Business
Allegiant Reports September 2021 Traffic
LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2021 as
About this update from Allegiant Travel Company
[{"type":"text","content":"LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2021 as well as third quarter 2021.\n\n \n \n \n \n \n \n\n \n\"We finished the quarter with capacity up just over 14 percent as compared with 2019,\" stated Gregory Anderson, executive vice president and chief financial officer. \"We expect total revenue to be up roughly 5.3 percent when compared with 2019, just above our updated guidance of up three to five percent. Revenue strength was driven primarily by better than expected bookings during the back half of September. Despite a more favorable revenue environment, we are updating our adjusted EBITDA margin guidance to 15.5 to 16.5 percent. The updated range is primarily attributable to higher than anticipated irregular operations costs. Excluding heightened levels of irregular operations costs, adjusted EBITDA margin would have been roughly 24 percent.\" \nScheduled Service – Year Over Two-Year Comparison\nSeptember 2021\nSeptember 2019\nChange\nPassengers\n803,349\n770,768\n4.2%\nRevenue passenger miles (000)\n689,600\n639,534\n7.8%\nAvailable seat miles (000)\n977,759\n775,906\n26.0%\nLoad factor\n70.5%\n82.4%\n(11.9 pts)\nDepartures\n6,714\n5,638\n19.1%\nAverage stage length (miles)\n834\n808\n3.2%\n3rd Quarter 2021\n3rd Quarter 2019\nChange\nPassengers\n3,834,956\n3,753,611\n2.2%\nRevenue passenger miles (000)\n3,302,519\n3,170,826\n4.2%\nAvailable seat miles (000)\n4,312,893\n3,687,473\n17.0%\nLoad factor\n76.6%\n86.0%\n(9.4pts)\nDepartures\n29,593\n26,238\n12.8%\nAverage stage length (miles)\n834\n824\n1.2%\nTotal System* - Year Over Two-Year Comparison\nSeptember 2021\nSeptember 2019\nChange\nPassengers\n829,029\n799,592\n3.7%\nAvailable seat miles (000)\n1,050,489\n855,962\n22.7%\nDepartures\n7,304\n6,248\n16.9%\nAverage stage length (miles)\n823\n802\n2.6%\n3rd Quarter 2021\n3rd Quarter 2019\nChange\nPassengers\n3,872,651\n3,806,369\n1.7%\nAvailable seat miles (000)\n4,441,201\n3,888,400\n14.2%\nDepartures\n30,663\n27,707\n10.7%\nAverage stage length (miles)\n829\n823\n0.7%\nScheduled Service – Year Over Year Comparison\nSeptember 2021\nSeptember 2020\nChange\nPassengers\n803,349\n475,814\n68.8%\nRevenue passenger miles (000)\n689,600\n405,590\n70.0%\nAvailable seat miles (000)\n977,759\n706,148\n38.5%\nLoad factor\n70.5%...