Allegiant Reports December 2017 Traffic

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Jan 11, 2018, 07:43 ET

LAS VEGAS, Jan. 11, 2018 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December, fourth quarter and full year 2017.

Scheduled Service

	December 2017	December 2016	Change
Passengers	1,067,530	969,503	10.1%
Revenue passenger miles (000)	977,595	883,460	10.7%
Available seat miles (000)	1,191,755	1,096,561	8.7%
Load factor	82.0%	80.6%	1.4 pts
Departures	7,842	7,352	6.7%
Average stage length (miles)	900	887	1.5%

	4Q 2017	4Q 2016	Change
Passengers	3,027,401	2,682,148	12.9%
Revenue passenger miles (000)	2,717,524	2,416,503	12.5%
Available seat miles (000)	3,284,429	2,954,118	11.2%
Load factor	82.7%	81.8%	0.9 pts
Departures	22,077	20,003	10.4%
Average stage length (miles)	881	879	0.2%


	YTD 2017	YTD 2016	Change
Passengers	12,138,146	11,003,864	10.3%
Revenue passenger miles (000)	10,901,161	10,130,675	7.6%
Available seat miles (000)	13,031,824	11,921,733	9.3%
Load factor	83.7%	85.0%	(1.3) pts
Departures	88,432	78,747	12.3%
Average stage length (miles)	876	895	(2.1%)

Total System*

	December 2017	December 2016	Change
Passengers	1,077,800	974,319	10.6%
Revenue passenger miles (000)	989,389	888,443	11.4%
Available seat miles (000)	1,230,736	1,127,454	9.2%
Load factor	80.4%	78.8%	1.6 pts
Departures	8,155	7,660	6.5%
Average stage length (miles)	895	875	2.3%

	4Q 2017	4Q 2016	Change
Passengers	3,077,039	2,717,769	13.2%
Revenue passenger miles (000)	2,766,503	2,451,391	12.9%
Available seat miles (000)	3,430,711	3,073,455	11.6%
Load factor	80.6%	79.8%	0.8 pts
Departures	23,322	21,070	10.7%
Average stage length (miles)	872	868	0.5%


	YTD 2017	YTD 2016	Change
Passengers	12,310,122	11,128,191	10.6%
Revenue passenger miles (000)	11,106,772	10,282,827	8.0%
Available seat miles (000)	13,612,003	12,375,505	10.0%
Load factor	81.6%	83.1%	(1.5) pts
Departures	93,061	82,341	13.0%
Average stage length (miles)	870	889	(2.1%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

	$ per gallon
December 2017 estimated average fuel cost per gallon – system	$2.09

	$ per gallon
4^th quarter 2017 estimated average fuel cost per gallon – system	$2.04

Guidance

Quarterly guidance, subject to revision
	4^th quarter 2017

Current TRASM guidance	(0.3) to 0.1%

Previous TRASM guidance – November 29, 2017	(1) to 1%

Cost per available seat mile excluding fuel, excluding special item (CASM-ex fuel) – year over year change	5.3 to 5.7%

Previous CASM-ex fuel guidance – October 25, 2017	7 to 9%

Fixed fee revenue and other revenue (millions)	$23.5 to $24

Previous fixed fee and other revenue guidance – October 25, 2017	$19 to $21

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.