Allegiant Reports September 2019 Traffic

Date : 10/08/2019 @ 10:51PM
Source : PR Newswire (US)
Stock : Allegiant Travel Company (ALGT)
Quote : 170.08  -2.0 (-1.16%) @ 9:30PM
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Allegiant Reports September 2019 Traffic

Allegiant Travel (NASDAQ:ALGT)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

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LAS VEGAS, Oct. 8, 2019 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2019 as well as third quarter 2019.

Scheduled Service


September 2019

September 2018

Change

Passengers

770,768

777,371

(0.8%)

Revenue passenger miles (000)

639,534

674,098

(5.1%)

Available seat miles (000)

775,906

821,846

(5.6%)

Load factor

82.4%

82.0%

0.4 pts

Departures

5,638

5,723

(1.5%)

Average stage length (miles)

808

846

(4.5%)






3rd Quarter 2019

3rd Quarter 2018

Change

Passengers

3,753,611

3,461,267

8.4%

Revenue passenger miles (000)

3,170,826

2,988,962

6.1%

Available seat miles (000)

3,687,473

3,485,800

5.8%

Load factor

86.0%

85.7%

0.3 pts

Departures

26,238

24,281

8.1%

Average stage length (miles)

824

845

(2.5%)

Total System*


September 2019

September 2018

Change

Passengers

799,592

803,283

(0.5%)

Available seat miles (000)

855,962

888,476

(3.7%)

Departures

6,248

6,273

(0.4%)

Average stage length (miles)

802

834

(3.8%)






3rd Quarter 2019

3rd Quarter 2018

Change

Passengers

3,806,369

3,503,849

8.6%

Available seat miles (000)

3,888,400

3,643,948

6.7%

Departures

27,707

25,601

8.2%

Average stage length (miles)

823

838

(1.8%)

*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

September 2019 estimated average fuel cost per gallon – system

$2.11




$ per gallon

3rd quarter 2019 estimated average fuel cost per gallon – system

$2.16



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 premier leisure experiences - from vacations to hometown family entertainment. 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 serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant's Sunseeker Resorts subsidiary is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida - a unique waterside integrated resort like no other. And a growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor games and attractions to thrill seekers of all ages. 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


Chris Allen

email: mediarelations@allegiantair.com


email: ir@allegiantair.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/allegiant-reports-september-2019-traffic-300934322.html

SOURCE Allegiant Travel Company

Copyright 2019 PR Newswire

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