Allegiant Reports December 2020 Traffic
Jan 12, 2021, 21:05 ET
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: [email protected] |
email: [email protected] |
SOURCE Allegiant Travel Company
