Allegiant Reports September 2024 Traffic

Rhea-AI Summary

Allegiant Travel Company (NASDAQ: ALGT) has reported its preliminary passenger traffic results for September 2024 and the third quarter of 2024. Key points include:

- Scheduled service passengers decreased by 1.9% in September 2024 compared to September 2023

- Third quarter 2024 saw a 0.9% decrease in passengers compared to Q3 2023

- Load factor for September 2024 increased by 0.5 percentage points to 83.3%

- Q3 2024 load factor decreased by 1.9 percentage points to 85.6%

- Total system passengers decreased by 2.4% in September 2024 and 0.8% in Q3 2024 year-over-year

- Estimated average fuel cost per gallon for September 2024 was $2.49, and $2.69 for Q3 2024

Positive

• Load factor for September 2024 increased by 0.5 percentage points to 83.3%
• Available seat miles increased by 1.1% in Q3 2024 compared to Q3 2023
• Total system departures increased by 2.2% in Q3 2024 compared to Q3 2023

Negative

• Scheduled service passengers decreased by 1.9% in September 2024 compared to September 2023
• Third quarter 2024 saw a 0.9% decrease in passengers compared to Q3 2023
• Q3 2024 load factor decreased by 1.9 percentage points to 85.6%
• Total system passengers decreased by 2.4% in September 2024 and 0.8% in Q3 2024 year-over-year
• Revenue passenger miles decreased by 2.7% in September 2024 and 1.1% in Q3 2024 compared to the same periods in 2023

News Market Reaction – ALGT

-0.80%

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-0.80% News Effect

On the day this news was published, ALGT declined 0.80%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LAS VEGAS, Oct. 22, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2024 as well as the third quarter of 2024.

Scheduled Service – Year Over Year Comparison

	September 2024	September 2023	Change
Passengers	969,844	988,981	(1.9 %)
Revenue passenger miles (000)	844,968	868,742	(2.7 %)
Available seat miles (000)	1,014,201	1,049,538	(3.4 %)
Load factor	83.3 %	82.8 %	0.5pts
Departures	6,796	6,949	(2.2 %)
Average stage length (miles)	851	855	(0.5 %)

	3Q24	3Q23	Change
Passengers	4,195,572	4,234,196	(0.9 %)
Revenue passenger miles (000)	3,701,747	3,744,225	(1.1 %)
Available seat miles (000)	4,326,870	4,280,034	1.1 %
Load factor	85.6 %	87.5 %	(1.9pts)
Departures	28,519	28,040	1.7 %
Average stage length (miles)	863	864	(0.1 %)

Total System* – Year Over Year Comparison

	September 2024	September 2023	Change
Passengers	1,002,903	1,027,410	(2.4 %)
Available seat miles (000)	1,088,433	1,124,038	(3.2 %)
Departures	7,419	7,581	(2.1 %)
Average stage length (miles)	835	839	(0.4 %)

	3Q24	3Q23	Change
Passengers	4,256,249	4,292,031	(0.8 %)
Available seat miles (000)	4,501,532	4,433,767	1.5 %
Departures	29,884	29,251	2.2 %
Average stage length (miles)	856	858	(0.2 %)

*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
September 2024 estimated average fuel cost per gallon - system	$2.49
3rd Quarter 2024 estimated average fuel cost per gallon - system	$2.69

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) load factor for September 2024?

Allegiant's load factor for September 2024 was 83.3%, an increase of 0.5 percentage points compared to September 2023.

How did Allegiant's (ALGT) passenger numbers change in Q3 2024 compared to Q3 2023?

Allegiant's passenger numbers decreased by 0.9% in Q3 2024 compared to Q3 2023, from 4,234,196 to 4,195,572 passengers.

What was the estimated average fuel cost per gallon for Allegiant (ALGT) in September 2024?

The estimated average fuel cost per gallon for Allegiant in September 2024 was $2.49.

How did Allegiant's (ALGT) available seat miles (ASM) change in Q3 2024 compared to Q3 2023?

Allegiant's available seat miles increased by 1.1% in Q3 2024 compared to Q3 2023, from 4,280,034 to 4,326,870 thousand miles.