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Las Vegas. June 4, 2014 - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2014. 

"Revenue for May outperformed our expectations," said Andrew Levy, President and COO of Allegiant Travel Co. "June revenue is also expected to exceed our earlier forecast. We now project our second quarter PRASM to increase between 5 and 6 percent and second quarter TRASM to increase between 3.5 and 4.5 percent. 

We expect second quarter CASM ex fuel to increase between 4.5 and 5.5 percent, and total CASM to increase between 2.5 and 3.5 percent. The total CASM estimate is based on a system fuel price per gallon of $3.20 for the full quarter."

Scheduled Service

May 2014 May 2013 Change
Passengers 649,122 586,118 10.7%
Revenue passenger miles (000) 598,158 575,291 4.0%
Available seat miles (000) 672,430 645,429 4.2%
Load factor 89.0% 89.1% (0.1) pts
Departures 4,392 3,982 10.3%
Average stage length (miles) 896 948 (5.5%)

Total System*

May 2014 May 2013 Change
Passengers 660,981 596,407 10.8%
Revenue passenger miles (000) 609,480 584,061 4.4%
Available seat miles (000) 690,584 662,268 4.3%
Load factor 88.3% 88.2% 0.1 pts
Departures 4,567 4,171 9.5%
Average stage length (miles) 886 931 (4.8%)

*Total system includes scheduled service and fixed fee contract.

Preliminary Financial Results

April 2014 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change 9.7%
April 2014 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change 6.9%
May 2014 estimated year-over-year PRASM change 4.0% to 4.4%
May 2014 estimated year-over-year TRASM change 3.8% to 4.2%
$ per gallon
May 2014 estimated average fuel cost per gallon - system $3.20
May 2014 estimated average fuel cost per gallon - scheduled $3.24


Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
June 2014
            Scheduled +12% +10%
2nd Quarter 2014
            System +10 to 11% +7.5 to 8.5%
            Scheduled +10 to 11% +7 to 8%
3rd Quarter 2014
            System +10 to 14% +9 to 13%
            Scheduled +10 to 14% +9 to 13%

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.


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