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Allegiant Reports June 2015 Traffic

LAS VEGAS, July 07, 2015 (GLOBE NEWSWIRE) -- Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for June 2015.

Scheduled Service

Jun 2015Jun 2014Change
Passengers 934,332 803,001 16.4%
Revenue passenger miles (000) 867,613 762,068 13.8%
Available seat miles (000) 978,592 841,417 16.3%
Load factor 88.7% 90.6%(1.9) pts
Departures 6,428 5,325 20.7%
Average stage length (miles) 894 920 (2.8%)


2Q152Q14Change
Passengers 2,426,985 2,110,481 15.0%
Revenue passenger miles (000) 2,279,600 2,002,546 13.8%
Available seat miles (000) 2,628,205 2,328,546 17.4%
Load factor 86.7% 89.5%(2.8) pts
Departures 16,949 14,157 19.7%
Average stage length (miles) 912 924 (1.3%)

Total System*

Jun 2015Jun 2014Change
Passengers 945,224 813,149 16.2%
Revenue passenger miles (000) 875,645 770,028 13.7%
Available seat miles (000) 999,222 857,208 16.6%
Load factor 87.6% 89.8%(2.2) pts
Departures 6,677 5,501 21.4%
Average stage length (miles) 879 908 (3.2%)


2Q152Q14Change
Passengers 2,462,822 2,143,662 14.9%
Revenue passenger miles (000) 2,307,065 2,030,638 13.6%
Available seat miles (000) 2,690,457 2,289,201 17.5%
Load factor 85.7% 88.7%(3.0) pts
Departures 17,659 14,675 20.3%
Average stage length (miles) 896 912 (1.8%)


*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

Change
May 2015 actual year-over-year
Scheduled revenue per scheduled ASM (PRASM) change (18.4%)
May 2015 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (9.5%)
Jun 2015 estimated year-over-year PRASM change(17.2%) to (16.8%)
Jun 2015 estimated year-over-year TRASM change(6.7%) to (6.3%)
2Q15 estimated year-over-year PRASM change(16.5%) to (16.1%)
2Q15 estimated year-over-year TRASM change(7.4%) to (7.0%)
$ per gallon
Jun 2015 estimated average fuel cost per gallon – system$2.07
Jun 2015 estimated average fuel cost per gallon – scheduled$2.10
$ per gallon
2Q15 estimated average fuel cost per gallon – system$2.06
2Q15 estimated average fuel cost per gallon – scheduled$2.08

Guidance

Capacity guidance, subject to revisionYear over Year Growth
DeparturesASMs
July 2015
Scheduled +27% +24%
3rd Quarter 2015
System+23 to 27%+21 to 25%
Scheduled+23 to 27%+21 to 25%
4th Quarter 2015
System+21 to 26%+21 to 26%
Scheduled+21 to 26%+21 to 26%
ASMs – Available seat miles


Cost and revenue guidance, subject to revision
Cost guidance
2nd Quarter 2015
Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year change (1.3%) to (0.9%)
Fixed fee and other revenue guidance
2nd Quarter 2015
Fixed fee revenue and other revenue (millions)$11.0 to $12.0


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.

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

Source:Allegiant Travel Company