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ALLEGIANT REPORTS JUNE 2022 TRAFFIC

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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

 

Cision
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SOURCE Allegiant Travel Company