ALLEGIANT REPORTS MARCH 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) announced its preliminary passenger traffic results for March 2023, showcasing an increase in passengers year-over-year. The total number of passengers reached 1,676,400, a 0.6% increase from March 2022. However, revenue passenger miles decreased by 0.3% to 1,589,454,000 and available seat miles fell by 2.2% to 1,802,132,000. The load factor improved to 88.2%, up by 1.7 points compared to the prior year. For the first quarter of 2023, total passengers increased by 11.1% to 4,122,196, with revenue passenger miles growing by 10.3%. Estimated average fuel cost increased to $3.42 per gallon for Q1 2023, compared to $3.09 in March 2023.

Positive

• Passenger numbers for March 2023 increased to 1,676,400, up 0.6% from 2022.
• First-quarter passenger traffic rose 11.1%, reaching 4,122,196.
• Load factor improved to 88.2%, up 1.7 points year-over-year.

Negative

• Revenue passenger miles decreased by 0.3% to 1,589,454,000.
• Available seat miles dropped by 2.2% to 1,802,132,000.
• Average fuel cost per gallon increased to $3.42, impacting operational costs.

LAS VEGAS, April 13, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2023.

Scheduled Service – Year Over Year Comparison
	March 2023	March 2022	Change
Passengers	1,676,400	1,666,336	0.6 %
Revenue passenger miles (000)	1,589,454	1,594,614	(0.3 %)
Available seat miles (000)	1,802,132	1,843,102	(2.2 %)
Load factor	88.2 %	86.5 %	1.7 pts
Departures	11,119	11,258	(1.2 %)
Average stage length (miles)	916	927	(1.2 %)
	1st Quarter 2023	1st Quarter 2022	Change
Passengers	4,122,196	3,709,104	11.1 %
Revenue passenger miles (000)	3,925,362	3,558,045	10.3 %
Available seat miles (000)	4,573,766	4,512,315	1.4 %
Load factor	85.8 %	78.9 %	6.9 pts
Departures	28,273	27,637	2.3 %
Average stage length (miles)	915	926	(1.2 %)
Total System* - Year Over Year Comparison
	March 2023	March 2022	Change
Passengers	1,691,039	1,679,945	0.7 %
Available seat miles (000)	1,850,874	1,893,962	(2.3 %)
Departures	11,557	11,700	(1.2 %)
Average stage length (miles)	906	918	(1.3 %)
	1st Quarter 2023	1st Quarter 2022	Change
Passengers	4,148,453	3,734,262	11.1 %
Available seat miles (000)	4,677,622	4,620,144	1.2 %
Departures	29,145	28,494	2.3 %
Average stage length (miles)	908	920	(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
March 2023 estimated average fuel cost per gallon – system	$3.09
	$ per gallon
1st quarter 2023 estimated average fuel cost per gallon – system	$3.42

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 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's passenger traffic results for March 2023?

Allegiant reported 1,676,400 passengers in March 2023, a 0.6% increase from the previous year.

How much did Allegiant's load factor improve in March 2023?

The load factor improved to 88.2%, an increase of 1.7 points year-over-year.

What was the revenue passenger miles for Allegiant in March 2023?

Revenue passenger miles decreased by 0.3% to 1,589,454,000 in March 2023.

What is the average fuel cost reported by Allegiant for Q1 2023?

The estimated average fuel cost for the first quarter of 2023 was $3.42 per gallon.

How did Allegiant's first-quarter passenger traffic compare to last year?

First-quarter passenger traffic rose 11.1% compared to the same period last year.