ALLEGIANT TRAVEL COMPANY LAS VEGAS, May 4, 2017 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2017.
Scheduled Service
-----------------
April 2017 April 2016 Change
---------- ---------- ------
Passengers 1,010,779 841,785 20.1%
Revenue
passenger
miles
(000) 922,439 793,843 16.2%
Available
seat
miles
(000) 1,113,150 942,147 18.2%
Load
factor 82.9% 84.3% (1.4) pts
Departures 7,401 6,016 23.0%
Average
stage
length
(miles) 898 922 (2.6%)
Total System*
------------
April 2017 April 2016 Change
---------- ---------- ------
Passengers 1,024,044 851,153 20.3%
Revenue
passenger
miles
(000) 941,044 806,763 16.7%
Available
seat
miles
(000) 1,162,890 977,068 19.0%
Load
factor 80.9% 82.6% (1.7) pts
Departures 7,764 6,264 23.9%
Average
stage
length
(miles) 894 918 (2.6%)
*Total system includes
scheduled service and fixed
fee contract.
Preliminary Financial Results
-----------------------------
$ per gallon
April 2017 estimated average
fuel cost per gallon -
system $1.80
Guidance
--------
Capacity guidance, subject to revision Year over Year Growth
----------------------------
Departures ASMs
---------- ----
May 2017
Scheduled +16% +12%
2nd Quarter 2017
System +14 to 18% +11 to 15%
Scheduled +14 to 18% +11 to 15%
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%
TRASM - Total scheduled
service revenue per
ASM
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.
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SOURCE Allegiant Travel Company
