Allegiant Reports December 2018 Traffic

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Jan 09, 2019, 19:47 ET

LAS VEGAS, Jan. 9, 2019 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2018.

Scheduled Service

	December 2018	December 2017	Change
Passengers	1,061,552	1,067,530	(0.6%)
Revenue passenger miles (000)	974,429	977,595	(0.3%)
Available seat miles (000)	1,191,089	1,191,755	(0.1%)
Load factor	81.8%	82.0%	(0.2) pts
Departures	7,678	7,842	(2.1%)
Average stage length (miles)	901	900	0.1%

	4^th Qtr 2018	4^th Qtr 2017	Change
Passengers	3,183,524	3,027,401	5.2%
Revenue passenger miles (000)	2,846,246	2,717,524	4.7%
Available seat miles (000)	3,457,044	3,284,429	5.3%
Load factor	82.3%	82.7%	(0.4) pts
Departures	23,017	22,077	4.3%
Average stage length (miles)	877	881	(0.5%)


	Full year 2018	Full year 2017	Change
Passengers	13,606,103	12,138,146	12.1%
Revenue passenger miles (000)	12,145,601	10,901,161	11.4%
Available seat miles (000)	14,340,674	13,031,824	10.0%
Load factor	84.7%	83.7%	1.0 pts
Departures	96,554	88,432	9.2%
Average stage length (miles)	875	876	(0.1%)

Total System*

	December 2018	December 2017	Change
Passengers	1,071,403	1,077,800	(0.6%)
Revenue passenger miles (000)	986,296	989,389	(0.3%)
Available seat miles (000)	1,222,161	1,230,736	(0.7%)
Load factor	80.7%	80.4%	0.3 pts
Departures	7,925	8,155	(2.8%)
Average stage length (miles)	897	895	0.2%

	4^th Qtr 2018	4^th Qtr 2017	Change
Passengers	3,239,286	3,077,039	5.3%
Revenue passenger miles (000)	2,898,303	2,766,503	4.8%
Available seat miles (000)	3,605,069	3,430,711	5.1%
Load factor	80.4%	80.6%	(0.2) pts
Departures	24,300	23,322	4.2%
Average stage length (miles)	866	872	(0.7%)


	Full year 2018	Full year 2017	Change
Passengers	13,750,199	12,310,122	11.7%
Revenue passenger miles (000)	12,307,247	11,106,772	10.8%
Available seat miles (000)	14,899,874	13,612,003	9.5%
Load factor	82.6%	81.6%	1.0 pts
Departures	101,212	93,061	8.8%
Average stage length (miles)	868	870	(0.2%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

	$ per gallon
December 2018 estimated average fuel cost per gallon – system	$2.07
Fourth quarter 2018 estimated average fuel cost per gallon – system	$2.34
Full year 2018 estimated average fuel cost per gallon – system	$2.33

Guidance⁽¹⁾
	4^th quarter 2018
Total passenger revenue per ASM (TRASM) – year over year change	+3.7 – 4.1%

	Full year 2018
Operating income – millions USD	$241 - $245
Depreciation and amortization expense – millions USD	$127 - $131

1 – Both quarterly and full year guidance is subject to change

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 75 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.