LAS VEGAS, Sept. 29, 2022 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) as we speak reported preliminary passenger site visitors outcomes for August 2022.
“As we’ve exited peak summer-travel season, the demand environment has remained strong,” acknowledged Drew Wells, senior vice chairman, income. “We finished August with a nearly two-point improvement in loads as compared with August of 2019, on 14.6 percent more capacity. We were on track to come in above our revenue guide of up 29 percent, year over three-year. However, the impacts from Hurricane Ian have resulted in the cancellation of the majority of our flights touching Florida over the course of the next few days. Although the situation is still developing, we believe the impacts from Ian will bring down our revenue guide by 1.5 percentage points.”
“Over the past several days our HQ and Florida based team members have been preparing for Hurricane Ian,” acknowledged Gregory Anderson, president and chief monetary officer. “We communicated early with customers and provided re-accommodations at no charge, including refunds to give them time to adjust travel plans. We also repositioned aircraft out of the Florida space and supplied choices for our crew members, their households, and pets to search out shelter in different bases. The Sunseeker groups have labored across the clock to assist safeguard the resort. We are extraordinarily pleased with the teamwork from all our crew members and repair suppliers to make sure the most secure atmosphere potential as we watch for the ultimate impression of Hurricane Ian.
While the general monetary and operational impacts are but to be decided, we’ve got up to date our quarterly steering to incorporate these anticipated headwinds, as proven within the desk beneath.”
|
Previous |
Current |
|
|
System ASMs – 12 months over three-year change1 |
~16% |
~14.5% |
|
Scheduled service ASMs – 12 months over three-year change1 |
~18% |
~17% |
|
Total working income – 12 months over three-year change1 |
~29% |
~27.5% |
|
Operating CASM, excluding gasoline – 12 months over three-year change1 2 |
~10% |
13 to 14% |
|
Full-year 2022 curiosity expense |
$85 to $95 |
$95 to $100 |
|
Loss on extinguishment of debt3 |
N/A |
$4.9 million |
|
Fuel price per gallon |
$3.80 |
$3.87 |
Scheduled Service – Year Over Three-Year Comparison
|
August 2022 |
August 2019 |
Change |
|
|
Passengers |
1,379,071 |
1,241,846 |
11.1 % |
|
Revenue passenger miles (000) |
1,223,427 |
1,047,568 |
16.8 % |
|
Available seat miles (000) |
1,408,597 |
1,229,543 |
14.6 % |
|
Load issue |
86.9 % |
85.2 % |
1.7pts |
|
Departures |
9,287 |
8,768 |
5.9 % |
|
Average stage size (miles)
|
859
|
822
|
4.5 %
|
Total System* – Year Over Three-Year Comparison
|
August 2022 |
August 2019 |
Change |
|
|
Passengers |
1,386,149 |
1,256,712 |
10.3 % |
|
Available seat miles (000) |
1,444,626 |
1,306,860 |
10.5 % |
|
Departures |
9,567 |
9,294 |
2.9 % |
|
Average stage size (miles)
|
855
|
824
|
3.8 %
|
Scheduled Service – Year Over Year Comparison
|
August 2022 |
August 2021 |
Change |
|
|
Passengers |
1,379,071 |
1,179,414 |
16.9 % |
|
Revenue passenger miles (000) |
1,223,427 |
1,021,613 |
19.8 % |
|
Available seat miles (000) |
1,408,597 |
1,377,398 |
2.3 % |
|
Load issue |
86.9 % |
74.2 % |
12.7pts |
|
Departures |
9,287 |
9,451 |
(1.7 %) |
|
Average stage size (miles)
|
859
|
835
|
2.9 %
|
Total System* – Year Over Year Comparison
|
August 2022 |
August 2021 |
Change |
|
|
Passengers |
1,386,149 |
1,185,944 |
16.9 % |
|
Available seat miles (000) |
1,444,626 |
1,408,554 |
2.6 % |
|
Departures |
9,567 |
9,725 |
(1.6 %) |
|
Average stage size (miles)
|
855
|
830
|
3.0 %
|
*Total system consists of scheduled service and glued price contract. System income passenger miles and system load issue will not be helpful statistics as system accessible seat miles embody each ASMs flown by fastened price flying in addition to non-revenue producing repositioning flights used for operational wants. Fixed price flying is healthier measured by way of greenback contribution versus operational statistics.
Preliminary Financial Results
|
$ per gallon |
|
|
August 2022 estimated common gasoline price per gallon – system |
$3.66 |
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an built-in journey firm with an airline at its coronary heart, centered on connecting prospects with the folks, locations and experiences that matter most. Since 1999, Allegiant Air has linked vacationers in small-to-medium cities to world-class trip locations with all-nonstop flights and industry-low common fares. Today, Allegiant’s fleet serves communities throughout the nation, with base airfares lower than half the price of the typical home roundtrip ticket. For extra info, go to us at Allegiant.com. Media info, together with pictures, is offered at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This information launch was correct on the date of issuance. However, info contained within the launch November have modified. If you propose to make use of the knowledge contained herein for any objective, verification of its continued accuracy is your accountability.
For additional info please go to the corporate’s investor web site: http://ir.allegiantair.com
Reference to the Company’s web site above doesn’t represent incorporation of any of the knowledge thereon into this information launch.
1 Year over three-year share modifications examine 2022 to 2019
2 Operating CASM, excluding gasoline, excludes the impression of extra revenue sharing
3 The loss on extinguishment of debt is a one-time, non-operating cost associated to the refinancing of the Term Loan B in August of 2022
SOURCE Allegiant Travel Company
