Allegiant Reports October 2014 Traffic

LAS VEGAS, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for October 2014.

Scheduled Service
Oct 2014 Oct 2013 Change
Passengers 588,853 468,227 25.8%
Revenue passenger miles (000) 546,761 443,418 23.3%
Available seat miles (000) 622,235 505,386 23.1%
Load factor 87.9% 87.7% 0.2 pts
Departures 4,049 3,184 27.2%
Average stage length (miles) 901 925 (2.6%)
Total System*
Oct 2014 Oct 2013 Change
Passengers 607,468 482,562 25.9%
Revenue passenger miles (000) 560,582 456,215 22.9%
Available seat miles (000) 652,983 531,372 22.9%
Load factor 85.8% 85.9% (0.1) pts
Departures 4,365 3,427 27.4%
Average stage length (miles) 878 905 (3.0%)
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change
Sept 2014 actual year-over-year
Scheduled revenue per scheduled ASM (PRASM) change (2.9%)
Sept 2014 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (0.3%)
Oct 2014 estimated year-over-year PRASM change (2.8%) to (2.4%)
Oct 2014 estimated year-over-year TRASM change (0.4%) to 0.0%
$ per gallon
Oct 2014 estimated average fuel cost per gallon – system $2.78
Oct 2014 estimated average fuel cost per gallon – scheduled $2.82
Guidance
Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
November 2014
Scheduled +9% +8%
4th Quarter 2014
System +10 to 12% +9 to 11%
Scheduled +10 to 12% +9 to 11%
1st Quarter 2015
System +3 to 7% 0 to 4%
Scheduled +3 to 7% 0 to 4%
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/SQmY7O.

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.

CONTACT: Allegiant Media Contact: Jessica Wheeler e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail: ir@allegiantair.com

Source:Allegiant Travel Company