ALLEGIANT REPORTS JANUARY 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported its preliminary passenger traffic results for January 2022. The company served 942,857 passengers, a 1.9% increase from January 2019. Revenue passenger miles rose by 5.4% to 902,934 thousand miles, while available seat miles increased by 23.9% to 1,306,832 thousand miles. However, the load factor decreased to 69.1%, down 12.2 points from January 2019. Average fuel costs per gallon for the month are estimated at $2.65.

Positive

• Passenger traffic increased by 1.9% compared to January 2019.
• Revenue passenger miles rose by 5.4% compared to January 2019.
• Available seat miles increased by 23.9% compared to January 2019.

Negative

• Load factor decreased to 69.1%, down 12.2 points from January 2019.

LAS VEGAS, Feb. 15, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2022.

Scheduled Service – Year Over Three-Year Comparison
	January 2022	January 2019	Change
Passengers	942,857	924,957	1.9%
Revenue passenger miles (000)	902,934	857,008	5.4%
Available seat miles (000)	1,306,832	1,054,498	23.9%
Load factor	69.1%	81.3%	(12.2pts)
Departures	8,102	6,782	19.5%
Average stage length (miles)	916	901	1.7%
Total System* - Year Over Three-Year Comparison
	January 2022	January 2019	Change
Passengers	948,665	930,238	2.0%
Available seat miles (000)	1,334,024	1,080,826	23.4%
Departures	8,291	6,981	18.8%
Average stage length (miles)	914	898	1.8%
Scheduled Service – Year Over Year Comparison
	January 2022	January 2021	Change
Passengers	942,857	547,824	72.1%
Revenue passenger miles (000)	902,934	507,818	77.8%
Available seat miles (000)	1,306,832	885,121	47.6%
Load factor	69.1%	57.4%	11.7pts
Departures	8,102	5,607	44.5%
Average stage length (miles)	916	904	1.3%
Total System* - Year Over Year Comparison
	January 2022	January 2021	Change
Passengers	948,665	550,704	72.3%
Available seat miles (000)	1,334,024	906,452	47.2%
Departures	8,291	5,757	44.0%
Average stage length (miles)	914	902	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
January 2022 estimated average fuel cost per gallon – system	$2.65

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/allegiant-reports-january-2022-traffic-301482172.html

SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger numbers in January 2022?

Allegiant served 942,857 passengers in January 2022.

How did Allegiant's January 2022 traffic compare to January 2019?

Passenger traffic increased by 1.9% compared to January 2019.

What was the load factor for Allegiant in January 2022?

The load factor decreased to 69.1% in January 2022.

What was the estimated average fuel cost per gallon for Allegiant in January 2022?

The estimated average fuel cost was $2.65 per gallon.

How did Allegiant's revenue passenger miles perform in January 2022?

Revenue passenger miles rose by 5.4% to 902,934 thousand miles compared to January 2019.