ALLEGIANT REPORTS DECEMBER 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported strong passenger traffic results for December 2022, with a 10.9% increase in passengers compared to December 2019, totaling 1,450,978. Fourth quarter results also showed a 10.7% rise, with 3,893,870 passengers. Full year 2022 reflected an impressive 12.2% growth year-over-year, reaching 16,630,138 passengers. Revenue passenger miles increased by 16.8% year-over-year, with load factors at 85.0%. Estimated average fuel costs per gallon for December 2022 were $3.23, while the fourth quarter averaged $3.59. These trends indicate robust recovery and operational efficiency for Allegiant.

Positive

• Overall passenger growth of 12.2% in full year 2022 compared to 2019.
• Revenue passenger miles increased by 16.8% year-over-year.
• Load factor improved to 85.0%, indicating high operational efficiency.

Negative

• Average fuel costs per gallon rose to $3.73 for full year 2022, increasing operational expenses.

LAS VEGAS, Jan. 19, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2022, fourth quarter 2022, and full year 2022.

Scheduled Service – Year Over Three-Year Comparison
	December 2022	December 2019	Change
Passengers	1,450,978	1,308,341	10.9 %
Revenue passenger miles (000)	1,348,142	1,165,902	15.6 %
Available seat miles (000)	1,591,240	1,411,107	12.8 %
Load factor	84.7 %	82.6 %	2.1 pts
Departures	10,024	9,423	6.4 %
Average stage length (miles)	901	871	3.4 %
	4th Quarter 2022	4th Quarter 2019	Change
Passengers	3,893,870	3,516,263	10.7 %
Revenue passenger miles (000)	3,578,134	3,073,055	16.4 %
Available seat miles (000)	4,192,352	3,745,031	11.9 %
Load factor	85.3 %	82.1 %	3.2 pts
Departures	26,591	25,541	4.1 %
Average stage length (miles)	893	856	4.3 %
	Full Year 2022	Full Year 2019	Change
Passengers	16,630,138	14,823,267	12.2 %
Revenue passenger miles (000)	15,224,346	13,038,003	16.8 %
Available seat miles (000)	17,909,190	15,545,818	15.2 %
Load factor	85.0 %	83.9 %	1.1 pts
Departures	114,066	105,690	7.9 %
Average stage length (miles)	890	859	3.6 %

 

Total System* - Year Over Three-Year Comparison
	December 2022	December 2019	Change
Passengers	1,461,523	1,318,872	10.8 %
Available seat miles (000)	1,626,795	1,453,592	11.9 %
Departures	10,292	9,742	5.6 %
Average stage length (miles)	897	868	3.3 %

	4th Quarter 2022		4th Quarter 2019	Change
Passengers	3,962,466		3,585,966	10.5 %
Available seat miles (000)	4,358,220		3,928,536	10.9 %
Departures	28,005		27,088	3.4 %
Average stage length (miles)	881		846	4.1 %
	Full Year 2022	Full Year 2019		Change
Passengers	16,796,544	15,012,149		11.9 %
Available seat miles (000)	18,419,045	16,174,240		13.9 %
Departures	118,069	110,542		6.8 %
Average stage length (miles)	884	855		3.4 %

 

Scheduled Service – Year Over Year Comparison
	December 2022	December 2021	Change
Passengers	1,450,978	1,320,403	9.9 %
Revenue passenger miles (000)	1,348,142	1,226,131	10.0 %
Available seat miles (000)	1,591,240	1,556,101	2.3 %
Load factor	84.7 %	78.8 %	5.9 pts
Departures	10,024	9,801	2.3 %
Average stage length (miles)	901	902	(0.1 %)
	4th Quarter 2022	4th Quarter 2021	Change
Passengers	3,893,870	3,671,032	6.1 %
Revenue passenger miles (000)	3,578,134	3,306,563	8.2 %
Available seat miles (000)	4,192,352	4,288,133	(2.2 %)
Load factor	85.3 %	77.1 %	8.2 pts
Departures	26,591	27,818	(4.4 %)
Average stage length (miles)	893	876	1.9 %
	Full Year 2022	Full Year 2021	Change
Passengers	16,630,138	13,509,544	23.1 %
Revenue passenger miles (000)	15,224,346	11,963,715	27.3 %
Available seat miles (000)	17,909,190	17,027,902	5.2 %
Load factor	85.0 %	70.3 %	14.7pts
Departures	114,066	113,121	0.8 %
Average stage length (miles)	890	862	3.2 %

 

Total System* - Year Over Year Comparison
	December 2022	December 2021	Change
Passengers	1,461,523	1,327,884	10.1 %
Available seat miles (000)	1,626,795	1,586,060	2.6 %
Departures	10,292	10,065	2.3 %
Average stage length (miles)	897	896	0.1 %
	4th Quarter 2022	4th Quarter 2021	Change
Passengers	3,962,466	3,731,034	6.2 %
Available seat miles (000)	4,358,220	4,440,839	(1.9 %)
Departures	28,005	29,193	(4.1 %)
Average stage length (miles)	881	865	1.8 %
	Full Year 2022	Full Year 2021	Change
Passengers	16,796,544	13,637,405	23.2 %
Available seat miles (000)	18,419,045	17,490,571	5.3 %
Departures	118,069	117,047	0.9 %
Average stage length (miles)	884	856	3.3 %

*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 2022 estimated average fuel cost per gallon – system	$3.23
	$ per gallon
4th quarter 2022 estimated average fuel cost per gallon – system	$3.59
	$ per gallon
Full year 2022 estimated average fuel cost per gallon – system	$3.73

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 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

FAQ

What were Allegiant's passenger traffic results for December 2022?

In December 2022, Allegiant reported 1,450,978 passengers, a 10.9% increase compared to December 2019.

How did Allegiant's fourth quarter 2022 compare to 2019?

Allegiant's fourth quarter 2022 saw 3,893,870 passengers, a 10.7% increase from the same period in 2019.

What was the load factor for Allegiant in 2022?

The load factor for Allegiant in 2022 was 85.0%, highlighting strong demand.

What was the estimated average fuel cost for Allegiant in December 2022?

The estimated average fuel cost per gallon for December 2022 was $3.23.

How many passengers did Allegiant have in full year 2022?

In full year 2022, Allegiant served 16,630,138 passengers.