Allegiant Reports October 2024 Traffic
Allegiant Travel Company (ALGT) reported significant traffic decline in October 2024 due to hurricanes Helene and Milton. Nearly 1,000 flights were canceled between late September and early January, with about two-thirds occurring in October. The company saw a 17% decrease in passengers to 1,168,344, while revenue passenger miles dropped 15.7%. Load factor decreased by 5.2 points to 78.5%. The system-wide available seat miles declined 9.2%, with departures down 9.9%. The estimated average fuel cost was $2.52 per gallon. However, post-election booking trends indicate a faster-than-expected recovery in affected areas.
Allegiant Travel Company (ALGT) ha riportato un significativo calo del traffico nell'ottobre 2024 a causa degli uragani Helene e Milton. Quasi 1.000 voli sono stati cancellati tra la fine di settembre e l'inizio di gennaio, con circa due terzi delle cancellazioni avvenute ad ottobre. L'azienda ha registrato un decremento del 17% nel numero di passeggeri, scendendo a 1.168.344, mentre le miglia passeggero-revenue sono diminuite del 15,7%. Il fattore di carico è calato di 5,2 punti, attestandosi al 78,5%. Le miglia disponibili a sistema sono diminuite del 9,2%, con le partenze in calo del 9,9%. Il costo medio stimato del carburante era di $2,52 per gallone. Tuttavia, le tendenze di prenotazione post-elettorale indicano una ripresa più rapida del previsto nelle aree colpite.
Allegiant Travel Company (ALGT) informó de un notable descenso en el tráfico en octubre de 2024 debido a los huracanes Helene y Milton. Se cancelaron cerca de 1.000 vuelos entre finales de septiembre y principios de enero, con aproximadamente dos tercios de estas cancelaciones ocurriendo en octubre. La compañía registró una disminución del 17% en el número de pasajeros, alcanzando los 1.168.344, mientras que las millas de pasajeros-revenue cayeron un 15,7%. El factor de ocupación disminuyó 5,2 puntos, quedando en un 78,5%. Las millas de asientos disponibles en todo el sistema disminuyeron un 9,2%, con las salidas bajando un 9,9%. El costo promedio estimado del combustible fue de $2,52 por galón. Sin embargo, las tendencias de reserva posteriores a las elecciones indican una recuperación más rápida de lo esperado en las áreas afectadas.
알리지언트 여행 회사 (ALGT)는 2024년 10월에 헬렌과 밀턴 허리케인으로 인해 차량 교통량이 크게 감소했다고 보고했습니다. 9월 말부터 1월 초까지 거의 1,000편의 항공편이 취소되었으며, 그 중 약 3분의 2가 10월에 발생했습니다. 이 회사는 승객 수가 17% 감소하여 1,168,344명에 달하며, 수익 승객 마일도 15.7% 감소했습니다. 적재율은 5.2포인트 줄어들어 78.5%에 이릅니다. 전체 시스템의 가용 좌석 마일은 9.2% 감소했으며, 출발편은 9.9% 줄어들었습니다. 예상 평균 연료비는 갤런당 2.52달러였습니다. 그러나 선거 후 예약 경향은 영향을 받은 지역에서 예상보다 빠른 회복세를 나타냅니다.
Allegiant Travel Company (ALGT) a signalé une baisse significative du trafic en octobre 2024 en raison des ouragans Helene et Milton. Près de 1 000 vols ont été annulés entre fin septembre et début janvier, avec environ deux tiers des annulations ayant eu lieu en octobre. L'entreprise a constaté une baisse de 17% du nombre de passagers, atteignant 1 168 344, tandis que les miles-passagers-revenus ont chuté de 15,7%. Le coefficient de remplissage a diminué de 5,2 points pour atteindre 78,5%. Les miles de sièges disponibles à l'échelle du système ont diminué de 9,2%, avec une baisse des départs de 9,9%. Le coût moyen estimé du carburant était de 2,52 $ par gallon. Cependant, les tendances de réservation post-électorales indiquent une reprise plus rapide que prévu dans les zones touchées.
Allegiant Travel Company (ALGT) berichtete über einen signifikanten Rückgang des Verkehrs im Oktober 2024 aufgrund der Hurrikans Helene und Milton. Fast 1.000 Flüge wurden zwischen Ende September und Anfang Januar abgesagt, wobei etwa zwei Drittel der Absagen im Oktober stattfanden. Das Unternehmen verzeichnete einen Rückgang der Passagiere um 17% auf 1.168.344, während die Einnahme-Passagiermeilen um 15,7% zurückgingen. Der Auslastungsfaktor sank um 5,2 Punkte auf 78,5%. Die im System verfügbaren Sitz-Meilen fielen um 9,2%, die Abflüge gingen um 9,9% zurück. Die geschätzten durchschnittlichen Kraftstoffkosten lagen bei 2,52 USD pro Gallone. Nach den Wahlen zeigen die Buchungstrends jedoch eine schnellere als erwartete Erholung in den betroffenen Gebieten.
- Post-election booking trends showing faster-than-expected recovery in affected areas
- Slight increase in average stage length by 1.6% for scheduled service
- 17% decrease in passenger traffic to 1,168,344
- 15.7% decline in revenue passenger miles
- Load factor decreased by 5.2 points to 78.5%
- 10.7% reduction in departures
- Nearly 1,000 flight cancellations due to hurricanes
Insights
The October traffic report reveals significant operational challenges for Allegiant, with notable declines across key metrics. The
The hurricane-induced cancellation of nearly 1,000 flights represents a material impact on Q4 performance. However, the post-election booking trends showing faster recovery in affected areas provide some optimism. The average fuel cost of
"As observed below and consistent with commentary from our third quarter earnings call, hurricanes Helene and Milton had an outsized impact on our business," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company. "We canceled nearly 1,000 flights between late September and early January, with approximately two-thirds of those cancelations occurring during the month of October. We are encouraged by booking trends following the election, which suggest a faster-than-expected recovery for the impacted areas. We will continue monitoring these trends with the intent of updating guidance, as needed."
Scheduled Service – Year Over Year Comparison | |||
October 2024 | October 2023 | Change | |
Passengers | 1,168,344 | 1,407,936 | (17.0 %) |
Revenue passenger miles (000) | 1,059,877 | 1,257,473 | (15.7 %) |
Available seat miles (000) | 1,349,511 | 1,502,611 | (10.2 %) |
Load factor | 78.5 % | 83.7 % | (5.2pts) |
Departures | 8,679 | 9,716 | (10.7 %) |
Average stage length (miles) | 887 | 873 | 1.6 % |
Total System* – Year Over Year Comparison | |||
October 2024 | October 2023 | Change | |
Passengers | 1,197,186 | 1,442,874 | (17.0 %) |
Available seat miles (000) | 1,428,955 | 1,573,859 | (9.2 %) |
Departures | 9,311 | 10,336 | (9.9 %) |
Average stage length (miles) | 875 | 859 | 1.8 % |
*Total system includes scheduled service and fixed fee contract. System revenue passenger miles and system load |
Preliminary Financial Results | |
$ per gallon | |
October 2024 estimated average fuel cost per gallon - system | |
Allegiant Travel Company
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: 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 | |
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SOURCE Allegiant Travel Company
FAQ
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