Allegiant Reports December 2020 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported preliminary passenger traffic results for December 2020, revealing 673,041 passengers, a 48.6% decline from December 2019. Load factors improved to 58.2% for Q4 2020, the highest since the pandemic began, driven by holiday travel. Total revenue passenger miles decreased by 47.6% year-over-year, while available seat miles dropped by 20%. The average fuel cost per gallon was estimated at $1.56 for December, and $1.41 for Q4 2020. Despite challenges, positive forward booking trends are noted for early 2021.

Positive

• Q4 2020 load factor improved to 58.2%, the highest since the pandemic started.
• Encouraging forward booking trends observed for February and peak Spring Break travel.

Negative

• Passenger traffic decreased by 48.6% compared to December 2019.
• Revenue passenger miles fell by 47.6% year-over-year.
• Available seat miles declined by 20% year-over-year.

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2020.

"As expected, the fourth quarter highlighted the divergence in strength between peak travel periods and non-peak periods," stated Drew Wells, vice president of revenue. "Demand remained soft throughout much of December before accelerating during the peak holiday travel period at the end of the month. Load factors during the peak period came in at nearly 60 percent, which aided in completing the quarter with a load factor of 58.2 percent, the best since the onset of the pandemic. Over the last several weeks, we have been encouraged by favorable forward booking trends as flight volumes begin to pick up mid-February and into peak Spring Break travel. We remain cognizant that the situation is fluid and will continue to manage capacity to meet the changing demand environment."

Scheduled Service
	December 2020	December 2019	Change
Passengers	673,041	1,308,341	(48.6%)
Revenue passenger miles (000)	611,429	1,165,902	(47.6%)
Available seat miles (000)	1,128,200	1,411,107	(20.0%)
Load factor	54.2%	82.6%	(28.4pts)
Departures	7,281	9,423	(22.7%)
Average stage length (miles)	891	871	2.3%
	4th Quarter 2020	4th Quarter 2019	Change
Passengers	2,129,292	3,516,263	(39.4%)
Revenue passenger miles (000)	1,878,831	3,073,055	(38.9%)
Available seat miles (000)	3,226,050	3,745,031	(13.9%)
Load factor	58.2%	82.1%	(23.9 pts)
Departures	21,399	25,541	(16.2%)
Average stage length (miles)	868	856	1.4%
	YTD 2020	YTD 2019	Change
Passengers	8,553,623	14,823,267	(42.3%)
Revenue passenger miles (000)	7,626,470	13,038,003	(41.5%)
Available seat miles (000)	12,814,080	15,545,818	(17.6%)
Load factor	59.5%	83.9%	(24.4 pts)
Departures	85,276	105,690	(19.3%)
Average stage length (miles)	867	859	0.9%

 

Total System*
	December 2020	December 2019	Change
Passengers	679,424	1,318,872	(48.5%)
Available seat miles (000)	1,147,534	1,453,592	(21.1%)
Departures	7,471	9,742	(23.3%)
Average stage length (miles)	883	868	1.7%
	4th Quarter 2020	4th Quarter 2019	Change
Passengers	2,159,035	3,585,966	(39.8%)
Available seat miles (000)	3,315,599	3,928,536	(15.6%)
Departures	22,189	27,088	(18.1%)
Average stage length (miles)	860	846	1.7%
	YTD 2020	YTD 2019	Change
Passengers	8,623,984	15,012,149	(42.6%)
Available seat miles (000)	13,125,533	16,174,240	(18.8%)
Departures	87,955	110,542	(20.4%)
Average stage length (miles)	862	855	0.8%

*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
December 2020 estimated average fuel cost per gallon – system	$1.56
	$ per gallon
4th quarter 2020 estimated average fuel cost per gallon – system	$1.41

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

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/allegiant-reports-december-2020-traffic-301207069.html

SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger traffic results for December 2020?

Allegiant reported 673,041 passengers in December 2020, a 48.6% decline compared to December 2019.

What was the load factor for Allegiant in Q4 2020?

The load factor for Allegiant in Q4 2020 was 58.2%, the best since the pandemic began.

How did Allegiant's revenue passenger miles change in December 2020?

Revenue passenger miles decreased by 47.6% year-over-year in December 2020.

What are the fuel costs for Allegiant in December 2020?

The estimated average fuel cost per gallon for December 2020 was $1.56.