Allegiant Reports May 2021 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported preliminary passenger traffic results for May 2021, showing continued recovery in leisure demand. The company recorded 1,040,590 scheduled service passengers, an 18% decrease from May 2019. Load factors improved, reaching 68.7%, with peak Memorial Day loads around 80%. Despite the positive trend, scheduled service revenue is anticipated to decline by 6-10% compared to Q2 2019. Average fuel costs for May were estimated at $2.02 per gallon.

Positive

• Load factors improved to 68.7%, with peak days at approximately 80%.
• Average daily bookings exceeded 2019 levels since March.

Negative

• Passenger numbers down 18% compared to May 2019.
• Scheduled service revenue expected to decline by 6-10% compared to Q2 2019.

LAS VEGAS, June 15, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2021.

"We have been pleased to see leisure demand recovery persist throughout May and into early June," stated Drew Wells, senior vice president, revenue. "Average daily bookings since the beginning of March have continued to exceed 2019 levels. May saw a nearly five-point increase in load factor when compared with April, and peak Memorial Day travel days saw load factors of roughly 80 percent. We anticipate June loads will be in excess of 75 percent on year-over-two-year capacity increases of roughly 15 percent. We continue to expect second quarter scheduled service revenue, excluding fixed fee and other revenue, to be down six to ten percent when compared with the second quarter of 2019."

Scheduled Service – Year Over Two-Year Comparison
	May 2021	May 2019	Change
Passengers	1,040,590	1,269,429	(18.0%)
Revenue passenger miles (000)	888,735	1,093,781	(18.7%)
Available seat miles (000)	1,293,704	1,308,911	(1.2%)
Load factor	68.7%	83.6%	(14.9pts)
Departures	8,939	9,086	(1.6%)
Average stage length (miles)	834	843	(1.1%)

 

Total System* - Year Over Two-Year Comparison
	May 2021	May 2019	Change
Passengers	1,046,813	1,281,742	(18.3%)
Available seat miles (000)	1,326,062	1,357,963	(2.3%)
Departures	9,202	9,416	(2.3%)
Average stage length (miles)	831	844	(1.5%)

 

Scheduled Service – Year Over Year Comparison
	May 2021	May 2020	Change
Passengers	1,040,590	362,528	187.0%
Revenue passenger miles (000)	888,735	326,748	172.0%
Available seat miles (000)	1,293,704	690,624	87.3%
Load factor	68.7%	47.3%	21.4pts
Departures	8,939	4,654	92.1%
Average stage length (miles)	834	856	(2.6%)

 

Total System* - Year Over Year Comparison
	May 2021	May 2020	Change
Passengers	1,046,813	365,519	186.4%
Available seat miles (000)	1,326,062	710,712	86.6%
Departures	9,202	4,795	91.9%
Average stage length (miles)	831	855	(2.8%)

*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
May 2021 estimated average fuel cost per gallon – system	$2.02

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 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:
Hilarie Grey		Sherry Wilson
email: mediarelations@allegiantair.com		email: ir@allegiantair.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/allegiant-reports-may-2021-traffic-301313030.html

SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger numbers for May 2021?

Allegiant reported 1,040,590 scheduled service passengers for May 2021.

How does the May 2021 load factor compare to previous years?

The load factor for May 2021 was 68.7%, a decrease of 14.9 percentage points from May 2019.

What is the expected revenue change for Allegiant in Q2 2021?

Allegiant expects scheduled service revenue to decline by 6-10% compared to Q2 2019.

What is the estimated average fuel cost for Allegiant in May 2021?

The estimated average fuel cost per gallon for May 2021 was $2.02.

How did Allegiant's traffic in May 2021 compare to May 2020?

Allegiant's traffic in May 2021 increased by 187% compared to May 2020.