Allegiant Reports December 2023 Traffic

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Jan 29, 2024, 09:00 ET

LAS VEGAS, Jan. 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2023, fourth quarter 2023, and full year 2023.

Scheduled Service – Year Over Year Comparison

	December 2023	December 2022	Change
Passengers	1,356,025	1,450,978	(6.5 %)
Revenue passenger miles (000)	1,255,868	1,348,142	(6.8 %)
Available seat miles (000)	1,521,846	1,591,240	(4.4 %)
Load factor	82.5 %	84.7 %	(2.2) pts
Departures	9,527	10,024	(5.0 %)
Average stage length (miles)	903	901	0.2 %

	4^th Quarter 2023	4^th Quarter 2022	Change
Passengers	4,067,855	3,893,870	4.5 %
Revenue passenger miles (000)	3,691,343	3,578,134	3.2 %
Available seat miles (000)	4,429,826	4,192,352	5.7 %
Load factor	83.3 %	85.3 %	(2.0) pts
Departures	28,244	26,591	6.2 %
Average stage length (miles)	887	893	(0.7 %)

	Full Year 2023	Full Year 2022	Change
Passengers	17,143,870	16,630,138	3.1 %
Revenue passenger miles (000)	15,639,329	15,224,346	2.7 %
Available seat miles (000)	18,208,820	17,909,190	1.7 %
Load factor	85.9 %	85.0 %	0.9 pts
Departures	116,044	114,066	1.7 %
Average stage length (miles)	888	890	(0.2 %)

Total System* - Year Over Year Comparison

	December 2023	December 2022	Change
Passengers	1,369,293	1,461,523	(6.3 %)
Available seat miles (000)	1,566,296	1,626,795	(3.7 %)
Departures	9,868	10,292	(4.1 %)
Average stage length (miles)	897	897	0.0 %

	4^th Quarter 2023	4^th Quarter 2022	Change
Passengers	4,145,771	3,962,466	4.6 %
Available seat miles (000)	4,607,174	4,358,220	5.7 %
Departures	29,733	28,005	6.2 %
Average stage length (miles)	876	881	(0.6 %)

	Full Year 2023	Full Year 2022	Change
Passengers	17,342,236	16,796,544	3.2 %
Available seat miles (000)	18,772,110	18,419,045	1.9 %
Departures	120,525	118,069	2.1 %
Average stage length (miles)	882	884	(0.2 %)

*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.

Preliminary Financial Results

	$ per gallon
December 2023 estimated average fuel cost per gallon – system	$2.96

	$ per gallon
4^th quarter 2023 estimated average fuel cost per gallon – system	$3.21
	$ per gallon
Full year 2023 estimated average fuel cost per gallon – system	$3.09

Allegiant Travel Company

Las 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 serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

ALGT/G

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company's investor website: http://ir.allegiantair.com

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.