LAS VEGAS, Dec. 9, 2020 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for November
2020.
"Over the course of the last several weeks, we have seen a
deceleration of bookings coupled with an increase in cancellations
related to recent surges in COVID-19 cases and new travel
restrictions," stated Drew Wells,
vice president of revenue. "Average daily bookings were roughly
$3 million during the month of
October, whereas November daily bookings averaged roughly
$2.2 million. There continues to be a
divergence in terms of strength between peak travel periods and
non-peak periods, with peak days showing far more resiliency, a
trend expected to hold through the Christmas holiday. We continue
to approach demand as we have since the onset of the pandemic by
maintaining a wide selling presence and cutting capacity as
dictated by demand trends. Despite recent booking weakness, fourth
quarter capacity reductions are still expected to be roughly 15
percent as compared with prior
year."
Scheduled
Service
|
|
|
November
2020
|
November
2019
|
Change
|
Passengers
|
682,976
|
1,101,346
|
(38.0%)
|
Revenue passenger
miles (000)
|
596,377
|
962,614
|
(38.0%)
|
Available seat miles
(000)
|
1,034,482
|
1,197,831
|
(13.6%)
|
Load
factor
|
57.6%
|
80.4%
|
(22.8pts)
|
Departures
|
6,940
|
8,189
|
(15.3%)
|
Average stage length
(miles)
|
861
|
857
|
0.5%
|
|
Total
System*
|
|
|
November
2020
|
November
2019
|
Change
|
Passengers
|
692,327
|
1,129,065
|
(38.7%)
|
Available seat miles
(000)
|
1,065,731
|
1,255,381
|
(15.1%)
|
Departures
|
7,201
|
8,739
|
(17.6%)
|
Average stage length
(miles)
|
854
|
841
|
1.5%
|
*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
|
November 2020
estimated average fuel cost per gallon – system
|
$1.39
|
|
|
|
|
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'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:
mediarelations@allegiantair.com
|
|
email:
ir@allegiantair.com
|
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SOURCE Allegiant Travel Company