ALLEGIANT REPORTS FEBRUARY 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported strong preliminary passenger traffic results for February 2023, with a total of 1,242,555 passengers, reflecting a 13.0% increase year-over-year compared to 1,099,911 passengers in February 2022. Revenue passenger miles increased by 12.2% to 1,189,402,000, while available seat miles rose 2.3% to 1,393,065,000. The overall load factor improved significantly to 85.4%, up by 7.6 percentage points. The average fuel cost per gallon for February was estimated at $3.53.

Positive

• Passenger traffic increased by 13.0% to 1,242,555 passengers.
• Revenue passenger miles rose by 12.2% to 1,189,402,000.
• Load factor improved to 85.4%, a 7.6 percentage point increase.

Negative

• Average stage length decreased by 1.2%.

LAS VEGAS, March 17, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2023.

Scheduled Service – Year Over Year Comparison
	February 2023	February 2022	Change
Passengers	1,242,555	1,099,911	13.0 %
Revenue passenger miles (000)	1,189,402	1,060,497	12.2 %
Available seat miles (000)	1,393,065	1,362,381	2.3 %
Load factor	85.4 %	77.8 %	7.6pts
Departures	8,537	8,277	3.1 %
Average stage length (miles)	921	932	(1.2 %)

 

Total System* - Year Over Year Comparison
	February 2023	February 2022	Change
Passengers	1,250,293	1,105,652	13.1 %
Available seat miles (000)	1,424,778	1,392,157	2.3 %
Departures	8,775	8,503	3.2 %
Average stage length (miles)	916	928	(1.3 %)

*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
February 2023 estimated average fuel cost per gallon – system	$3.53

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 results for February 2023?

Allegiant reported 1,242,555 passengers for February 2023, a 13.0% increase from February 2022.

How did Allegiant perform in terms of revenue passenger miles in February 2023?

In February 2023, Allegiant's revenue passenger miles increased by 12.2% to 1,189,402,000.

What is the load factor for Allegiant in February 2023?

Allegiant's load factor for February 2023 improved to 85.4%, up by 7.6 percentage points from the previous year.

What was the average fuel cost per gallon for Allegiant in February 2023?

The estimated average fuel cost per gallon for Allegiant in February 2023 was $3.53.

What are the available seat miles for Allegiant in February 2023?

Allegiant reported available seat miles of 1,393,065,000 for February 2023, an increase of 2.3% year-over-year.