LAS VEGAS, Jan. 12, 2021 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for December
2020.
"As expected, the fourth quarter highlighted the divergence in
strength between peak travel periods and non-peak periods," stated
Drew Wells, vice president of
revenue. "Demand remained soft throughout much of December before
accelerating during the peak holiday travel period at the end of
the month. Load factors during the peak period came in at nearly 60
percent, which aided in completing the quarter with a load factor
of 58.2 percent, the best since the onset of the pandemic. Over the
last several weeks, we have been encouraged by favorable forward
booking trends as flight volumes begin to pick up mid-February and
into peak Spring Break travel. We remain cognizant that the
situation is fluid and will continue to manage capacity to meet the
changing demand environment."
Scheduled
Service
|
|
|
December
2020
|
December
2019
|
Change
|
Passengers
|
673,041
|
1,308,341
|
(48.6%)
|
Revenue passenger
miles (000)
|
611,429
|
1,165,902
|
(47.6%)
|
Available seat miles
(000)
|
1,128,200
|
1,411,107
|
(20.0%)
|
Load
factor
|
54.2%
|
82.6%
|
(28.4pts)
|
Departures
|
7,281
|
9,423
|
(22.7%)
|
Average stage length
(miles)
|
891
|
871
|
2.3%
|
|
|
|
|
|
4th
Quarter 2020
|
4th
Quarter 2019
|
Change
|
Passengers
|
2,129,292
|
3,516,263
|
(39.4%)
|
Revenue passenger
miles (000)
|
1,878,831
|
3,073,055
|
(38.9%)
|
Available seat miles
(000)
|
3,226,050
|
3,745,031
|
(13.9%)
|
Load
factor
|
58.2%
|
82.1%
|
(23.9
pts)
|
Departures
|
21,399
|
25,541
|
(16.2%)
|
Average stage length
(miles)
|
868
|
856
|
1.4%
|
|
|
|
|
|
|
YTD 2020
|
YTD 2019
|
Change
|
Passengers
|
8,553,623
|
14,823,267
|
(42.3%)
|
Revenue passenger
miles (000)
|
7,626,470
|
13,038,003
|
(41.5%)
|
Available seat miles
(000)
|
12,814,080
|
15,545,818
|
(17.6%)
|
Load
factor
|
59.5%
|
83.9%
|
(24.4
pts)
|
Departures
|
85,276
|
105,690
|
(19.3%)
|
Average stage length
(miles)
|
867
|
859
|
0.9%
|
Total
System*
|
|
|
December
2020
|
December
2019
|
Change
|
Passengers
|
679,424
|
1,318,872
|
(48.5%)
|
Available seat miles
(000)
|
1,147,534
|
1,453,592
|
(21.1%)
|
Departures
|
7,471
|
9,742
|
(23.3%)
|
Average stage length
(miles)
|
883
|
868
|
1.7%
|
|
|
|
|
|
4th
Quarter 2020
|
4th
Quarter 2019
|
Change
|
Passengers
|
2,159,035
|
3,585,966
|
(39.8%)
|
Available seat miles
(000)
|
3,315,599
|
3,928,536
|
(15.6%)
|
Departures
|
22,189
|
27,088
|
(18.1%)
|
Average stage length
(miles)
|
860
|
846
|
1.7%
|
|
|
|
|
|
YTD 2020
|
YTD 2019
|
Change
|
Passengers
|
8,623,984
|
15,012,149
|
(42.6%)
|
Available seat miles
(000)
|
13,125,533
|
16,174,240
|
(18.8%)
|
Departures
|
87,955
|
110,542
|
(20.4%)
|
Average stage length
(miles)
|
862
|
855
|
0.8%
|
*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
|
December 2020
estimated average fuel cost per gallon – system
|
$1.56
|
|
|
|
$ per
gallon
|
4th
quarter 2020 estimated average fuel cost per gallon –
system
|
$1.41
|
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