Allegiant Reports December 2016 Traffic

LAS VEGAS, NV -- (Marketwired) -- 01/09/17 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2016, fourth quarter 2016, and full year 2016.

Scheduled Service

                                  December 2016   December 2015       Change
                                  ------------------------------------------
Passengers                              969,503         839,848        15.4%
Revenue passenger miles (000)           883,460         799,076        10.6%
Available seat miles (000)            1,096,561         968,333        13.2%
Load factor                               80.6%           82.5%    (1.9) pts
Departures                                7,352           6,142        19.7%
Average stage length (miles)                887             926       (4.2%)

                              4th Quarter 2016  4th Quarter 2015      Change
                              ----------------------------------------------
Passengers                           2,682,148         2,320,853       15.6%
Revenue passenger miles (000)        2,416,503         2,173,930       11.2%
Available seat miles (000)           2,954,118         2,623,873       12.6%
Load factor                              81.8%             82.9%   (1.1) pts
Departures                              20,003            16,850       18.7%
Average stage length (miles)               879               914      (3.8%)

                                          YTD 2016     YTD 2015       Change
                                     ---------------------------------------
Passengers                              11,003,864    9,355,097        17.6%
Revenue passenger miles (000)           10,130,675    8,821,908        14.8%
Available seat miles (000)              11,921,733   10,236,075        16.5%
Load factor                                  85.0%        86.2%    (1.2) pts
Departures                                  78,747       65,683        19.9%
Average stage length (miles)                   895          915       (2.2%)

Total System*

                                  December 2016   December 2015       Change
                                  ------------------------------------------
Passengers                              974,319         844,725        15.3%
Revenue passenger miles (000)           888,443         805,167        10.3%
Available seat miles (000)            1,127,454         990,560        13.8%
Load factor                               78.8%           81.3%    (2.5) pts
Departures                                7,660           6,324        21.1%
Average stage length (miles)                875             919       (4.8%)

                              4th Quarter 2016  4th Quarter 2015      Change
                              ----------------------------------------------
Passengers                           2,717,769         2,360,735       15.1%
Revenue passenger miles (000)        2,451,391         2,210,736       10.9%
Available seat miles (000)           3,073,455         2,712,464       13.3%
Load factor                              79.8%             81.5%   (1.7) pts
Departures                              21,070            17,677       19.2%
Average stage length (miles)               868               900      (3.6%)

                                          YTD 2016     YTD 2015       Change
                                     ---------------------------------------
Passengers                              11,128,191    9,500,611        17.1%
Revenue passenger miles (000)           10,282,827    8,944,952        15.0%
Available seat miles (000)              12,375,505   10,526,610        17.6%
Load factor                                  83.1%        85.0%    (1.9) pts
Departures                                  82,341       68,653        19.9%
Average stage length (miles)                   889          900       (1.2%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

November 2016 actual year-over-year                                         
  Scheduled total revenue per scheduled ASM (TRASM)                         
   change                                                             (2.3%)
                                                                            
December 2016 estimated year-over-year TRASM change         (4.8%) to (4.4%)
Fourth quarter 2016 estimated year-over-year TRASM                          
 change                                                     (4.7%) to (4.3%)
                                                                            
                                                                $ per gallon
December 2016 estimated average fuel cost per gallon -                      
 system                                                                $1.77
                                                                            
                                                                $ per gallon
Fourth quarter 2016 estimated average fuel cost per                         
 gallon - system                                                       $1.73

Guidance

                                                                            
Capacity guidance, subject to revision             Year over Year Growth    
----------------------------------------------                              
                                                   Departures           ASMs
January 2017                                                                
  Scheduled                                              +20%           +16%
                                                                            
1st Quarter 2017                                                            
  System                                           +14 to 18%     +10 to 14%
  Scheduled                                        +14 to 18%     +10 to 14%
                                                                            
2nd Quarter 2017                                                            
  System                                           +14 to 18%     +11 to 15%
  Scheduled                                        +14 to 18%     +11 to 15%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

Cost guidance                                               4th Quarter 2016
                                                                            
Cost per available seat mile excluding fuel (CASM-ex                        
 fuel) - year over year change                                 9.6% to 10.0%
                                                                            
Fixed fee and other revenue guidance                        4th Quarter 2016
                                                                            
Fixed fee revenue and other revenue (millions)                $17.0 to $18.0

About Allegiant

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 the 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 Greye-mail: [email protected] Inquiries:Chris Allene-mail: [email protected]

Source: Allegiant Travel Company

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