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Allegiant Travel (ALGT) Announces Preliminary September Traffic

October 6, 2015 5:42 PM EDT

Allegiant Travel (NASDAQ: ALGT) today reported preliminary passenger traffic results for September, 2015.

Scheduled Service

                                              Sep 2015   Sep 2014     Change
---------- ---------- ----------
Passengers 530,889 450,306 17.9%
Revenue passenger miles (000) 484,339 419,329 15.5%
Available seat miles (000) 584,822 483,253 21.0%
Load factor 82.8% 86.8% (4.0) pts
Departures 3,859 3,137 23.0%
Average stage length (miles) 887 896 (1.0%)

                                                  3Q15       3Q14     Change
---------- ---------- ----------
Passengers 2,383,556 1,940,348 22.8%
Revenue passenger miles (000) 2,204,760 1,839,640 19.8%
Available seat miles (000) 2,526,292 2,033,318 24.2%
Load factor 87.3% 90.5% (3.2) pts
Departures 16,563 12,925 28.1%
Average stage length (miles) 894 916 (2.4%)

Total System*

                                              Sep 2015   Sep 2014     Change
---------- ---------- ----------
Passengers 547,529 468,240 16.9%
Revenue passenger miles (000) 499,151 436,590 14.3%
Available seat miles (000) 615,612 523,306 17.6%
Load factor 81.1% 83.4% (2.3) pts
Departures 4,152 3,463 19.9%
Average stage length (miles) 868 878 (1.1%)
                                                  3Q15       3Q14     Change
---------- ---------- ----------
Passengers 2,420,819 1,971,917 22.8%
Revenue passenger miles (000) 2,235,683 1,867,660 19.7%
Available seat miles (000) 2,597,658 2,106,168 23.3%
Load factor 86.1% 88.7% (2.6) pts
Departures 17,330 13,607 27.4%
Average stage length (miles) 878 902 (2.7%)

*Total system includes scheduled service
and fixed fee contract.

Preliminary Financial Results

                                                                      Change
----------------
Aug 2015 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (11.8%)

Sep 2015 estimated year-over-year TRASM change (7.8%) to (7.4%)
3Q15 estimated year-over-year TRASM change (8.6%) to (8.2%)
$ per gallon
Sep 2015 estimated average fuel cost per gallon - system $1.70
Sep 2015 estimated average fuel cost per gallon - scheduled $1.71

$ per gallon
3Q15 estimated average fuel cost per gallon - system $1.82
3Q15 estimated average fuel cost per gallon - scheduled $1.83

Guidance

                                                                            
Capacity guidance, subject to revision
=========================================
Year over Year Growth
Departures ASMs
----------------------------------------- ---------------------- -----------
Oct 2015
Scheduled +26% +28%

4(th) Quarter 2015
System +22 to 26% +22 to 26%
Scheduled +22 to 26% +22 to 26%

1(st) Quarter 2016
System +14 to 18% +15 to 19%
Scheduled +14 to 18% +15 to 19%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision                              
----------------------------------------------------------------------------

Cost guidance
3(rd) Quarter 2015
Cost per available seat mile excluding fuel (CASM-ex
fuel) - year over year change (11.4) to (11.0%)
Fixed fee and other revenue guidance
3(rd) Quarter 2015
Fixed fee revenue and other revenue (millions) $12.5 to $13.0


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