Allegiant Reports August 2015 Traffic

LAS VEGAS, Sept. 03, 2015 (GLOBE NEWSWIRE) — Allegiant (NASDAQ:ALGT) today reported preliminary passenger traffic results for August 2015. 

Scheduled Service
  August 2015 August 2014 Change
Passengers     806,133       657,307     22.6 %
Revenue passenger miles (000)     749,635       623,677     20.2 %
Available seat miles (000)     868,017       688,798     26.0 %
Load factor   86.4 %   90.5 % (4.1) pts
Departures   5,682       4,367     30.1 %
Average stage length (miles)   894       919     (2.7 )%
       

                                                    

Total System*
  August 2015 August 2014 Change
Passengers   816,925       666,410     22.6 %
Revenue passenger miles (000)     757,478       630,519     20.1 %
Available seat miles (000)   890,296       708,918     25.6 %
Load factor   85.1 %   88.9 % (3.8) pts
Departures   5,932       4,585     29.4 %
Average stage length (miles)     878       901     (2.6 )%
                   
*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results
  Change
Jul 2015 actual year-over-year  
  Scheduled total revenue per scheduled ASM (TRASM) change   (6.1 %)
   
   
   
August 2015 estimated year-over-year TRASM change (12.2%) to (11.8%)
   
  $ per gallon
August 2015 estimated average fuel cost per gallon – system $ 1.75  
August 2015 estimated average fuel cost per gallon – scheduled $ 1.77  
   
   

Guidance
Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
September 2015    
  Scheduled   +21 %   +20 %
     
3rd Quarter 2015    
  System +26 to 28% +23 to 25%
  Scheduled +26 to 28% +23 to 25%
     
4th  Quarter 2015    
  System +21 to 26% +21 to 26%
  Scheduled +21 to 26% +21 to 26%
     
ASMs – Available seat miles


Allegiant, Travel is our deal.
®
Las Vegas-based Allegiant Travel Company (NASDAQ:ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, allegiant.com. The company has been named one of America’s 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/PBqgm.

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.

CONTACT: Allegiant Media Contact:
702-800-2020
e-mail: mediarelations@allegiantair.com

Investor Inquiries:
Chris Allen
e-mail:ir@allegiantair.com

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