ALLEGIANT REPORTS JANUARY 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported strong preliminary passenger traffic results for January 2023, with 1,203,241 passengers, a notable increase of 27.6% compared to 942,857 in January 2022. Revenue passenger miles rose by 27.0% to 1,146,506,000, while available seat miles increased by 5.5% to 1,378,569,000. The load factor improved to 83.2%, up 14.1 percentage points year-over-year. Overall, the total system reported 1,207,121 passengers, reflecting a 27.2% growth from January 2022, with system-wide available seat miles at 1,401,970,000.

Positive

• Passenger traffic increased by 27.6% to 1,203,241 in January 2023.
• Revenue passenger miles rose by 27.0% to 1,146,506,000.
• Load factor improved to 83.2%, up 14.1 points from the previous year.
• Total system passengers increased by 27.2% to 1,207,121.

Negative

• Average stage length decreased by 1.0% to 907 miles.
• Estimated average fuel cost increased to $3.75 per gallon.

LAS VEGAS, Feb. 21, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2023.

Scheduled Service – Year Over Year Comparison
	January 2023	January 2022	Change
Passengers	1,203,241	942,857	27.6 %
Revenue passenger miles (000)	1,146,506	902,934	27.0 %
Available seat miles (000)	1,378,569	1,306,832	5.5 %
Load factor	83.2 %	69.1 %	14.1pts
Departures	8,617	8,102	6.4 %
Average stage length (miles)	907	916	(1.0 %)

 

Total System* - Year Over Year Comparison
	January 2023	January 2022	Change
Passengers	1,207,121	948,665	27.2 %
Available seat miles (000)	1,401,970	1,334,024	5.1 %
Departures	8,813	8,291	6.3 %
Average stage length (miles)	902	914	(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 2023 estimated average fuel cost per gallon – system	$3.75

 

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 Travel's passenger traffic results for January 2023?

Allegiant Travel reported 1,203,241 passengers in January 2023, a 27.6% increase year-over-year.

How much did revenue passenger miles increase for Allegiant Travel in January 2023?

Revenue passenger miles increased by 27.0% to 1,146,506,000 in January 2023.

What was the load factor for Allegiant Travel in January 2023?

The load factor was 83.2%, up 14.1 percentage points from January 2022.

How did Allegiant Travel's available seat miles change in January 2023?

Available seat miles increased by 5.5% to 1,378,569,000 in January 2023.

What was the average fuel cost for Allegiant Travel in January 2023?

The estimated average fuel cost was $3.75 per gallon in January 2023.