ALLEGIANT REPORTS OCTOBER 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company (ALGT) reported a 12.7% increase in passengers, 10.7% increase in revenue passenger miles, and 13.1% increase in available seat miles for October 2023 compared to October 2022.

LAS VEGAS, Nov. 22, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2023.

Scheduled Service – Year Over Year Comparison
	October 2023	October 2022	Change
Passengers	1,407,936	1,249,206	12.7 %
Revenue passenger miles (000)	1,257,473	1,135,972	10.7 %
Available seat miles (000)	1,502,611	1,328,730	13.1 %
Load factor	83.7 %	85.5 %	(1.8) pts
Departures	9,716	8,482	14.5 %
Average stage length (miles)	873	885	(1.4 %)

 

Total System* - Year Over Year Comparison
	October 2023	October 2022	Change
Passengers	1,442,874	1,279,398	12.8 %
Available seat miles (000)	1,573,859	1,389,326	13.3 %
Departures	10,336	9,033	14.4 %
Average stage length (miles)	859	869	(1.2 %)

*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 2023 estimated average fuel cost per gallon – system	$3.44

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 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 are the passenger traffic results for Allegiant Travel Company (ALGT) in October 2023?

Allegiant Travel Company (ALGT) reported a 12.7% increase in passengers, 10.7% increase in revenue passenger miles, and 13.1% increase in available seat miles for October 2023 compared to October 2022.

What is the average stage length for Allegiant Travel Company (ALGT) in October 2023?

The average stage length for Allegiant Travel Company (ALGT) in October 2023 was 873 miles for scheduled service and 859 miles for the total system.

What is the estimated average fuel cost per gallon for Allegiant Travel Company (ALGT) in October 2023?

The estimated average fuel cost per gallon for Allegiant Travel Company (ALGT) in October 2023 was $3.44.

Where can I find more information about Allegiant Travel Company (ALGT)?

You can find more information about Allegiant Travel Company (ALGT) on their investor website: http://ir.allegiantair.com