Allegiant Reports April 2021 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) disclosed its preliminary passenger traffic results for April 2021. Total scheduled service passengers reached 1,009,460, down 20.4% from April 2019. Revenue passenger miles also fell 21.6% to 904,249,000. The load factor decreased by 17.2 percentage points to 63.8%. Although the number of departures slightly increased by 1.1%, available seat miles saw a 0.6% drop to 1,417,235,000. Year-over-year comparisons highlight a remarkable recovery, with passenger counts up by 2,677.7% from April 2020.

Positive

• Year-over-year passenger count increased by 2,677.7% compared to April 2020.
• Increase in departures by 1.1% from April 2019.

Negative

• Total scheduled service passengers decreased by 20.4% compared to April 2019.
• Revenue passenger miles fell by 21.6% from April 2019.
• Load factor dropped by 17.2 percentage points to 63.8%.

LAS VEGAS, May 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2021.

Scheduled Service – Year Over Two-Year Comparison
	April 2021	April 2019	Change
Passengers	1,009,460	1,268,298	(20.4%)
Revenue passenger miles (000)	904,249	1,154,056	(21.6%)
Available seat miles (000)	1,417,235	1,425,278	(0.6%)
Load factor	63.8%	81.0%	(17.2 pts)
Departures	9,408	9,305	1.1%
Average stage length (miles)	868	895	(3.0%)

 

Total System* - Year Over Two-Year Comparison
	April 2021	April 2019	Change
Passengers	1,016,688	1,281,143	(20.6%)
Available seat miles (000)	1,447,376	1,471,005	(1.6%)
Departures	9,663	9,653	0.1%
Average stage length (miles)	863	891	(3.1%)

 

Scheduled Service – Year Over Year Comparison
	April 2021	April 2020	Change
Passengers	1,009,460	36,342	2,677.7%
Revenue passenger miles (000)	904,249	35,179	2,470.4%
Available seat miles (000)	1,417,235	182,500	676.6%
Load factor	63.8%	19.3%	44.5pts
Departures	9,408	1,089	763.9%
Average stage length (miles)	868	934	(7.1%)

 

Total System* - Year Over Year Comparison
	April 20211	April 2020	Change
Passengers	1,016,688	38,812	2,519.5%
Available seat miles (000)	1,447,376	194,739	643.2%
Departures	9,663	1,189	712.7%
Average stage length (miles)	863	914	(5.6%)

*Total system includes scheduled service and fixed fee contract.  System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs.  Fixed fee flying is better measured through dollar contribution versus operational statistics.

Preliminary Financial Results
	$ per gallon
April 2021 estimated average fuel cost per gallon – system	$1.90

Allegiant Travel Company

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

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.allegiantair.com

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.

Allegiant Media Contact:		Investor Inquiries:
Hilarie Grey		Sherry Wilson
email: mediarelations@allegiantair.com		email: ir@allegiantair.com

 

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SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger traffic results for April 2021?

Allegiant reported 1,009,460 scheduled service passengers in April 2021, down 20.4% from April 2019.

How did Allegiant's revenue passenger miles perform in April 2021?

Revenue passenger miles for April 2021 totaled 904,249,000, decreasing by 21.6% compared to April 2019.

What is the load factor reported by Allegiant for April 2021?

Allegiant's load factor for April 2021 was 63.8%, down 17.2 percentage points from April 2019.

How did Allegiant's performance change compared to April 2020?

Year-over-year, Allegiant saw a significant increase in passengers by 2,677.7% compared to April 2020.