Allegiant Reports September 2017 Traffic

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Oct 10, 2017, 22:41 ET

LAS VEGAS, Oct. 10, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2017 and third quarter 2017.

"In September, Hurricane Irma significantly impacted operations throughout our Florida network," stated Scott Sheldon, EVP, chief financial officer and chief operating officer. "From September 6–12 we cancelled more than 455 flights, which represents over eight percent of our scheduled departures during the month and approximately two percent of planned ASM production during the quarter. Despite the loss in scheduled flying, our TRASM results were minimally impacted. However, the loss in planned ASMs and costs associated with the cancellations added about one percentage point to our CASM ex fuel for the quarter."

Scheduled Service

	September 2017	September 2016	Change
Passengers	658,654	734,165	(10.3%)
Revenue passenger miles (000)	576,357	637,019	(9.5%)
Available seat miles (000)	730,573	769,372	(5.0%)
Load factor	78.9%	82.8%	(3.9) pts
Departures	5,107	5,437	(6.1%)
Average stage length (miles)	848	843	0.6%

	3rd quarter 2017	3rd quarter 2016	Change
Passengers	2,998,476	2,904,295	3.2%
Revenue passenger miles (000)	2,618,446	2,603,849	0.6%
Available seat miles (000)	3,073,360	2,997,529	2.5%
Load factor	85.2%	86.9%	(1.7) pts
Departures	21,498	20,398	5.4%
Average stage length (miles)	849	869	(2.3%)

Total System*

	September 2017	September 2016	Change
Passengers	684,318	752,484	(9.1%)
Revenue passenger miles (000)	600,735	655,680	(8.4%)
Available seat miles (000)	799,262	820,962	(2.6%)
Load factor	75.2%	79.9%	(4.7) pts
Departures	5,696	5,840	(2.5%)
Average stage length (miles)	832	836	(0.5%)

	3rd quarter 2017	3rd quarter 2016	Change
Passengers	3,045,642	2,939,055	3.6%
Revenue passenger miles (000)	2,672,963	2,645,533	1.0%
Available seat miles (000)	3,220,246	3,121,762	3.2%
Load factor	83.0%	84.7%	(1.7) pts
Departures	22,723	21,384	6.3%
Average stage length (miles)	842	864	(2.5%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

	$ per gallon
September 2017 estimated average fuel cost per gallon – system	$2.03

	$ per gallon
3^rd quarter 2017 estimated average fuel cost per gallon – system	$1.81

Guidance

Capacity guidance, subject to revision	Year over Year Growth
	Departures	ASMs
October 2017
Scheduled	+14%	+15%

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

1^st Quarter 2018
System	+8 to 12%	+10 to 14%
Scheduled	+8 to 12%	+10 to 14%

ASMs – Available seat miles

Quarterly guidance, subject to revision
	3^rd quarter 2017

Current TRASM guidance	0.3 to 0.7%

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

Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change	16.7 to 17.1%

Previous CASM-ex fuel guidance – July 26, 2017	16 to 18%

Fixed fee revenue and other revenue (millions)	$22.0 to $22.5

Previous fixed fee and other revenue guidance – July 26, 2017	$17 to $19

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.