LAS VEGAS, March 9, 2021 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for February
2021.
"Over the last month, we have been pleased to see a moderate
increase in travel demand," stated Drew
Wells, senior vice president, revenue. "We met the increase
in demand with increased supply, with February ASMs up roughly 6
percent from February of 2019, focusing on total revenue and
profitability rather than unit metrics like load factor. We expect
first quarter total revenue to be down between 35 and 40 percent on
a year over two-year basis, a significant improvement over the
fourth quarter. First quarter capacity is expected to be up between
2.0 and 4.5 percent, when compared to the first quarter of 2019,
but we will continue to refine as dictated by demand."
Scheduled Service
|
February
2021
|
February
2020
|
Change
|
Passengers
|
679,906
|
1,200,606
|
(43.4%)
|
Revenue passenger
miles (000)
|
636,119
|
1,120,943
|
(43.3%)
|
Available seat miles
(000)
|
1,203,720
|
1,370,619
|
(12.2%)
|
Load
factor
|
52.8%
|
81.8%
|
(29.0pts)
|
Departures
|
7,630
|
8,784
|
(13.1%)
|
Average stage length
(miles)
|
907
|
902
|
0.6%
|
Total System*
|
February
2021
|
February
2020
|
Change
|
Passengers
|
680,930
|
1,207,325
|
(43.6%)
|
Available seat miles
(000)
|
1,223,407
|
1,405,458
|
(13.0%)
|
Departures
|
7,783
|
9,059
|
(14.1%)
|
Average stage length
(miles)
|
904
|
898
|
0.7%
|
*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
|
February 2021
estimated average fuel cost per gallon – system
|
$1.83
|
|
|
|
|
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
all-Airbus 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:
Hilarie Grey
email: mediarelations@allegiantair.com
Investor Inquiries:
Sherry Wilson
email: ir@allegiantair.com
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SOURCE Allegiant Travel Company