ALLEGIANT REPORTS SEPTEMBER 2023 TRAFFIC

Rhea-AI Summary

Allegiant Travel Company reports a decline in passenger traffic for September 2023 and the third quarter of 2023 compared to the same periods in 2022. However, the company saw an increase in available seat miles for both periods. The average stage length remained relatively stable. The estimated average fuel cost per gallon also increased for September 2023 compared to the third quarter of 2023.

Positive

• Allegiant Travel Company experienced a 1.6% decline in passengers for September 2023 compared to September 2022. The available seat miles increased by 3.4% for the same period. The average stage length remained relatively stable. The estimated average fuel cost per gallon for September 2023 was $3.53, indicating a potential increase in expenses.

Negative

• Allegiant Travel Company saw a decline in passenger traffic of 1.9% for the third quarter of 2023 compared to the same period in 2022. The revenue passenger miles also decreased by 2.0%. The load factor decreased by 1.0 percentage point. The estimated average fuel cost per gallon for the third quarter of 2023 was $3.09, potentially impacting the company's profitability.

LAS VEGAS, Oct. 26, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2023 as well as third quarter 2023.

Scheduled Service – Year Over Year Comparison
	September 2023	September 2022	Change
Passengers	988,981	1,005,535	(1.6 %)
Revenue passenger miles (000)	868,742	884,285	(1.8 %)
Available seat miles (000)	1,049,538	1,014,779	3.4 %
Load factor	82.8 %	87.1 %	(4.3) pts
Departures	6,949	6,768	2.7 %
Average stage length (miles)	855	851	0.5 %
	3rd Quarter 2023	3rd Quarter 2022	Change
Passengers	4,234,196	4,316,163	(1.9 %)
Revenue passenger miles (000)	3,744,225	3,820,339	(2.0 %)
Available seat miles (000)	4,280,034	4,315,984	(0.8 %)
Load factor	87.5 %	88.5 %	(1.0) pts
Departures	28,040	28,436	(1.4 %)
Average stage length (miles)	864	860	0.5 %

 

Total System* - Year Over Year Comparison
	September 2023	September 2022	Change
Passengers	1,027,410	1,031,908	(0.4 %)
Available seat miles (000)	1,124,038	1,079,809	4.1 %
Departures	7,581	7,287	4.0 %
Average stage length (miles)	839	840	(0.1 %)
	3rd Quarter 2023	3rd Quarter 2022	Change
Passengers	4,292,031	4,359,417	(1.5 %)
Available seat miles (000)	4,433,767	4,450,595	(0.4 %)
Departures	29,251	29,432	(0.6 %)
Average stage length (miles)	858	857	0.1 %

*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
	September 2023 estimated average fuel cost per gallon – system	$3.53
3rd Quarter 2023 estimated average fuel cost per gallon – system		$3.09

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 was the change in passengers for September 2023 compared to September 2022?

Passengers for September 2023 declined by 1.6% compared to September 2022.

How did the available seat miles change for September 2023?

The available seat miles increased by 3.4% for September 2023 compared to the previous year.

What was the average stage length for September 2023?

The average stage length remained relatively stable for September 2023.

What was the estimated average fuel cost per gallon for September 2023?

The estimated average fuel cost per gallon for September 2023 was $3.53.

What was the change in passengers for the third quarter of 2023 compared to the same period in 2022?

Passengers for the third quarter of 2023 declined by 1.9% compared to the same period in 2022.

How did the load factor change for the third quarter of 2023?

The load factor decreased by 1.0 percentage point for the third quarter of 2023.

What was the estimated average fuel cost per gallon for the third quarter of 2023?

The estimated average fuel cost per gallon for the third quarter of 2023 was $3.09.