ALLEGIANT REPORTS OCTOBER 2022 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) reported preliminary passenger traffic results for October 2022, indicating a robust performance. The airline transported 1,249,206 passengers, which represents a 12.9% increase compared to October 2019. Revenue passenger miles rose by 20.3% to 1,135,972. Notably, the load factor improved to 85.5%, up by 2.4 percentage points. Despite a 2.2% decrease in available seat miles compared to last year, the airline remains optimistic about future operations.

Positive

• 1,249,206 passengers in October 2022, a 12.9% increase from October 2019.
• 20.3% increase in revenue passenger miles to 1,135,972.
• Load factor increased to 85.5%, up 2.4 percentage points.

Negative

• Available seat miles decreased by 2.2% year-over-year.

LAS VEGAS, Nov. 18, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2022.

 

Scheduled Service – Year Over Three-Year Comparison
	October 2022	October 2019	Change
Passengers	1,249,206	1,106,576	12.9 %
Revenue passenger miles (000)	1,135,972	944,538	20.3 %
Available seat miles (000)	1,328,730	1,136,093	17.0 %
Load factor	85.5 %	83.1 %	2.4 pts
Departures	8,482	7,929	7.0 %
Average stage length (miles)	885	838	5.6 %

 

Total System* - Year Over Three-Year Comparison
	October 2022	October 2019		Change
Passengers	1,279,398	1,138,029		12.4 %
Available seat miles (000)	1,389,326	1,219,562		13.9 %
Departures	9,033	8,607		4.9 %
Average stage length (miles)	869	828		5.0 %

 

Scheduled Service – Year Over Year Comparison
	October 2022	October 2021	Change
Passengers	1,249,206	1,163,152	7.4 %
Revenue passenger miles (000)	1,135,972	1,014,278	12.0 %
Available seat miles (000)	1,328,730	1,358,612	(2.2 %)
Load factor	85.5 %	74.7 %	10.8 pts
Departures	8,482	9,094	(6.7 %)
Average stage length (miles)	885	849	4.2 %

 

Total System* - Year Over Year Comparison
	October 2022	October 2021	Change
Passengers	1,279,398	1,192,133	7.3 %
Available seat miles (000)	1,389,326	1,424,053	(2.4 %)
Departures	9,033	9,680	(6.7 %)
Average stage length (miles)	869	835	4.1 %

*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 2022 estimated average fuel cost per gallon – system	$3.91

 

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-october-2022-traffic-301682564.html

SOURCE Allegiant Travel Company

FAQ

What were Allegiant's passenger traffic results for October 2022?

Allegiant reported 1,249,206 passengers for October 2022, a 12.9% increase from October 2019.

How did revenue passenger miles change for Allegiant in October 2022?

Revenue passenger miles increased by 20.3% to 1,135,972 in October 2022.

What was the load factor for Allegiant in October 2022?

Allegiant's load factor improved to 85.5%, an increase of 2.4 percentage points.

Did Allegiant's available seat miles increase or decrease in October 2022?

Available seat miles decreased by 2.2% year-over-year in October 2022.