Allegiant Reports July 2017 Traffic

News provided by

Aug 07, 2017, 16:30 ET

LAS VEGAS, Aug. 7, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2017.

Scheduled Service

	July 2017	July 2016	Change
Passengers	1,328,172	1,243,436	6.8%
Revenue passenger miles (000)	1,161,163	1,130,582	2.7%
Available seat miles (000)	1,307,688	1,262,218	3.6%
Load factor	88.8%	89.6%	(0.8) pts
Departures	9,144	8,412	8.7%
Average stage length (miles)	851	884	(3.7%)


Total System*

	July 2017	July 2016	Change
Passengers	1,340,907	1,252,491	7.1%
Revenue passenger miles (000)	1,179,776	1,143,882	3.1%
Available seat miles (000)	1,349,538	1,294,741	4.2%
Load factor	87.4%	88.3%	(0.9) pts
Departures	9,462	8,674	9.1%
Average stage length (miles)	850	881	(3.5%)


*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

	$ per gallon
Jul 2017 estimated average fuel cost per gallon – system	$1.67

Guidance

Capacity guidance, subject to revision	Year over Year Growth
	Departures	ASMs
August 2017
Scheduled	+8%	+6%

3^rd Quarter 2017
System	+4 to 8%	+3 to 7%
Scheduled	+4 to 8%	+3 to 7%

4^th Quarter 2017
System	+7 to 11%	+9 to 13%
Scheduled	+7 to 11%	+9 to 13%

ASMs – Available seat miles

Quarterly TRASM guidance, subject to revision
	3^rdQuarter 2017
Current guidance	(0.5) to 1.5%

Previous guidance – July 26, 2017	(0.5) to 1.5%

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.

SOURCE Allegiant Travel Company