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ALLEGIANT REPORTS JUNE 2022 TRAFFIC
LAS VEGAS, July 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2022 as well as
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, July 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2022 as well as second quarter 2022.\n\n \n \n \n \n \n \n\n \n\"Total revenue for the second quarter was roughly $629 million, up 28 percent from 2019,\" stated Drew Wells, senior vice president, revenue. \"Demand strength persisted throughout the quarter resulting in TRASM increases of over 15 percent, year over three-year, on capacity growth in excess of 13 percent, when compared with 2019. The month of June was particularly strong with TRASM up roughly 20 percent for the month, year over three-year. July TRASM is currently trending in-line with June yielding similar year over three-year percentage increases. In addition, we expect July's load factor to come in slightly higher than June's result of 90 percent.\"\n\"Second quarter CASM, excluding fuel and 2022 employee recognition bonus, was up 14 percent year over three-year, in-line with our prior guidance,\" stated Gregory Anderson, executive vice president, chief financial officer. \"Our fuel cost per gallon was $4.32, slightly above our previous guidance. This increase in fuel price coupled with a slight reduction in fuel efficiency from the first quarter, attributable to a more than eight-point increase in load factor, resulted in roughly $9 million in incremental fuel expense for the quarter. Based on the above results, we expect an earnings per share, excluding 2022 employee recognition bonus, of roughly $0.62 for the second quarter.\" \nScheduled Service – Year Over Three-Year Comparison\nJune 2022\nJune 2019\nChange\nPassengers\n1,740,643\n1,594,128\n9.2 %\nRevenue passenger miles (000)\n1,555,121\n1,355,240\n14.7 %\nAvailable seat miles (000)\n1,729,925\n1,576,993\n9.7 %\nLoad factor\n89.9 %\n85.9 %\n4.0 pts\nDepartures\n11,274\n11,176\n0.9 %\nAverage stage length (miles)\n870\n828\n5.1 %\n2nd Quarter 2022\n2nd Quarter 2019\nChange\nPassengers\n4,711,001\n4,131,855\n14.0 %\nRevenue passenger miles (000)\n4,267,828\n3,603,076\n18.4 %\nAvailable seat miles (000)\n4,888,539\n4,311,182\n13.4 %\nLoad factor\n87.3 %\n83.6 %\n3.7 pts\nDepartures\n31,402\n29,567\n6.2 %\nAverage stage length (miles)\n883\n853\n3.5 %\n \nTotal System* - Year Over Three-Year Comparison\nJune 2022\nJune 2019\nChange\nPassengers\n1,748,655\n1,606,651\n8.8...