ALLEGIANT REPORTS APRIL 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported strong preliminary passenger traffic results for April 2022. The airline had 1,515,579 passengers, a 19.5% increase from April 2019 and a 50.1% rise compared to April 2021. Revenue passenger miles reached 1,403,617, marking a 21.6% increase since 2019, while available seat miles rose 15.5% to 1,646,286. The load factor improved to 85.3%. Furthermore, the average fuel cost was estimated at $4.15 per gallon for the month.

Positive

• April 2022 passenger count increased by 19.5% compared to April 2019.
• Revenue passenger miles rose by 21.6% from April 2019.
• Load factor improved to 85.3%, enhancing operational efficiency.

Negative

• Estimated fuel cost in April 2022 was $4.15 per gallon, potentially impacting profit margins.

LAS VEGAS, May 19, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2022.

Scheduled Service – Year Over Three-Year Comparison
	April 2022	April 2019	Change
Passengers	1,515,579	1,268,298	19.5%
Revenue passenger miles (000)	1,403,617	1,154,056	21.6%
Available seat miles (000)	1,646,286	1,425,278	15.5%
Load factor	85.3%	81.0%	4.3pts
Departures	10,349	9,305	11.2%
Average stage length (miles)	901	895	0.7%

 

Total System* - Year Over Three-Year Comparison
	April 2022	April 2019	Change
Passengers	1,525,921	1,281,143	19.1%
Available seat miles (000)	1,677,606	1,471,005	14.0%
Departures	10,594	9,653	9.7%
Average stage length (miles)	898	891	0.8%

 

Scheduled Service – Year Over Year Comparison
	April 2022	April 2021	Change
Passengers	1,515,579	1,009,460	50.1%
Revenue passenger miles (000)	1,403,617	904,249	55.2%
Available seat miles (000)	1,646,286	1,417,235	16.2%
Load factor	85.3%	63.8%	21.5pts
Departures	10,349	9,408	10.0%
Average stage length (miles)	901	868	3.8%

 

Total System* - Year Over Year Comparison
	April 2022	April 2021	Change
Passengers	1,525,921	1,016,688	50.1%
Available seat miles (000)	1,677,606	1,447,376	15.9%
Departures	10,594	9,663	9.6%
Average stage length (miles)	898	863	4.1%

*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 2022 estimated average fuel cost per gallon – system	$4.15

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 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 November 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:
Sonya Padgett		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 numbers for April 2022?

Allegiant reported 1,515,579 passengers in April 2022.

How did April 2022 compare to April 2019 for Allegiant?

Passenger numbers increased by 19.5% compared to April 2019.

What was the load factor for Allegiant in April 2022?

The load factor for April 2022 was 85.3%.

What was the average fuel cost for Allegiant in April 2022?

The average fuel cost per gallon for April 2022 was estimated at $4.15.