Allegiant Reports February 2016 Traffic

LAS VEGAS, NV -- (Marketwired) -- 03/04/16 -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2016. 

                             Scheduled Service                              
                                                                            
                                 February 2016  February 2015  Change       
                                 -------------  -------------  -------------
                                                                            
Passengers                       795,768        657,399        21.0%        
                                                                            
Revenue passenger miles (000)    772,957        639,037        21.0%        
                                                                            
Available seat miles (000)       904,103        732,950        23.4%        
                                                                            
Load factor                      85.5%          87.2%          (1.7) pts    
                                                                            
Departures                       5,643          4,578          23.3%        
                                                                            
Average stage length (miles)     944            941            0.3%         
                                                                            
                                                                            
                                                                            

                               Total System *                               
                                                                            
                                 February 2016  February 2015  Change       
                                 -------------  -------------  -------------
                                                                            
Passengers                       802,908        668,056        20.2%        
                                                                            
Revenue passenger miles (000)    783,200        646,440        21.2%        
                                                                            
Available seat miles (000)       931,953        753,490        23.7%        
                                                                            
Load factor                      84.0%          85.8%          (1.8) pts    
                                                                            
Departures                       5,849          4,788          22.2%        
                                                                            
Average stage length (miles)     940            925            1.6%         
                                                                            
                                                                            
                                                                            

*Total system includes scheduled service and fixed fee contract.

                                                                            
                                                                            
                       Preliminary Financial Results                        
                                                                            
                                                          Change            
                                                                            
January 2016 actual year-over-year                                          
                                                                            
Scheduled total revenue per scheduled ASM (TRASM) change  (13.7%)           
                                                                            
                                                                            
February 2016 estimated year-over-year TRASM change       (12.7%) to (12.3%)
                                                                            
                                                                            
                                                          $ per gallon      
                                                                            
February 2016 estimated average fuel cost per gallon -                      
 system                                                   $1.25             
                                                                            
February 2016 estimated average fuel cost per gallon -                      
 scheduled                                                $1.25             
                                                                            
                                                                            
                                                                            
                                                                            

                                  Guidance                                  
                                                                            
                                              Year over Year Growth         
Capacity guidance, subject to revision                                      
                                              Departures     ASMs           
March 2016                                                                  
  Scheduled                                   +12%           +12%           
                                                                            
1st Quarter 2016                                                            
  System                                      +16 to 18%     +16 to 18%     
  Scheduled                                   +16 to 18%     +16 to 18%     
                                                                            
2nd Quarter 2016                                                            
  System                                      +14 to 18%     +13 to 17%     
  Scheduled                                   +14 to 18%     +13 to 17%     
                                                                            

ASMs - Available seat miles

Allegiant, Travel is our deal.®

Las Vegas-based Allegiant Travel Company (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/YFuyb.

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:
    Jessica Wheeler 
 

 e-mail: [email protected] Inquiries:Chris Allene-mail: [email protected]

Source: Allegiant Travel Company

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