Business
Allegiant Reports March 2021 Traffic
LAS VEGAS, April 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2021 as well
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, April 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2021 as well as first quarter 2021.\n\n \n \n \n \n \n \n\n \n\"We are encouraged by the meaningful improvement in customer demand throughout the month of March,\" stated Gregory Anderson, executive vice president and chief financial officer. \"Average daily bookings for the month exceeded average daily bookings during the same time period in 2019. The significant improvement in March demand coupled with our industry-leading cost structure enabled us to generate positive EPS and EBITDA for the month of March, excluding the benefit from the payroll support grant. For the March quarter, we expect adjusted1 CASM, excluding fuel, to be down 3 to 4 percent, year over two-year.\"\n\"Capacity was up roughly three percent, when compared to 2019, with March capacity up 14 percent,\" stated Drew Wells, senior vice president, revenue. \"Although this caused some load pressure, our focus remains on generating positive cash flows and optimizing profits. We continue to expect first quarter total revenue to fall in the middle of our previous guide of down 35 to 40 percent, when compared with 2019. We remain optimistic about peak summer travel. With national vaccination rates steadily increasing and average daily bookings trending in the right direction, we expect sequential revenue improvements into the second quarter.\"\n1 Adjusted to exclude the impact of the payroll support grant.\nScheduled Service – Year Over Two-Year Comparison\nMarch 2021\nMarch 2019\nChange\nPassengers\n1,095,572\n1,484,326\n(26.2%)\nRevenue passenger miles (000)\n1,022,480\n1,386,501\n(26.3%)\nAvailable seat miles (000)\n1,832,250\n1,610,575\n13.8%\nLoad factor\n55.8%\n86.1%\n(30.3 pts)\nDepartures\n11,710\n10,297\n13.7%\nAverage stage length (miles)\n899\n914\n(1.6%)\n1st Quarter 2021\n1st Quarter 2019\nChange\nPassengers\n2,323,302\n3,421,538\n(32.1%)\nRevenue passenger miles (000)\n2,166,417\n3,191,045\n(32.1%)\nAvailable seat miles (000)\n3,921,090\n3,802,132\n3.1%\nLoad factor\n55.3%\n83.9%\n(28.6pts)\nDepartures\n24,947\n24,344\n2.5%\nAverage stage length (miles)\n902\n908\n(0.7%)\n \nTotal System* - Year Over Two-Year Comparison\nMarch 2021\nMarch 2019\nChange\nPassengers\n1,102,869\n1,499,688\n(26.5%)\nAvailable seat m...