Allegiant Travel (ALGT) Load Factor Rose 0.2 Points in August 2016

September 7, 2016 6:15 AM EDT

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Allegiant Travel Company (Nasdaq: ALGT) reported preliminary passenger traffic results for August 2016.

"August revenue was stronger than we anticipated, particularly during the back half of the month," stated Jude Bricker, COO and SVP of Planning. "We expect this trend to continue into September. As such, we are now expecting our third quarter, year over year TRASM to decline between 8.5 and 7.5 percent versus our previous guidance of a decline between 10.5 and 8.5 percent."

Scheduled Service

                                      August 2016     August 2015     Change
--------------- --------------- ----------
Passengers 926,694 806,133 15.0%
Revenue passenger miles (000) 836,248 749,635 11.6%
Available seat miles (000) 965,939 868,017 11.3%
Load factor 86.6% 86.4% 0.2 pts
Departures 6,549 5,682 15.3%
Average stage length (miles) 872 894 (2.5%)

Total System*

                                      August 2016     August 2015     Change
--------------- --------------- ----------
Passengers 934,080 816,925 14.3%
Revenue passenger miles (000) 845,972 757,478 11.7%
Available seat miles (000) 1,006,059 890,296 13.0%
Load factor 84.1% 85.1% (1.0) pts
Departures 6,870 5,932 15.8%
Average stage length (miles) 866 878 (1.4%)
*Total system includes scheduled service and fixed fee contract.            

Preliminary Financial Results

                                                                      Change
Jul 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM)
change (7.3%)

Aug 2016 estimated year-over-year TRASM change (8.5%) to (8.1%)
$ per gallon
Aug 2016 estimated average fuel cost per gallon --
system $1.49
Aug 2016 estimated average fuel cost per gallon --
scheduled $1.52

Guidance

                                                                            
Capacity guidance, subject to revision Year over Year Growth
----------------------------------------------
Departures ASMs
----------------------------------------------------------------------------
September 2016
Scheduled +39% +31%

3rd Quarter 2016
System +21 to 23% +17 to 19%
Scheduled +21 to 23% +17 to 19%

4th Quarter 2016
System +15 to 19% +10 to 14%
Scheduled +15 to 19% +10 to 14%
ASMs -- Available seat miles                                                



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