Allegiant Reports February 2016 Traffic
/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - March 04, 2016) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2016.
Scheduled Service
February 2016 February 2015 Change
------------- ------------- -------------
Passengers 795,768 657,399 21.0%
Revenue passenger miles (000) 772,957 639,037 21.0%
Available seat miles (000) 904,103 732,950 23.4%
Load factor 85.5% 87.2% (1.7) pts
Departures 5,643 4,578 23.3%
Average stage length (miles) 944 941 0.3%
Total System *
February 2016 February 2015 Change
------------- ------------- -------------
Passengers 802,908 668,056 20.2%
Revenue passenger miles (000) 783,200 646,440 21.2%
Available seat miles (000) 931,953 753,490 23.7%
Load factor 84.0% 85.8% (1.8) pts
Departures 5,849 4,788 22.2%
Average stage length (miles) 940 925 1.6%
*Total system includes scheduled service and fixed fee contract.
Preliminary Financial Results
Change
January 2016 actual year-over-year
Scheduled total revenue per scheduled ASM (TRASM) change (13.7%)
February 2016 estimated year-over-year TRASM change (12.7%) to (12.3%)
$ per gallon
February 2016 estimated average fuel cost per gallon -
system $1.25
February 2016 estimated average fuel cost per gallon -
scheduled $1.25
Guidance
Year over Year Growth
Capacity guidance, subject to revision
Departures ASMs
March 2016
Scheduled +12% +12%
1st Quarter 2016
System +16 to 18% +16 to 18%
Scheduled +16 to 18% +16 to 18%
2nd Quarter 2016
System +14 to 18% +13 to 17%
Scheduled +14 to 18% +13 to 17%
ASMs - Available seat miles
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/YFuyb.
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:
Jessica Wheeler
e-mail: mediarelations@allegiantair.com
Investor Inquiries:
Chris Allen
e-mail: ir@allegiantair.com
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