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Las Vegas. April 7, 2014 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2014. 

Scheduled Service

Mar. 2014 Mar. 2013 Change
Passengers 850,775 788,405 7.9%
Revenue passenger miles (000) 864,396 811,656 6.5%
Available seat miles (000) 949,559 882,864 7.6%
Load factor 91.0% 91.9% (0.9)pts
Departures 5,616 5,219 7.6%
Average stage length (miles) 987 992 (0.4%)


1Q14 1Q13 Change
Passengers 2,045,028 1,844,658 10.9%
Revenue passenger miles (000) 2,059,188 1,879,027 9.6%
Available seat miles (000) 2,327,935 2,091,451 11.3%
Load factor 88.5% 89.8% (1.4)pts
Departures 13,935 12,498 11.5%
Average stage length (miles) 977 978 (0.1%)

                                                                                    Total System*

Mar. 2014 Mar. 2013 Change
Passengers 861,110 800,324 7.6%
Revenue passenger miles (000) 873,097 822,217 6.2%
Available seat miles (000) 967,230 906,520 6.7%
Load factor 90.3% 90.7% (0.4)pts
Departures 5,793 5,460 6.1%
Average stage length (miles) 976 976 (0.0%)

1Q14 1Q13 Change
Passengers 2,072,720 1,880,341 10.2%
Revenue passenger miles (000) 2,081,501 1,908,075 9.1%
Available seat miles (000) 2,381,139 2,163,145 10.0%
Load factor 87.4% 88.2% (0.8)pts
Departures 14,501 13,254 9.4%
Average stage length (miles) 960 956 0.4%

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

Preliminary Financial Results

February 2014 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change 2.4%
February 2014 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change 1.4%
March 2014 estimated year-over-year PRASM change (2.3)% to (1.9)%
March 2014 estimated year-over-year TRASM change (2.0)% to (1.6)%
1Q14 estimated year-over-year PRASM change 1.2% to 1.6%
1Q14 estimated year-over-year TRASM change 0.2% to 0.6%
$ per gallon
March 2014 estimated average fuel cost per gallon - system $3.19
March 2014 estimated average fuel cost per gallon - scheduled $3.21

$ per gallon
1Q14 estimated average fuel cost per gallon - system $3.20
1Q14 estimated average fuel cost per gallon - scheduled $3.23


Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
April 2014
            Scheduled +8% +6%
2nd Quarter 2014
            System +10 to 14% +8 to 12%
            Scheduled +10 to 14% +8 to 12%
3rd Quarter 2014
            System +10 to 14% +9 to 13%
            Scheduled +10 to 14% +9 to 13%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision
Cost guidance
1st Quarter 2014
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year growth 10.5 to 11.0%
Fixed fee and other revenue guidance
1st Quarter 2014
Fixed fee revenue and other revenue (millions) $2.0 to $3.0

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.


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:
Jessica Wheeler Chris Allen
e-mail: mediarelations@allegiantair.com 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