Allegiant Reports January 2021 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported its preliminary passenger traffic results for January 2021. The company served 547,824 passengers, a decline of 48.4% compared to January 2020, when it had 1,061,034 passengers. Revenue passenger miles decreased by 47.4% to 507,818, and available seat miles fell by 25.0% to 885,121. The load factor dropped to 57.4%, down 24.4 points from the previous year. The average fuel cost per gallon in January 2021 was estimated at $1.66.

Positive

• Average stage length increased by 2.7% to 904 miles.
• Average fuel cost remains low at $1.66 per gallon.

Negative

• Passenger traffic decreased by 48.4% year-over-year.
• Revenue passenger miles dropped by 47.4%.
• Available seat miles declined by 25.0%.
• Load factor fell by 24.4 percentage points.
• Departures reduced by 27.9%.

LAS VEGAS, Feb. 17, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2021.

Scheduled Service
	January 2021	January 2020	Change
Passengers	547,824	1,061,034	(48.4%)
Revenue passenger miles (000)	507,818	964,773	(47.4%)
Available seat miles (000)	885,121	1,180,041	(25.0%)
Load factor	57.4%	81.8%	(24.4pts)
Departures	5,607	7,774	(27.9%)
Average stage length (miles)	904	880	2.7%

                                                                       

Total System*
	January 2021	January 2020	Change
Passengers	550,704	1,069,139	(48.5%)
Available seat miles (000)	906,452	1,221,070	(25.8%)
Departures	5,757	8,081	(28.8%)
Average stage length (miles)	902	877	2.9%

*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
January 2021 estimated average fuel cost per gallon – system	$1.66

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

 

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SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger traffic results for January 2021?

Allegiant reported 547,824 passengers in January 2021, down 48.4% from January 2020.

How has Allegiant's available seat miles changed in January 2021?

Available seat miles decreased by 25.0% to 885,121 in January 2021 compared to January 2020.

What was the load factor for Allegiant in January 2021?

Allegiant's load factor for January 2021 was 57.4%, a decline of 24.4 percentage points from the previous year.

What is the average fuel cost per gallon for Allegiant in January 2021?

The estimated average fuel cost per gallon for Allegiant in January 2021 was $1.66.