Allegiant Reports August 2016 Traffic
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LAS VEGAS, NV -- (Marketwired) -- 09/06/16 -- Allegiant Travel Company (NASDAQ: ALGT) today 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
Allegiant, Travel is our deal.®
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 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.
Allegiant Media Contact: Hilarie Grey e-mail: [email protected] Investor Inquiries:Chris Allene-mail: [email protected]
Source: Allegiant Travel Company
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