Allegiant Reports October 2021 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported its preliminary passenger traffic results for October 2021. The company served 1,163,152 passengers, a 5.1% increase from October 2019. Revenue passenger miles rose by 7.4% to 1,014,278 thousand. Available seat miles were up 19.6% at 1,358,612 thousand. Load factor dropped to 74.7%, down 8.4 points from 2019. Compared to October 2020, passenger traffic surged by 50.4%. Estimated average fuel cost was $2.52 per gallon.

Positive

• 5.1% increase in passengers compared to October 2019.
• 7.4% increase in revenue passenger miles compared to October 2019.
• 19.6% increase in available seat miles compared to October 2019.
• Passenger traffic surged by 50.4% compared to October 2020.

Negative

• Load factor decreased to 74.7%, down 8.4 points compared to 2019.

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2021.

Scheduled Service – Year Over Two-Year Comparison
	October 2021	October 2019	Change
Passengers	1,163,152	1,106,576	5.1%
Revenue passenger miles (000)	1,014,278	944,538	7.4%
Available seat miles (000)	1,358,612	1,136,093	19.6%
Load factor	74.7%	83.1%	(8.4 pts)
Departures	9,094	7,929	14.7%
Average stage length (miles)	849	838	1.3%

 

Total System* - Year Over Two-Year Comparison
	October 2021	October 2019	Change
Passengers	1,192,133	1,138,029	4.8%
Available seat miles (000)	1,424,053	1,219,562	16.8%
Departures	9,680	8,607	12.5%
Average stage length (miles)	835	828	0.8%

 

Scheduled Service – Year Over Year Comparison
	October 2021	October 2020	Change
Passengers	1,163,152	773,275	50.4%
Revenue passenger miles (000)	1,014,278	671,025	51.2%
Available seat miles (000)	1,358,612	1,063,369	27.8%
Load factor	74.7%	63.1%	11.6pts
Departures	9,094	7,178	26.7%
Average stage length (miles)	849	852	(0.4%)

 

Total System* - Year Over Year Comparison
	October 2021	October 2020	Change
Passengers	1,192,133	787,284	51.4%
Available seat miles (000)	1,424,053	1,102,335	29.2%
Departures	9,680	7,517	28.8%
Average stage length (miles)	835	843	(0.9%)

*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 2021 estimated average fuel cost per gallon – system	$2.52

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 October 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 is Allegiant Travel Company's passenger traffic for October 2021?

Allegiant Travel Company reported 1,163,152 passengers for October 2021.

How does October 2021 traffic compare to October 2019 for ALGT?

In October 2021, Allegiant saw a 5.1% increase in passengers compared to October 2019.

What was the revenue passenger miles for Allegiant in October 2021?

The revenue passenger miles for Allegiant in October 2021 was 1,014,278 thousand.

What was Allegiant's load factor in October 2021?

Allegiant's load factor in October 2021 dropped to 74.7%, down 8.4 points from October 2019.

What was the estimated average fuel cost per gallon for Allegiant in October 2021?

The estimated average fuel cost for Allegiant in October 2021 was $2.52 per gallon.