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Allegiant Reports June 2024 Traffic
LAS VEGAS, July 25, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2024. Scheduled
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, July 25, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2024.\n\n \n \n \n \n \n \n\n \nScheduled Service – Year Over Year Comparison\nJune 2024\nJune 2023\nChange\nPassengers\n1,830,067\n1,802,886\n1.5 %\nRevenue passenger miles (000)\n1,612,782\n1,590,984\n1.4 %\nAvailable seat miles (000)\n1,862,875\n1,766,164\n5.5 %\nLoad factor\n86.6 %\n90.1 %\n(3.5 pts)\nDepartures\n12,217\n11,530\n6.0 %\nAverage stage length (miles)\n868\n868\n0.0 %\n2nd Quarter 2024\n2nd Quarter 2023\nChange\nPassengers\n4,572,769\n4,719,623\n(3.1 %)\nRevenue passenger miles (000)\n4,108,288\n4,278,399\n(4.0 %)\nAvailable seat miles (000)\n4,848,017\n4,925,194\n(1.6 %)\nLoad factor\n84.7 %\n86.9 %\n(2.2 pts)\nDepartures\n31,128\n31,487\n(1.1 %)\nAverage stage length (miles)\n885\n887\n(0.2 %)\nTotal System* - Year Over Year Comparison\nJune 2024\nJune 2023\nChange\nPassengers\n1,849,172\n1,814,041\n1.9 %\nAvailable seat miles (000)\n1,931,393\n1,805,699\n7.0 %\nDepartures\n12,639\n11,816\n7.0 %\nAverage stage length (miles)\n870\n866\n0.5 %\n2nd Quarter 2024\n2nd Quarter 2023\nChange\nPassengers\n4,621,848\n4,755,981\n(2.8 %)\nAvailable seat miles (000)\n5,013,209\n5,053,547\n(0.8 %)\nDepartures\n32,252\n32,396\n(0.4 %)\nAverage stage length (miles)\n883\n884\n(0.1 %)\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\nJune 2024 estimated average fuel cost per gallon – system\n$2.72\n2nd quarter 2024 estimated fuel cost per gallon - system\n$2.83\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's fleet serves communities across the nat...