ALLEGIANT REPORTS APRIL 2014 TRAFFIC

By GlobeNewswire,  May 05, 2014, 06:56:00 PM EDT


   ALLEGIANT REPORTS APRIL 2014 TRAFFIC

Las Vegas. (May 5, 2014) - Allegiant Travel Company(NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2014.

Scheduled Service

Apr. 2014Apr. 2013Change
Passengers 658,358 591,560 11.3%
Revenue passenger miles (000) 642,321 601,120 6.9%
Available seat miles (000) 724,699 678,011 6.9%
Load factor 88.6% 88.7% (0.1) pts
Departures 4,440 4,039 9.9%
Average stage length (miles) 956 980 (2.4%)

Total System*

Apr. 2014Apr. 2013Change
Passengers 669,532 602,383 11.1%
Revenue passenger miles (000) 651,130 610,467 6.7%
Available seat miles (000) 741,409 697,378 6.3%
Load factor 87.8% 87.5% 0.3 pts
Departures 4,607 4,246 8.5%
Average stage length (miles) 943 961 (1.9%)

*Total system includes scheduled service and fixed fee contract.



Preliminary Financial Results

Change
March 2014 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change (1.9)%
March 2014 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change (1.6)%
  
April 2014 estimated year-over-year PRASM change 9.3% to 9.7%
April 2014 estimated year-over-year TRASM change 6.5% to 6.9%
$ per gallon
April 2014 estimated average fuel cost per gallon - system $3.15
April 2014 estimated average fuel cost per gallon - scheduled $3.18


Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
May 2014
            Scheduled +8% +4%
2nd Quarter 2014
            System +10 to 12% +7 to 9%
            Scheduled +10 to 12% +7 to 9%
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 (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/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:
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

HUG#1782899



This article appears in: News Headlines

Referenced Stocks: ALGT


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