Allegiant Reports October 2020 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported preliminary passenger traffic results for October 2020, indicating continued challenges due to the pandemic. The airline served 773,275 passengers, reflecting a 30.1% decrease from October 2019's 1,106,576. Revenue passenger miles fell 29.0% to 671,025, while available seat miles also decreased by 6.4%. The load factor dropped significantly, down to 63.1% from 83.1% a year earlier, representing a 20.0 percentage points decline. Departures were down 9.5%, and the average fuel cost was estimated at $1.29 per gallon.

Positive

• None.

Negative

• Passenger count decreased by 30.1% year-over-year.
• Revenue passenger miles fell by 29.0% compared to 2019.
• Available seat miles decreased by 6.4%.
• Load factor declined to 63.1%, down from 83.1%.

LAS VEGAS, Nov. 11, 2020 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2020.

Scheduled Service
	October 2020	October 2019	Change
Passengers	773,275	1,106,576	(30.1%)
Revenue passenger miles (000)	671,025	944,538	(29.0%)
Available seat miles (000)	1,063,369	1,136,093	(6.4%)
Load factor	63.1%	83.1%	(20.0pts)
Departures	7,178	7,929	(9.5%)
Average stage length (miles)	852	838	1.7%

 

Total System*
	October 2020	October 2019	Change
Passengers	787,284	1,138,029	(30.8%)
Available seat miles (000)	1,102,335	1,219,562	(9.6%)
Departures	7,517	8,607	(12.7%)
Average stage length (miles)	843	828	1.8%

*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
October 2020 estimated average fuel cost per gallon – system	$1.29

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 premier leisure experiences - from vacations to hometown family entertainment. 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

 

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SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger traffic results for October 2020?

Allegiant reported 773,275 passengers in October 2020, a 30.1% decrease from October 2019.

How did Allegiant's revenue passenger miles change in October 2020?

Revenue passenger miles fell by 29.0% to 671,025 in October 2020 compared to the previous year.

What was Allegiant's load factor for October 2020?

The load factor for October 2020 was 63.1%, down from 83.1% in October 2019.

What is the average fuel cost per gallon for Allegiant in October 2020?

The estimated average fuel cost per gallon for Allegiant in October 2020 was $1.29.