09202017Headline:

Allegiant Reports May 2017 Traffic

Jun 7, 2017 - (Newswire)

- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2017.

Scheduled Service






May 2017

May 2016

Change

Passengers

1,010,105

880,216

14.8%

Revenue passenger miles (000)

891,722

807,299

10.5%

Available seat miles (000)

1,062,351

948,875

12.0%

Load factor

83.9%

85.1%

(1.2) pts

Departures

7,343

6,250

17.5%

Average stage length (miles)

862

894

(3.6%)





Total System*






May 2017

May 2016

Change

Passengers

1,021,199

889,617

14.8%

Revenue passenger miles (000)

907,192

819,161

10.7%

Available seat miles (000)

1,108,767

982,492

12.9%

Load factor

81.8%

83.4%

(1.6) pts

Departures

7,705

6,524

18.1%

Average stage length (miles)

858

888

(3.4%)


*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results




$ per gallon

May 2017 estimated average fuel cost per gallon - system

$1.71



Guidance



Capacity guidance, subject to revision

Year over Year Growth


Departures

ASMs

Jun 2017



Scheduled

+11%

+8%




2nd Quarter 2017



System

+15 to 17%

+12 to 14%

Scheduled

+15 to 17%

+12 to 14%




3rd Quarter 2017



System

+4 to 8%

+3 to 7%

Scheduled

+4 to 8%

+3 to 7%





ASMs - Available seat miles

Quarterly TRASM guidance, subject to revision



2nd Quarter 2017

Current guidance

1.5 to 3.5%

Previous guidance - April 25, 2017

1.5 to 3.5%

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: 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: 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.

SOURCE Allegiant

Related Links

www.allegiantair.com

Original Source: https://www.newswire.com/news/allegiant-reports-may-2017-traffic

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