ALLEGIANT REPORTS NOVEMBER 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) announced preliminary passenger traffic results for November 2022. The company reported 1,193,686 passengers, an increase of 8.4% compared to November 2019. Revenue passenger miles rose 13.7% to 1,094,020 while available seat miles increased by 6.2% to 1,272,381. The load factor also improved to 86.0%, up 5.6 points from the same period in 2019. However, departures decreased by 1.3%. The estimated average fuel cost per gallon was $3.71 for November 2022.

Positive

• Passenger traffic increased by 8.4% compared to November 2019.
• Revenue passenger miles rose by 13.7% year-over-three-year.
• Load factor improved to 86.0%, an increase of 5.6 points from November 2019.

Negative

• Departures decreased by 1.3% compared to November 2019.
• Available seat miles showed a smaller increase of only 6.2%.

LAS VEGAS, Dec. 20, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2022.

Scheduled Service – Year Over Three-Year Comparison
	November 2022	November 2019	Change
Passengers	1,193,686	1,101,346	8.4 %
Revenue passenger miles (000)	1,094,020	962,614	13.7 %
Available seat miles (000)	1,272,381	1,197,831	6.2 %
Load factor	86.0 %	80.4 %	5.6 pts
Departures	8,085	8,189	(1.3 %)
Average stage length (miles)	891	857	4.0 %
Total System* - Year Over Three-Year Comparison
	November 2022	November 2019	Change
Passengers	1,221,545	1,129,065	8.2 %
Available seat miles (000)	1,342,100	1,255,381	6.9 %
Departures	8,680	8,739	(0.7 %)
Average stage length (miles)	875	841	4.0 %
Scheduled Service – Year Over Year Comparison
	November 2022	November 2021	Change
Passengers	1,193,686	1,187,477	0.5 %
Revenue passenger miles (000)	1,094,020	1,066,154	2.6 %
Available seat miles (000)	1,272,381	1,373,420	(7.4 %)
Load factor	86.0 %	77.6 %	8.4 pts
Departures	8,085	8,923	(9.4 %)
Average stage length (miles)	891	876	1.7 %
Total System* - Year Over Year Comparison
	November 2022	November 2021	Change
Passengers	1,221,545	1,211,017	0.9 %
Available seat miles (000)	1,342,100	1,430,727	(6.2 %)
Departures	8,680	9,448	(8.1 %)
Average stage length (miles)	875	862	1.5 %

*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
November 2022 estimated average fuel cost per gallon – system	$3.71

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

 

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SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger numbers for November 2022?

Allegiant reported 1,193,686 passengers for November 2022.

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

The load factor improved to 86.0%, up 5.6 points from November 2019.

What was Allegiant's estimated fuel cost per gallon in November 2022?

The estimated average fuel cost per gallon for Allegiant in November 2022 was $3.71.

How many departures did Allegiant have in November 2022?

Allegiant had 8,085 departures in November 2022, a decrease of 1.3% compared to November 2019.