revision
	Year over Year Growth
	Departures	ASMs
September 2010
Scheduled	+21%	+22%

4th Quarter 2010
System	+8 – 10%	+10 – 12%
Scheduled	+14 – 16%	+13 – 15%

1st Quarter 2011
System	+3 – 6%	+2 – 5%
Scheduled	+3 – 6%	+2 – 5%

About the Company

Las Vegas based Allegiant Travel Company (NASDAQ: ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Phoenix, Los Angeles, Orlando, Fla. Tampa/St. Petersburg, Fla. and Fort Lauderdale, Fla. Through its subsidiary, Allegiant Air, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services. ALGT/G

Note: This press 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 web site: http://ir.allegiant.com Reference to the Company's web site above does not constitute incorporation of any of the information thereon into this press 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 ASM and departure 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 word "guidance" 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. These risk factors include, without limitation, the effect of the economic downturn on leisure travel, increases in fuel prices, terrorist attacks, risks inherent to airlines, demand for air services to our leisure destinations from the markets served by us, our ability to implement our growth strategy, possible unionization efforts, our dependence on our leisure destination markets, our ability to add, renew or replace gate leases, our competitive environment, problems with our aircraft, dependence on fixed fee customers, our reliance on our automated systems, economic and other conditions in markets in which we operate, governmental regulation and increases in maintenance costs.

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