Business
ALLEGIANT REPORTS AUGUST 2023 TRAFFIC
LAS VEGAS, Sept. 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2023.
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, Sept. 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2023.\n\n \n \n \n \n \n \n\n \nScheduled Service – Year Over Year Comparison\nAugust 2023\nAugust 2022\nChange\nPassengers\n1,310,751\n1,379,071\n(5.0 %)\nRevenue passenger miles (000)\n1,163,582\n1,223,427\n(4.9 %)\nAvailable seat miles (000)\n1,353,230\n1,408,597\n(3.9 %)\nLoad factor\n86.0 %\n86.9 %\n(0.9) pts\nDepartures\n8,839\n9,287\n(4.8 %)\nAverage stage length (miles)\n866\n859\n0.8 %\n \nTotal System* - Year Over Year Comparison\nAugust 2023\nAugust 2022\nChange\nPassengers\n1,320,721\n1,386,149\n(4.7 %)\nAvailable seat miles (000)\n1,402,344\n1,444,626\n(2.9 %)\nDepartures\n9,211\n9,567\n(3.7 %)\nAverage stage length (miles)\n861\n855\n0.7 %\n*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.\nPreliminary Financial Results\n$ per gallon\nAugust 2023 estimated average fuel cost per gallon – system\n$3.16\n \nGuidance Update\nPrevious Guide\nCurrent Guide\nFull-year 2023 estimated average fuel cost per gallon – system\n$2.90\n$3.17\nAllegiant Travel Company\nLas 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 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\nALGT/G\nNote: 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 responsibilit...