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ALLEGIANT REPORTS FEBRUARY 2014 TRAFFIC

ALLEGIANT REPORTS FEBRUARY 2014 TRAFFIC

Las Vegas. March 6, 2014 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2014.  

"Both January and February PRASM and TRASM have outperformed our prior guidance," said Andrew Levy, President and COO of Allegiant Travel Co.  "We now expect our first quarter PRASM to be between 0.5 and 1.5 percent and first quarter TRASM to be within the range of (1) to 0 percent.  We are also adjusting our CASM ex fuel guidance range for the first quarter to be between 11 and 13 percent as the amount of sub service flying will not be as high as previously expected and the timing of some expenses are shifting to the second quarter.  We are leaving our full year CASM ex fuel guidance between four and seven percent."

Scheduled Service

 

Feb. 2014 Feb. 2013 Change
Passengers 605,472 541,413 11.8%
Revenue passenger miles (000) 608,135 551,788 10.2%
Available seat miles (000) 687,930 615,327 11.8%
Load factor 88.4% 89.7% (1.3)pts
Departures 4,138 3,641 13.7%
Average stage length (miles) 973 984 (1.1%)

   

                       
Total System*

Feb. 2014 Feb. 2013 Change
Passengers 614,183 552,109 11.2%
Revenue passenger miles (000) 615,008 560,833 9.7%
Available seat miles (000) 705,079 637,979 10.5%
Load factor 87.2% 87.9% (0.7)pts
Departures 4,325 3,871 11.7%
Average stage length (miles) 955 961 (0.7%)

                                                                               
                *Total system includes scheduled service, fixed fee contract and non-revenue flying.

Preliminary Financial Results

 

Change
January 2014 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change 9.5%
January 2014 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change 5.2%
February 2014 estimated year-over-year PRASM change 2.0% to 2.4%
February 2014 estimated year-over-year TRASM change 1.0% to 1.4%
$ per gallon
February 2014 estimated average fuel cost per gallon - system $3.21
February 2014 estimated average fuel cost per gallon - scheduled $3.25

Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
March 2014
  Scheduled +6% +8%
1st Quarter 2014
  System +9 to 11% +10 to 12%
  Scheduled +9 to 11% +10 to 12%
2nd Quarter 2014
  System +10 to 14% +8 to 12%
  Scheduled +10 to 14% +8 to 12%

ASMs - Available seat miles

Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company (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/SQmY7O.
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.allegiant.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: Investor Inquiries:
e-mail: mediarelations@allegiantair.com Chris Allen
e-mail:ir@allegiantair.com



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Allegiant Travel Company via GlobeNewswire

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