ALLEGIANT REPORTS MAY 2024 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) announced preliminary passenger traffic results for May 2024. During May 2024, the company recorded a slight 0.7% increase in scheduled service passengers compared to May 2023, reaching 1,414,692 passengers. Revenue passenger miles decreased by 0.6% to 1,263,087, while available seat miles increased by 0.7% to 1,489,477. The load factor decreased by 1.1 points to 84.8%. Departures rose by 1.3% to 9,615, though the average stage length saw a minor reduction to 882 miles.

In total system metrics, which include scheduled service and fixed fee contract, passengers increased by 0.8% to 1,428,599, and available seat miles rose by 0.7% to 1,538,208. Departures increased by 1.5% to 9,976, while the average stage length dropped slightly to 877 miles. The estimated average fuel cost per gallon for May 2024 was $2.81.

Allegiant, based in Las Vegas, connects travelers from smaller cities to major vacation destinations with low-cost, nonstop flights.

Positive

• None.

Negative

• Revenue passenger miles decreased by 0.6% year over year.
• Load factor dropped by 1.1 percentage points.
• Average stage length reduced by 0.2 miles.
• Revenue passenger miles and system load factor are not very useful due to non-revenue producing flights.

LAS VEGAS, June 28, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2024.

Scheduled Service – Year Over Year Comparison

	May 2024	May 2023	Change
Passengers	1,414,692	1,405,428	0.7 %
Revenue passenger miles (000)	1,263,087	1,270,338	(0.6 %)
Available seat miles (000)	1,489,477	1,478,396	0.7 %
Load factor	84.8 %	85.9 %	(1.1) pts
Departures	9,615	9,489	1.3 %
Average stage length (miles)	882	884	(0.2 %)

Total System* - Year Over Year Comparison

	May 2024	May 2023	Change
Passengers	1,428,599	1,417,520	0.8 %
Available seat miles (000)	1,538,208	1,527,737	0.7 %
Departures	9,976	9,828	1.5 %
Average stage length (miles)	877	881	(0.5 %)

*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 2024 estimated average fuel cost per gallon – system	$2.81

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 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: mediarelations@allegiantair.com		email: ir@allegiantair.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/allegiant-reports-may-2024-traffic-302185386.html

SOURCE Allegiant Travel Company

FAQ

How did Allegiant's passenger traffic change in May 2024?

Allegiant reported a 0.7% increase in scheduled service passengers in May 2024 compared to May 2023, reaching 1,414,692 passengers.

What was Allegiant's load factor in May 2024?

Allegiant's load factor in May 2024 was 84.8%, a decrease of 1.1 percentage points from May 2023.

What were Allegiant's revenue passenger miles in May 2024?

Allegiant's revenue passenger miles in May 2024 were 1,263,087, a 0.6% decrease from May 2023.

How did Allegiant's available seat miles change in May 2024?

Allegiant's available seat miles increased by 0.7% to 1,489,477 in May 2024 compared to May 2023.

What was the estimated average fuel cost per gallon for Allegiant in May 2024?

The estimated average fuel cost per gallon for Allegiant in May 2024 was $2.81.