Allegiant Reports October 2017 Traffic

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Nov 07, 2017, 13:42 ET

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

"During our earnings call on October 25, 2017, we called out 3 to 3.5 percentage points of a TRASM headwind due to the impacts of Hurricane Irma in Florida and the mass shooting in Las Vegas," stated Lukas Johnson, senior vice president, commercial. "At the time of the call, Florida had recovered but Las Vegas was still pacing below its previous trends. But each week since, we have seen meaningful recovery in the Las Vegas market, and now believe demand has normalized to the levels seen before the tragic event of October 1."

Scheduled Service

	October 2017	October 2016	Change
Passengers	998,646	858,531	16.3%
Revenue passenger miles (000)	877,771	766,193	14.6%
Available seat miles (000)	1,063,793	922,715	15.3%
Load factor	82.5%	83.0%	(0.5) pts
Departures	7,295	6,316	15.5%
Average stage length (miles)	861	871	(1.1%)

Total System*

	October 2017	October 2016	Change
Passengers	1,021,348	876,713	16.5%
Revenue passenger miles (000)	897,650	783,223	14.6%
Available seat miles (000)	1,120,947	970,449	15.5%
Load factor	80.1%	80.7%	(0.6) pts
Departures	7,812	6,752	15.7%
Average stage length (miles)	848	856	(0.9%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

	$ per gallon
Oct 2017 estimated average fuel cost per gallon – system	$1.97

Guidance

Capacity guidance, subject to revision	Year over Year Growth
	Departures	ASMs
November 2017
Scheduled	+8%	+10%

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 TRASM guidance, subject to revision
	4^thQuarter 2017
Current guidance	(3.0) to (0.5%)

Previous TRASM guidance – October 25, 2017	(3.0) to (0.5%)

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.