Allegiant Reports December 2024 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) has released its December 2024 traffic report, showing mixed results across different timeframes. December 2024 saw significant year-over-year growth with passenger traffic up 13.9% to 1,544,874 passengers, and departures increasing by 16.7%. However, the load factor decreased slightly by 1.1 points to 81.4%.

The fourth quarter and full-year 2024 results showed some challenges, with passenger numbers declining by 3.5% and 2.2% respectively compared to 2023. The company's load factor also decreased across both periods, dropping 3.1 points in Q4 and 2.3 points for the full year. The system's fuel costs were reported at $2.47 per gallon in December 2024, with a full-year average of $2.76 per gallon.

Positive

• December 2024 passenger traffic increased 13.9% YoY
• December 2024 departures grew 16.7% YoY
• Available seat miles increased 16.4% in December 2024

Negative

• Q4 2024 passenger numbers declined 3.5% YoY
• Full-year 2024 passengers decreased 2.2% YoY
• Load factor declined across all periods (December: -1.1pts, Q4: -3.1pts, Full-year: -2.3pts)

News Market Reaction – ALGT

+0.32%

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+0.32% News Effect

On the day this news was published, ALGT gained 0.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LAS VEGAS, Jan. 29, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2024.

Scheduled Service – Year Over Year Comparison
	December 2024	December 2023	Change
Passengers	1,544,874	1,356,025	13.9 %
Revenue passenger miles (000)	1,441,734	1,255,868	14.8 %
Available seat miles (000)	1,771,717	1,521,846	16.4 %
Load factor	81.4 %	82.5 %	(1.1pts)
Departures	11,117	9,527	16.7 %
Average stage length (miles)	912	903	1.0 %

	4th Quarter 2024	4th Quarter 2023	Change
Passengers	3,927,423	4,067,855	(3.5 %)
Revenue passenger miles (000)	3,609,892	3,691,343	(2.2 %)
Available seat miles (000)	4,503,059	4,429,826	1.7 %
Load factor	80.2 %	83.3 %	(3.1pts)
Departures	28,617	28,244	1.3 %
Average stage length (miles)	900	887	1.5 %

	Full Year 2024	Full Year 2023	Change
Passengers	16,765,283	17,143,870	(2.2 %)
Revenue passenger miles (000)	15,303,737	15,639,329	(2.1 %)
Available seat miles (000)	18,314,867	18,208,820	0.6 %
Load factor	83.6 %	85.9 %	(2.3pts)
Departures	116,441	116,044	0.3 %
Average stage length (miles)	893	888	0.6 %

 

Total System* – Year Over Year Comparison
	December 2024	December 2023	Change
Passengers	1,555,292	1,369,293	13.6 %
Available seat miles (000)	1,811,321	1,566,296	15.6 %
Departures	11,452	9,868	16.1 %
Average stage length (miles)	905	897	0.9 %

	4th Quarter 2024	4th Quarter 2023	Change
Passengers	3,999,879	4,145,771	(3.5 %)
Available seat miles (000)	4,697,999	4,607,174	2.0 %
Departures	30,219	29,733	1.6 %
Average stage length (miles)	889	876	1.5 %

	Full Year 2024	Full Year 2023	Change
Passengers	16,982,836	17,342,236	(2.1 %)
Available seat miles (000)	18,984,711	18,772,110	1.1 %
Departures	121,580	120,525	0.9 %
Average stage length (miles)	887	882	0.6 %

*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 2024 estimated average fuel cost per gallon - system	$2.47
4th quarter estimated average fuel cost per gallon - system	$2.50
Full-year 2024 estimated average fuel cost per gallon - system	$2.76

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 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 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: 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
mediarelations@allegiantair.com		ir@allegiantair.com

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SOURCE Allegiant Travel Company

FAQ

What was Allegiant's (ALGT) passenger growth rate in December 2024?

Allegiant reported a 13.9% increase in passengers for December 2024, reaching 1,544,874 passengers compared to 1,356,025 in December 2023.

How did ALGT's load factor perform in Q4 2024?

Allegiant's load factor in Q4 2024 was 80.2%, showing a decrease of 3.1 percentage points compared to 83.3% in Q4 2023.

What was Allegiant's average fuel cost per gallon in 2024?

Allegiant's estimated average fuel cost per gallon for the full year 2024 was $2.76 system-wide.

How did ALGT's full-year 2024 passenger numbers compare to 2023?

Allegiant's full-year 2024 passenger count decreased by 2.2% to 16,765,283 passengers, compared to 17,143,870 in 2023.