Allegiant Travel Company : ALLEGIANT REPORTS FEBRUARY 2013 TRAFFIC AND COMPLETION OF THE 166 SEAT PROJECT ALLEGIANT REPORTS FEBRUARY 2013 TRAFFIC AND COMPLETION OF THE 166 SEAT PROJECT Las Vegas. (March 05, 2013) Allegiant Travel Company (NASDAQ: ALGT) - today reported preliminary passenger traffic results for February 2013. It is also reporting that it completed the project of converting 51 MD-80 aircraft from 150 seats to 166 seats in the month of February. "This project was a significant investment into our MD-80s and subsequently the profitability of the company," said Andrew C. Levy, Allegiant President. "The overall project came in under budget and on average we lost 100 pounds per aircraft after the addition of the sixteen seats. We have also seen that the incremental cost per customer for the additional seats has trended below the amount of total ancillary revenue we received per passenger in January 2013. The MD-80 is a key component to the success of our company and we expect to utilize these assets long into the foreseeable future." Scheduled Service Feb 2013 Feb 2012 Change Passengers 541,413 500,590 8.2% Revenue passenger miles (000) 551,788 478,217 15.4% Available seat miles (000) 615,327 528,379 16.5% Load factor 89.7% 90.5% (0.8)pts Departures 3,641 3,661 (0.5)% Average stage length (miles) 984 932 5.6% Total System* Feb 2013 Feb 2012 Change Passengers 552,109 532,664 3.7% Revenue passenger miles (000) 560,833 503,312 11.4% Available seat miles (000) 637,949 572,320 11.5% Load factor 87.9% 87.9% - Departures 3,871 4,203 (7.9)% Average stage length (miles) 961 883 8.8% *Total system includes scheduled service, fixed fee contract and non-revenue flying. Preliminary Financial Results Change January 2013 actual year-over-year Scheduled revenue per scheduled ASM (PRASM) change (10.6)% January 2013 actual year-over-year Scheduled total revenue per scheduled ASM (TRASM) change (3.3)% February 2013 estimated year-over-year PRASM change (6.9)% to (6.5)% February 2013 estimated year-over-year TRASM change 0.0% to 0.4% $ per gallon February 2013 estimated average fuel cost per gallon - system $3.59 February 2013 estimated average fuel cost per gallon - $3.54 scheduled Guidance Capacity guidance, subject to revision Year over Year Growth Departures ASMs March 2013 Scheduled (1)% 16% 1^st Quarter 2013 System (7) to (5)% +12 to 14% Scheduled (2) to 0% +15 to 17% 2^nd Quarter 2013 System (7) to (3)% +14 to 18% Scheduled 0 to 4% +19 to 23% 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 was ranked ninth in the 2011 Forbes' Best Small Companies. Allegiant was also recently named one of FORTUNE magazine's "100 Fastest-Growing Companies" for the second consecutive year. 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: Brian Davis Chris Allen e-mail: firstname.lastname@example.org e-mail:email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Allegiant Travel Company via Thomson Reuters ONE HUG#1683265
Allegiant Travel Company : ALLEGIANT REPORTS FEBRUARY 2013 TRAFFIC AND COMPLETION OF THE 166 SEAT PROJECT
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