Allegiant Reports July 2021 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported preliminary passenger traffic results for July 2021, indicating a positive trend compared to July 2019. With 1,852,193 passengers, the company achieved a 6.4% increase in passenger volume from two years prior, alongside a 7.3% rise in revenue passenger miles. The total system also reflected a 107.0% surge in passenger numbers compared to July 2020. However, the load factor decreased to 81.3% from 88.2% in July 2019, highlighting a need for improved capacity utilization amidst increased departures of 13,428.

Positive

• 1,852,193 passengers in July 2021, up 6.4% from July 2019.
• Revenue passenger miles increased by 7.3% compared to July 2019.
• Total system passengers increased by 107.2% compared to July 2020.
• 14.9% increase in available seat miles versus July 2019.
• Total system departures rose by 29.1% compared to July 2020.

Negative

• Load factor declined to 81.3% from 88.2% in July 2019.

LAS VEGAS , Aug. 11, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2021.

Scheduled Service – Year Over Two-Year Comparison

	July 2021	July 2019	Change
Passengers	1,852,193	1,740,997	6.4%
Revenue passenger miles (000)	1,591,306	1,483,724	7.3%
Available seat miles (000)	1,957,736	1,682,024	16.4%
Load factor	81.3%	88.2%	(6.9pts)
Departures	13,428	11,832	13.5%
Average stage length (miles)	834	834	0.0%

Total System* - Year Over Two-Year Comparison

	July 2021	July 2019	Change
Passengers	1,857,678	1,750,065	6.1%
Available seat miles (000)	1,982,157	1,725,577	14.9%
Departures	13,634	12,165	12.1%
Average stage length (miles)	832	833	(0.1%)

Scheduled Service – Year Over Year Comparison

	July 2021	July 2020	Change
Passengers	1,852,193	894,679	107.0%
Revenue passenger miles (000)	1,591,306	768,714	107.0%
Available seat miles (000)	1,957,736	1,516,821	29.1%
Load factor	81.3%	50.7%	30.6pts
Departures	13,428	10,370	29.5%
Average stage length (miles)	834	843	(1.1%)

Total System* - Year Over Year Comparison

	July 2021	July 2020	Change
Passengers	1,857,678	896,478	107.2%
Available seat miles (000)	1,982,157	1,533,852	29.2%
Departures	13,634	10,559	29.1%
Average stage length (miles)	832	838	(0.7%)

*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
July 2021 estimated average fuel cost per gallon – system	$2.19

 

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 July 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 July 2021?

Allegiant reported 1,852,193 passengers in July 2021, a 6.4% increase from July 2019.

How did Allegiant's revenue passenger miles perform in July 2021?

Revenue passenger miles increased by 7.3% compared to July 2019.

What was the load factor for Allegiant in July 2021?

The load factor was 81.3%, down from 88.2% in July 2019.

How did Allegiant's passenger numbers compare year-over-year in July 2021?

Allegiant saw a 107.2% increase in total system passengers compared to July 2020.

What was the average fuel cost per gallon for Allegiant in July 2021?

The estimated average fuel cost per gallon was $2.19.