LAS
VEGAS, Nov. 15, 2024 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for October
2024.
"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
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 2024 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 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
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: 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
|
|
mediarelations@allegiantair.com
|
|
ir@allegiantair.com
|
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SOURCE Allegiant Travel Company