LAS
VEGAS, July 25, 2022 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for June
2022 as well as second quarter 2022.
"Total revenue for the second quarter was roughly $629 million, up 28 percent from 2019," stated
Drew Wells, senior vice president,
revenue. "Demand strength persisted throughout the quarter
resulting in TRASM increases of over 15 percent, year over
three-year, on capacity growth in excess of 13 percent, when
compared with 2019. The month of June was particularly strong with
TRASM up roughly 20 percent for the month, year over three-year.
July TRASM is currently trending in-line with June yielding similar
year over three-year percentage increases. In addition, we expect
July's load factor to come in slightly higher than June's result of
90 percent."
"Second quarter CASM, excluding fuel and 2022 employee
recognition bonus, was up 14 percent year over three-year, in-line
with our prior guidance," stated Gregory
Anderson, executive vice president, chief financial officer.
"Our fuel cost per gallon was $4.32,
slightly above our previous guidance. This increase in fuel price
coupled with a slight reduction in fuel efficiency from the first
quarter, attributable to a more than eight-point increase in load
factor, resulted in roughly $9
million in incremental fuel expense for the quarter. Based
on the above results, we expect an earnings per share, excluding
2022 employee recognition bonus, of roughly $0.62 for the second quarter."
Scheduled Service –
Year Over Three-Year Comparison
|
|
|
|
|
|
June 2022
|
June 2019
|
Change
|
Passengers
|
1,740,643
|
1,594,128
|
9.2 %
|
Revenue passenger miles
(000)
|
1,555,121
|
1,355,240
|
14.7 %
|
Available seat miles
(000)
|
1,729,925
|
1,576,993
|
9.7 %
|
Load factor
|
89.9 %
|
85.9 %
|
4.0
pts
|
Departures
|
11,274
|
11,176
|
0.9 %
|
Average stage length
(miles)
|
870
|
828
|
5.1 %
|
|
|
|
|
|
2nd Quarter
2022
|
2nd Quarter
2019
|
Change
|
Passengers
|
4,711,001
|
4,131,855
|
14.0 %
|
Revenue passenger miles
(000)
|
4,267,828
|
3,603,076
|
18.4 %
|
Available seat miles
(000)
|
4,888,539
|
4,311,182
|
13.4 %
|
Load factor
|
87.3 %
|
83.6 %
|
3.7
pts
|
Departures
|
31,402
|
29,567
|
6.2 %
|
Average stage length
(miles)
|
883
|
853
|
3.5 %
|
Total System* - Year
Over Three-Year Comparison
|
|
|
|
|
|
June 2022
|
June 2019
|
Change
|
Passengers
|
1,748,655
|
1,606,651
|
8.8 %
|
Available seat miles
(000)
|
1,759,467
|
1,618,098
|
8.7 %
|
Departures
|
11,484
|
11,478
|
0.1 %
|
Average stage length
(miles)
|
869
|
827
|
5.1 %
|
|
|
|
|
|
2nd Quarter
2022
|
2nd Quarter
2019
|
Change
|
Passengers
|
4,740,399
|
4,169,536
|
13.7 %
|
Available seat miles
(000)
|
4,990,086
|
4,447,066
|
12.2 %
|
Departures
|
32,138
|
30,547
|
5.2 %
|
Average stage length
(miles)
|
881
|
853
|
3.3 %
|
|
|
|
|
Scheduled Service – Year Over Year
Comparison
|
|
|
|
|
|
June 2022
|
June 2021
|
Change
|
Passengers
|
1,740,643
|
1,630,204
|
6.8 %
|
Revenue passenger miles
(000)
|
1,555,121
|
1,395,232
|
11.5 %
|
Available seat miles
(000)
|
1,729,925
|
1,794,848
|
(3.6 %)
|
Load factor
|
89.9 %
|
77.7 %
|
12.2
pts
|
Departures
|
11,274
|
12,416
|
(9.2 %)
|
Average stage length
(miles)
|
870
|
828
|
5.1 %
|
|
|
|
|
|
2nd Quarter
2022
|
2nd Quarter
2021
|
Change
|
Passengers
|
4,711,001
|
3,680,254
|
28.0 %
|
Revenue passenger miles
(000)
|
4,267,828
|
3,188,215
|
33.9 %
|
Available seat miles
(000)
|
4,888,539
|
4,505,786
|
8.5 %
|
Load factor
|
87.3 %
|
70.8 %
|
16.5
pts
|
Departures
|
31,402
|
30,763
|
2.1 %
|
Average stage length
(miles)
|
883
|
842
|
4.9 %
|
Total System* - Year
Over Year Comparison
|
|
|
|
|
|
June 2022
|
June 2021
|
Change
|
Passengers
|
1,748,655
|
1,635,716
|
6.9 %
|
Available seat miles
(000)
|
1,759,467
|
1,821,104
|
(3.4 %)
|
Departures
|
11,484
|
12,642
|
(9.2 %)
|
Average stage length
(miles)
|
869
|
825
|
5.3 %
|
|
|
|
|
|
2nd Quarter
2022
|
2nd Quarter
2021
|
Change
|
Passengers
|
4,740,399
|
3,699,217
|
28.1 %
|
Available seat miles
(000)
|
4,990,086
|
4,594,542
|
8.6 %
|
Departures
|
32,138
|
31,507
|
2.0 %
|
Average stage length
(miles)
|
881
|
838
|
5.1 %
|
*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
|
June 2022 estimated
average fuel cost per gallon – system
|
$4.40
|
|
|
|
$ per gallon
|
2nd quarter
2022 estimated average fuel cost per gallon – system
|
$4.32
|
|
|
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:
|
Sonya
Padgett
|
|
Sherry
Wilson
|
email:
mediarelations@allegiantair.com
|
|
email:
ir@allegiantair.com
|
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SOURCE Allegiant Travel Company