Allegiant Travel (ALGT) Sept. Traffic Increases 31.5%, Capacity Up 31.6%

October 6, 2016 4:01 PM EDT

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Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2016.

Scheduled Service

                                September 2016  September 2015      Change  
--------------- --------------- -----------
Passengers 734,165 530,889 38.3%
Revenue passenger miles (000) 637,019 484,339 31.5%
Available seat miles (000) 769,372 584,822 31.6%
Load factor 82.8% 82.8% (0.0) pts
Departures 5,437 3,859 40.9%
Average stage length (miles) 843 887 (5.0%)

                                   3rd quarter     3rd quarter              
2016 2015 Change
--------------- --------------- -----------
Passengers 2,904,295 2,383,556 21.8%
Revenue passenger miles (000) 2,603,849 2,204,760 18.1%
Available seat miles (000) 2,997,529 2,526,292 18.7%
Load factor 86.9% 87.3% (0.4) pts
Departures 20,398 16,563 23.2%
Average stage length (miles) 869 894 (2.8%)

Total System*

                                 September 2016  September 2015     Change  
--------------- --------------- -----------
Passengers 752,484 547,529 37.4%
Revenue passenger miles (000) 655,680 499,151 31.4%
Available seat miles (000) 820,962 615,612 33.4%
Load factor 79.9% 81.1% (1.2) pts
Departures 5,840 4,152 40.7%
Average stage length (miles) 836 868 (3.7%)

                                   3rd quarter     3rd quarter              
2016 2015 Change
--------------- --------------- -----------
Passengers 2,939,055 2,420,819 21.4%
Revenue passenger miles (000) 2,645,533 2,235,683 18.3%
Available seat miles (000) 3,121,762 2,597,658 20.2%
Load factor 84.7% 86.1% (1.4) pts
Departures 21,384 17,330 23.4%
Average stage length (miles) 864 878 (1.6%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

                                                                    Change  
August 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM)
change (8.1%)


September 2016 estimated year-over-year TRASM change (6.1%) to (5.7%)
3rd quarter 2016 estimated year-over-year TRASM change (7.8%) to (7.4%)

$ per gallon
September 2016 estimated average fuel cost per gallon -
system $1.60
September 2016 estimated average fuel cost per gallon -
scheduled $1.61

$ per gallon
3rd quarter 2016 estimated average fuel cost per gallon
- system $1.57
3rd quarter 2016 estimated average fuel cost per gallon
- scheduled $1.59

Guidance

Capacity guidance, subject to revision

                                                    Year over Year Growth   
Departures ASMs
----------------------------------------------------------------------------
October 2016
Scheduled +23% +18%

4th Quarter 2016
System +15 to 19% +10 to 14%
Scheduled +15 to 19% +10 to 14%

1st Quarter 2017
System +14 to 18% +10 to 14%
Scheduled +14 to 18% +10 to 14%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

                                                                            
Cost guidance
3rd Quarter 2016
Cost per available seat mile excluding fuel (CASM-ex
fuel) - year over year change 0.8 to 1.2%

Fixed fee and other revenue guidance
3rd Quarter 2016
Fixed fee revenue and other revenue (millions) $16.5 to $17.5

Allegiant, Travel is our deal.®



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