LAS VEGAS, NV—(Marketwired – January 09, 2017) – Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2016, fourth quarter 2016, and full year 2016.
Scheduled Service
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December 2016
December 2015
Change
Passengers
969,503
839,848
15.4%
Revenue passenger miles (000)
883,460
799,076
10.6%
Available seat miles (000)
1,096,561
968,333
13.2%
Load factor
80.6%
82.5%
(1.9) pts
Departures
7,352
6,142
19.7%
Average stage length (miles)
887
926
(4.2%)
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4th Quarter 2016
4th Quarter 2015
Change
Passengers
2,682,148
2,320,853
15.6%
Revenue passenger miles (000)
2,416,503
2,173,930
11.2%
Available seat miles (000)
2,954,118
2,623,873
12.6%
Load factor
81.8%
82.9%
(1.1) pts
Departures
20,003
16,850
18.7%
Average stage length (miles)
879
914
(3.8%)
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YTD 2016
YTD 2015
Change
Passengers
11,003,864
9,355,097
17.6%
Revenue passenger miles (000)
10,130,675
8,821,908
14.8%
Available seat miles (000)
11,921,733
10,236,075
16.5%
Load factor
85.0%
86.2%
(1.2) pts
Departures
78,747
65,683
19.9%
Average stage length (miles)
895
915
(2.2%)
Total System*
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December 2016
December 2015
Change
Passengers
974,319
844,725
15.3%
Revenue passenger miles (000)
888,443
805,167
10.3%
Available seat miles (000)
1,127,454
990,560
13.8%
Load factor
78.8%
81.3%
(2.5) pts
Departures
7,660
6,324
21.1%
Average stage length (miles)
875
919
(4.8%)
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4th Quarter 2016
4th Quarter 2015
Change
Passengers
2,717,769
2,360,735
15.1%
Revenue passenger miles (000)
2,451,391
2,210,736
10.9%
Available seat miles (000)
3,073,455
2,712,464
13.3%
Load factor
79.8%
81.5%
(1.7) pts
Departures
21,070
17,677
19.2%
Average stage length (miles)
868
900
(3.6%)
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YTD 2016
YTD 2015
Change
Passengers
11,128,191
9,500,611
17.1%
Revenue passenger miles (000)
10,282,827
8,944,952
15.0%
Available seat miles (000)
12,375,505
10,526,610
17.6%
Load factor
83.1%
85.0%
(1.9) pts
Departures
82,341
68,653
19.9%
Average stage length (miles)
889
900
(1.2%)
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
November 2016 actual year–over–year
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Scheduled total revenue per scheduled ASM (TRASM) change
(2.3%)
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December 2016 estimated year–over–year TRASM change
(4.8%) to (4.4%)
Fourth quarter 2016 estimated year–over–year TRASM change
(4.7%) to (4.3%)
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$ per gallon
December 2016 estimated average fuel cost per gallon – system
$1.77
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$ per gallon
Fourth quarter 2016 estimated average fuel cost per gallon – system
$1.73
Guidance
Capacity guidance, subject to revision
Year over Year Growth
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Departures
ASMs
January 2017
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Scheduled
+20%
+16%
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1st Quarter 2017
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System
+14 to 18%
+10 to 14%
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Scheduled
+14 to 18%
+10 to 14%
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2nd Quarter 2017
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System
+14 to 18%
+11 to 15%
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Scheduled
+14 to 18%
+11 to 15%
ASMs – Available seat miles
Cost and revenue guidance, subject to revision
Cost guidance
4th Quarter 2016
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Cost per available seat mile excluding fuel (CASM–ex fuel) – year over year change
9.6% to 10.0%
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Fixed fee and other revenue guidance
4th Quarter 2016
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Fixed fee revenue and other revenue (millions)
$17.0 to $18.0
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.