Allegiant Reports June 2024 Traffic
Allegiant Travel Company (NASDAQ: ALGT) has released its preliminary passenger traffic results for June 2024. The report shows a 1.5% increase in scheduled service passengers compared to June 2023, reaching 1,830,067. However, the load factor decreased by 3.5 percentage points to 86.6%. For the second quarter of 2024, passenger numbers declined by 3.1% compared to the same period in 2023. The company's total system passengers increased by 1.9% in June 2024 compared to the previous year. Allegiant also reported an estimated average fuel cost of $2.72 per gallon for June 2024 and $2.83 per gallon for the second quarter of 2024.
Allegiant Travel Company (NASDAQ: ALGT) ha pubblicato i suoi risultati preliminari sul traffico passeggeri per giugno 2024. Il rapporto mostra un aumento dell'1,5% nel numero di passeggeri dei servizi programmati rispetto a giugno 2023, raggiungendo 1.830.067. Tuttavia, il fattore di carico è diminuito di 3,5 punti percentuali, attestandosi al 86,6%. Per il secondo trimestre del 2024, i passeggeri sono diminuiti del 3,1% rispetto allo stesso periodo del 2023. Il totale dei passeggeri del sistema è aumentato dell'1,9% a giugno 2024 rispetto all'anno precedente. Allegiant ha anche riportato un costo medio stimato del carburante di $2,72 per gallone per giugno 2024 e $2,83 per gallone per il secondo trimestre del 2024.
Allegiant Travel Company (NASDAQ: ALGT) ha publicado sus resultados preliminares de tráfico de pasajeros para junio de 2024. El informe muestra un aumento del 1.5% en el número de pasajeros de servicio regular en comparación con junio de 2023, alcanzando 1.830.067. Sin embargo, el factor de ocupación disminuyó en 3.5 puntos porcentuales, situándose en 86.6%. Para el segundo trimestre de 2024, el número de pasajeros disminuyó un 3.1% en comparación con el mismo periodo de 2023. El total de pasajeros del sistema aumentó un 1.9% en junio de 2024 en comparación con el año anterior. Allegiant también informó un costo promedio estimado de combustible de $2.72 por galón para junio de 2024 y $2.83 por galón para el segundo trimestre de 2024.
알레지언트 여행사(나스닥: ALGT)가 2024년 6월의 예비 승객 교통 결과를 발표했습니다. 보고서에 따르면 2023년 6월과 비교하여 정기 서비스 승객 수가 1.5% 증가하여 1,830,067에 도달했습니다. 그러나 적재율은 3.5 포인트 감소하여 86.6%가 되었습니다. 2024년 2분기 동안 승객 수는 2023년 같은 기간에 비해 3.1% 줄어들었습니다. 회사의 전체 시스템 승객 수는 2024년 6월에 전년 대비 1.9% 증가했습니다. 알레지언트는 또한 2024년 6월의 추정 평균 연료 비용이 갤런당 $2.72이며 2024년 2분기에는 갤런당 $2.83라고 보고했습니다.
La société Allegiant Travel Company (NASDAQ: ALGT) a publié ses résultats préliminaires de trafic passagers pour juin 2024. Le rapport indique une augmentation de 1,5% du nombre de passagers en service régulier par rapport à juin 2023, atteignant 1.830.067. Cependant, le taux de remplissage a diminué de 3,5 points de pourcentage, se chiffrant à 86,6%. Pour le deuxième trimestre de 2024, les chiffres des passagers ont diminué de 3,1% par rapport à la même période en 2023. Le nombre total de passagers du système a augmenté de 1,9% en juin 2024 par rapport à l'année précédente. Allegiant a également signalé un coût moyen estimé du carburant de 2,72 $ par gallon pour juin 2024 et 2,83 $ par gallon pour le deuxième trimestre de 2024.
Die Allegiant Travel Company (NASDAQ: ALGT) hat ihre vorläufigen Passagierzahlen für Juni 2024 veröffentlicht. Der Bericht zeigt einen Anstieg von 1,5% bei den planmäßigen Fluggästen im Vergleich zu Juni 2023, mit insgesamt 1.830.067 Passagieren. Allerdings ging die Auslastung um 3,5 Prozentpunkte auf 86,6% zurück. Im zweiten Quartal 2024 sank die Zahl der Passagiere um 3,1% im Vergleich zum gleichen Zeitraum 2023. Die Gesamtzahl der Passagiere im System stieg im Juni 2024 um 1,9% im Vergleich zum Vorjahr. Allegiant berichtete außerdem von einem geschätzten durchschnittlichen Kraftstoffpreis von 2,72 $ pro Gallone für Juni 2024 und 2,83 $ pro Gallone für das zweite Quartal 2024.
