LAS VEGAS, NV --(Marketwired - September 06, 2016) - Allegiant Travel Company (
"August revenue was stronger than we anticipated, particularly during the back half of the month," stated Jude Bricker, COO and SVP of Planning. "We expect this trend to continue into September. As such, we are now expecting our third quarter, year over year TRASM to decline between 8.5 and 7.5 percent versus our previous guidance of a decline between 10.5 and 8.5 percent."
Scheduled Service
| August 2016 | August 2015 | Change | ||||
| Passengers | 926,694 | 806,133 | 15.0% | |||
| Revenue passenger miles (000) | 836,248 | 749,635 | 11.6% | |||
| Available seat miles (000) | 965,939 | 868,017 | 11.3% | |||
| Load factor | 86.6% | 86.4% | 0.2 pts | |||
| Departures | 6,549 | 5,682 | 15.3% | |||
| Average stage length (miles) | 872 | 894 | (2.5%) | |||
Total System *
| August 2016 | August 2015 | Change | ||||
| Passengers | 934,080 | 816,925 | 14.3% | |||
| Revenue passenger miles (000) | 845,972 | 757,478 | 11.7% | |||
| Available seat miles (000) | 1,006,059 | 890,296 | 13.0% | |||
| Load factor | 84.1% | 85.1% | (1.0) pts | |||
| Departures | 6,870 | 5,932 | 15.8% | |||
| Average stage length (miles) | 866 | 878 | (1.4%) |
| *Total system includes scheduled service and fixed fee contract. |
Preliminary Financial Results
| Change | ||
| Jul 2016 actual year-over-year | ||
| Scheduled total revenue per scheduled ASM (TRASM) change | (7.3%) | |
| Aug 2016 estimated year-over-year TRASM change | (8.5%) to (8.1%) | |
| $ per gallon | ||
| Aug 2016 estimated average fuel cost per gallon -- system | $1.49 | |
| Aug 2016 estimated average fuel cost per gallon -- scheduled | $1.52 | |
Guidance
| Capacity guidance, subject to revision | Year over Year Growth | ||
| Departures | ASMs | ||
| September 2016 | |||
| Scheduled | +39% | +31% | |
| 3rd Quarter 2016 | |||
| System | +21 to 23% | +17 to 19% | |
| Scheduled | +21 to 23% | +17 to 19% | |
| 4th Quarter 2016 | |||
| System | +15 to 19% | +10 to 14% | |
| Scheduled | +15 to 19% | +10 to 14% | |
| ASMs -- Available seat miles |
Allegiant, Travel is our deal. ®
Las Vegas-based Allegiant (
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: Hilarie Grey e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail: ir@allegiantair.com
