ALLEGIANT REPORTS AUGUST 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company reports a decrease in passenger traffic for August 2023 compared to the previous year.

Positive

• None.

Negative

• Passengers decreased by 5.0% YoY, revenue passenger miles decreased by 4.9% YoY, available seat miles decreased by 3.9% YoY, departures decreased by 4.8% YoY.

LAS VEGAS, Sept. 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2023.

Scheduled Service – Year Over Year Comparison
	August 2023	August 2022	Change
Passengers	1,310,751	1,379,071	(5.0 %)
Revenue passenger miles (000)	1,163,582	1,223,427	(4.9 %)
Available seat miles (000)	1,353,230	1,408,597	(3.9 %)
Load factor	86.0 %	86.9 %	(0.9) pts
Departures	8,839	9,287	(4.8 %)
Average stage length (miles)	866	859	0.8 %

 

Total System* - Year Over Year Comparison
	August 2023	August 2022	Change
Passengers	1,320,721	1,386,149	(4.7 %)
Available seat miles (000)	1,402,344	1,444,626	(2.9 %)
Departures	9,211	9,567	(3.7 %)
Average stage length (miles)	861	855	0.7 %

*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
August 2023 estimated average fuel cost per gallon – system	$3.16

 

Guidance Update
	Previous Guide	Current Guide
Full-year 2023 estimated average fuel cost per gallon – system	$2.90	$3.17

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 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:
Sonya Padgett		Sherry Wilson
email: mediarelations@allegiantair.com		email: ir@allegiantair.com

 

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SOURCE Allegiant Travel Company