Allegiant Reports June 2017 Traffic

News provided by

Jul 10, 2017, 16:01 ET

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%

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 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.

SOURCE Allegiant Travel Company