Allegiant Reports April 2017 Traffic

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May 04, 2017, 19:10 ET

LAS VEGAS, May 4, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2017.

Scheduled Service

	April 2017	April 2016	Change
Passengers	1,010,779	841,785	20.1%
Revenue passenger miles (000)	922,439	793,843	16.2%
Available seat miles (000)	1,113,150	942,147	18.2%
Load factor	82.9%	84.3%	(1.4) pts
Departures	7,401	6,016	23.0%
Average stage length (miles)	898	922	(2.6%)


Total System*

	April 2017	April 2016	Change
Passengers	1,024,044	851,153	20.3%
Revenue passenger miles (000)	941,044	806,763	16.7%
Available seat miles (000)	1,162,890	977,068	19.0%
Load factor	80.9%	82.6%	(1.7) pts
Departures	7,764	6,264	23.9%
Average stage length (miles)	894	918	(2.6%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

		$ per gallon
April 2017 estimated average fuel cost per gallon – system		$1.80


Guidance

Capacity guidance, subject to revision	Year over Year Growth
	Departures	ASMs
May 2017
Scheduled	+16%	+12%

2^nd Quarter 2017
System	+14 to 18%	+11 to 15%
Scheduled	+14 to 18%	+11 to 15%

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


ASMs – Available seat miles


Quarterly TRASM guidance, subject to revision
	2^ndQuarter 2017
Current guidance	1.5 to 3.5%
Previous guidance – April 25, 2017	1.5 to 3.5%

TRASM – Total scheduled service revenue per ASM

About 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, rental cars and attraction tickets. 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