Business
Allegiant Reports February 2025 Traffic
LAS VEGAS, March 18, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2025.
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, March 18, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2025.\n\n \n \n \n \n \n \n\n \n\"Consistent with recent industry commentary, we are experiencing leisure demand softness, predominantly observed during the shoulder and off-peak periods,\" stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company. \"Peak March weeks are performing strong with TRASM nearly in line with the same weeks in the prior year, despite significant growth. However, given the shoulder period weakness, we now expect first quarter TRASM to decline just over seven percent from the prior year. Due to current demand trends, we will reduce our full-year capacity forecast from up 17 percent to up 13 percent year-over-year, with cuts primarily affecting the shoulder and off-peak periods. We will remain flexible with our capacity deployment to appropriately adapt to the demand environment.\"\n\"We are seeing better-than-expected cost performance during the quarter,\" stated Robert Neal, Chief Financial Officer of Allegiant Travel Company. \"We anticipate our consolidated earnings per share will come in at the lower end of our initial guide at approximately $1.50 per share, with the airline contributing around $1.75 per share.\" \n Scheduled Service – Year Over Year Comparison\nFebruary 2025\nFebruary 2024\nChange\nPassengers\n1,280,034\n1,243,576\n2.9 %\nRevenue passenger miles (000)\n1,249,948\n1,194,104\n4.7 %\nAvailable seat miles (000)\n1,573,230\n1,421,672\n10.7 %\nLoad factor\n79.5 %\n84.0 %\n (4.5pts)\nDepartures\n9,390\n8,556\n9.7 %\nAverage stage length (miles)\n952\n933\n2.1 %\n \n Total System* – Year Over Year Comparison\nFebruary 2025\nFebruary 2024\nChange\nPassengers\n1,286,748\n1,253,860\n2.6 %\nAvailable seat miles (000)\n1,610,101\n1,456,189\n10.6 %\nDepartures\n9,676\n8,846\n9.4 %\nAverage stage length (miles)\n946\n924\n2.3 %\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.\n \n Preliminary Fi...