ALLEGIANT REPORTS JULY 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported its preliminary passenger traffic results for July 2022, showing a significant increase in passenger numbers compared to previous periods.
In July 2022, Allegiant carried 1,931,557 passengers, up 10.9% from July 2019, and 4.3% compared to July 2021.
The load factor improved to 90.5%, up 2.3 points year-over-three-year. Revenue passenger miles increased by 15.4% compared to July 2019, reflecting strong demand and operational performance, despite a higher average fuel cost of $4.05 per gallon.

Positive

• Passenger numbers increased to 1,931,557 in July 2022, a 10.9% rise from July 2019.
• Load factor improved to 90.5%, reflecting efficient capacity utilization.
• Revenue passenger miles increased by 15.4% compared to July 2019.

Negative

• Average fuel cost rose to $4.05 per gallon, impacting operational expenses.
• Available seat miles decreased by 3.3% year-over-year.

LAS VEGAS, Aug. 30, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2022.

Scheduled Service – Year Over Three-Year Comparison
	July 2022	July 2019	Change
Passengers	1,931,557	1,740,997	10.9 %
Revenue passenger miles (000)	1,712,627	1,483,724	15.4 %
Available seat miles (000)	1,892,609	1,682,024	12.5 %
Load factor	90.5 %	88.2 %	2.3pts
Departures	12,381	11,832	4.6 %
Average stage length (miles)	866	834	3.8 %

 

Total System* - Year Over Three-Year Comparison
	July 2022	July 2019	Change
Passengers	1,941,360	1,750,065	10.9 %
Available seat miles (000)	1,926,160	1,725,577	11.6 %
Departures	12,578	12,165	3.4 %
Average stage length (miles)	867	833	4.1 %

 

Scheduled Service – Year Over Year Comparison
	July 2022	July 2021	Change
Passengers	1,931,557	1,852,193	4.3 %
Revenue passenger miles (000)	1,712,627	1,591,306	7.6 %
Available seat miles (000)	1,892,609	1,957,736	(3.3 %)
Load factor	90.5 %	81.3 %	9.2pts
Departures	12,381	13,428	(7.8 %)
Average stage length (miles)	866	834	3.8 %

 

Total System* - Year Over Year Comparison
	July 2022	July 2021	Change
Passengers	1,941,360	1,857,678	4.5 %
Available seat miles (000)	1,926,160	1,982,157	(2.8 %)
Departures	12,578	13,634	(7.7 %)
Average stage length (miles)	867	832	4.2 %

*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 2022 estimated average fuel cost per gallon – system	$4.05

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 are Allegiant's passenger traffic results for July 2022?

Allegiant reported carrying 1,931,557 passengers in July 2022.

How did Allegiant's load factor change in July 2022?

The load factor increased to 90.5% in July 2022.

What was the average fuel cost for Allegiant in July 2022?

The average fuel cost per gallon for July 2022 was $4.05.

How does Allegiant's July 2022 passenger traffic compare to 2019?

Passenger numbers for July 2022 were up 10.9% compared to July 2019.