- 1.5% increase in scheduled service passengers for June 2024 compared to June 2023
- 1.9% increase in total system passengers for June 2024 compared to June 2023
- 6.0% increase in departures for June 2024 compared to June 2023
- 5.5% increase in available seat miles for June 2024 compared to June 2023
- 3.5 percentage point decrease in load factor for June 2024 compared to June 2023
- 3.1% decrease in passengers for Q2 2024 compared to Q2 2023
- 4.0% decrease in revenue passenger miles for Q2 2024 compared to Q2 2023
- 2.2 percentage point decrease in load factor for Q2 2024 compared to Q2 2023
Insights
Allegiant's June 2024 traffic report reveals some interesting trends in the airline's performance. The 1.5% year-over-year increase in passengers for June is a positive sign, indicating a slight growth in demand. However, this is offset by a more concerning 3.1% decrease in passengers for the entire second quarter of 2024 compared to 2023.
The most striking figure is the 5.5% increase in available seat miles (ASMs) for June 2024, significantly outpacing the growth in passengers. This expansion in capacity, coupled with the 3.5 percentage point drop in load factor to 86.6%, suggests that Allegiant may be struggling to fill its additional seats efficiently. This could potentially pressure yields and profitability if the trend continues.
On the fuel cost front, the estimated average fuel cost per gallon for June 2024 stands at
The discrepancy between the monthly and quarterly figures indicates some volatility in Allegiant's performance. While June showed slight growth, the overall quarter experienced a decline in passengers and revenue passenger miles. This inconsistency warrants closer attention to understand the underlying factors affecting demand and the airline's ability to adapt to market conditions.
Allegiant's traffic report for June 2024 provides valuable insights into the airline's market positioning and operational strategy. The 6% increase in departures for June, coupled with the 5.5% rise in available seat miles, indicates an aggressive expansion of routes and frequencies. This strategy appears to be aimed at capturing market share, but it comes with risks.
The load factor decrease of 3.5 percentage points to 86.6% suggests that this capacity expansion may be outpacing demand growth. While still a relatively high load factor, this decline could impact revenue per available seat mile (RASM) if it persists. Allegiant's focus on connecting small-to-medium cities with vacation destinations may be facing increased competition or changing travel patterns.
It's noteworthy that the average stage length remained constant at 868 miles for June, indicating that Allegiant is maintaining its focus on short-to-medium haul routes. This consistency aligns with their low-cost carrier model and their target market of leisure travelers.
The discrepancy between June's growth and the overall Q2 decline in passengers (
Overall, while June shows some positive trends, the broader Q2 results indicate challenges that Allegiant needs to address to maintain its competitive edge in the budget airline sector.
Scheduled Service – Year Over Year Comparison
June 2024 | June 2023 | Change | |
Passengers | 1,830,067 | 1,802,886 | 1.5 % |
Revenue passenger miles (000) | 1,612,782 | 1,590,984 | 1.4 % |
Available seat miles (000) | 1,862,875 | 1,766,164 | 5.5 % |
Load factor | 86.6 % | 90.1 % | (3.5 pts) |
Departures | 12,217 | 11,530 | 6.0 % |
Average stage length (miles) | 868 | 868 | 0.0 % |
2nd Quarter 2024 | 2nd Quarter 2023 | Change | |
Passengers | 4,572,769 | 4,719,623 | (3.1 %) |
Revenue passenger miles (000) | 4,108,288 | 4,278,399 | (4.0 %) |
Available seat miles (000) | 4,848,017 | 4,925,194 | (1.6 %) |
Load factor | 84.7 % | 86.9 % | (2.2 pts) |
Departures | 31,128 | 31,487 | (1.1 %) |
Average stage length (miles) | 885 | 887 | (0.2 %) |
Total System* - Year Over Year Comparison
June 2024 | June 2023 | Change | |
Passengers | 1,849,172 | 1,814,041 | 1.9 % |
Available seat miles (000) | 1,931,393 | 1,805,699 | 7.0 % |
Departures | 12,639 | 11,816 | 7.0 % |
Average stage length (miles) | 870 | 866 | 0.5 % |
2nd Quarter 2024 | 2nd Quarter 2023 | Change | |
Passengers | 4,621,848 | 4,755,981 | (2.8 %) |
Available seat miles (000) | 5,013,209 | 5,053,547 | (0.8 %) |
Departures | 32,252 | 32,396 | (0.4 %) |
Average stage length (miles) | 883 | 884 | (0.1 %) |
*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 | |
June 2024 estimated average fuel cost per gallon – system | |
2nd quarter 2024 estimated fuel cost per gallon - system | |
Allegiant Travel Company
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: | |
Sonya Padgett | Sherry Wilson | |
email: ir@allegiantair.com |
Category: News
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SOURCE Allegiant Travel Company
FAQ
What was Allegiant's passenger growth in June 2024 compared to June 2023?
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