LAS VEGAS, April 9, 2021 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for March
2021 as well as first quarter 2021.
"We are encouraged by the meaningful improvement in customer
demand throughout the month of March," stated Gregory Anderson, executive vice president and
chief financial officer. "Average daily bookings for the month
exceeded average daily bookings during the same time period in
2019. The significant improvement in March demand coupled with our
industry-leading cost structure enabled us to generate positive EPS
and EBITDA for the month of March, excluding the benefit from the
payroll support grant. For the March quarter, we expect
adjusted1 CASM, excluding fuel, to be down 3 to 4
percent, year over two-year."
"Capacity was up roughly three percent, when compared to 2019,
with March capacity up 14 percent," stated Drew Wells, senior vice president, revenue.
"Although this caused some load pressure, our focus remains on
generating positive cash flows and optimizing profits. We continue
to expect first quarter total revenue to fall in the middle of our
previous guide of down 35 to 40 percent, when compared with 2019.
We remain optimistic about peak summer travel. With national
vaccination rates steadily increasing and average daily bookings
trending in the right direction, we expect sequential revenue
improvements into the second quarter."
1 Adjusted to exclude the impact of the payroll
support grant.
Scheduled Service
– Year Over Two-Year Comparison
|
|
|
March 2021
|
March 2019
|
Change
|
Passengers
|
1,095,572
|
1,484,326
|
(26.2%)
|
Revenue passenger
miles (000)
|
1,022,480
|
1,386,501
|
(26.3%)
|
Available seat miles
(000)
|
1,832,250
|
1,610,575
|
13.8%
|
Load
factor
|
55.8%
|
86.1%
|
(30.3
pts)
|
Departures
|
11,710
|
10,297
|
13.7%
|
Average stage length
(miles)
|
899
|
914
|
(1.6%)
|
|
|
|
|
|
1st
Quarter 2021
|
1st
Quarter 2019
|
Change
|
Passengers
|
2,323,302
|
3,421,538
|
(32.1%)
|
Revenue passenger
miles (000)
|
2,166,417
|
3,191,045
|
(32.1%)
|
Available seat miles
(000)
|
3,921,090
|
3,802,132
|
3.1%
|
Load
factor
|
55.3%
|
83.9%
|
(28.6pts)
|
Departures
|
24,947
|
24,344
|
2.5%
|
Average stage length
(miles)
|
902
|
908
|
(0.7%)
|
Total System* -
Year Over Two-Year Comparison
|
|
|
March 2021
|
March 2019
|
Change
|
Passengers
|
1,102,869
|
1,499,688
|
(26.5%)
|
Available seat miles
(000)
|
1,884,130
|
1,655,330
|
13.8%
|
Departures
|
12,144
|
10,660
|
13.9%
|
Average stage length
(miles)
|
892
|
908
|
(1.8%)
|
|
1st
Quarter 2021
|
1st
Quarter 2019
|
Change
|
Passengers
|
2,334,503
|
3,450,278
|
(32.3%)
|
Available seat miles
(000)
|
4,013,989
|
3,910,239
|
2.7%
|
Departures
|
25,684
|
25,200
|
1.9%
|
Average stage length
(miles)
|
898
|
904
|
(0.7%)
|
Scheduled Service
– Year Over Year Comparison
|
|
|
March 2021
|
March 2020
|
Change
|
Passengers
|
1,095,572
|
892,966
|
22.7%
|
Revenue passenger
miles (000)
|
1,022,480
|
839,766
|
21.8%
|
Available seat miles
(000)
|
1,832,250
|
1,413,348
|
29.6%
|
Load
factor
|
55.8%
|
59.4%
|
(3.6
pts)
|
Departures
|
11,710
|
8,926
|
31.2%
|
Average stage length
(miles)
|
899
|
914
|
(1.6%)
|
|
|
|
|
|
1st
Quarter 2021
|
1st
Quarter 2020
|
Change
|
Passengers
|
2,323,302
|
3,154,606
|
(26.4%)
|
Revenue passenger
miles (000)
|
2,166,417
|
2,925,482
|
(25.9%)
|
Available seat miles
(000)
|
3,921,090
|
3,964,009
|
(1.1%)
|
Load
factor
|
55.3%
|
73.8%
|
(18.5pts)
|
Departures
|
24,947
|
25,484
|
(2.1%)
|
Average stage length
(miles)
|
902
|
900
|
0.2%
|
Total System* -
Year Over Year Comparison
|
|
|
March 2021
|
March 2020
|
Change
|
Passengers
|
1,102,869
|
898,986
|
22.7%
|
Available seat miles
(000)
|
1,884,130
|
1,441,144
|
30.7%
|
Departures
|
12,144
|
9,172
|
32.4%
|
Average stage length
(miles)
|
892
|
908
|
(1.8%)
|
|
1st
Quarter 2021
|
1st
Quarter 2020
|
Change
|
Passengers
|
2,334,503
|
3,175,450
|
(26.5%)
|
Available seat miles
(000)
|
4,013,989
|
4,067,671
|
(1.3%)
|
Departures
|
25,684
|
26,312
|
(2.4%)
|
Average stage length
(miles)
|
898
|
895
|
0.3%
|
*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
|
March 2021 estimated
average fuel cost per gallon – system
|
$1.99
|
|
|
|
$ per
gallon
|
1st quarter 2021
estimated average fuel cost per gallon – system
|
$1.86
|
|
|
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:
|
|
Investor
Inquiries:
|
Hilarie
Grey
|
|
Sherry
Wilson
|
email:
mediarelations@allegiantair.com
|
|
email:
ir@allegiantair.com
|
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SOURCE Allegiant Travel Company