LAS VEGAS, Jan. 18, 2022 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) today reported preliminary
passenger traffic results for December
2021, fourth quarter 2021, and full year 2021.
"Fourth quarter scheduled capacity was up 14.5 percent as
compared with 2019, in line with our initial expectations," stated
Drew Wells, senior vice president of
revenue. "Despite a challenging operating environment during the
Christmas holiday peak-period, we ended the quarter with a load
factor of 78.8 percent, the highest since the onset of the
pandemic. Although Omicron led to an uptick in customer
cancellations, daily booking trends throughout the quarter
consistently outperformed levels observed in 2019. This strength in
bookings resulted in total operating revenue of roughly
$496 million for the quarter, an
increase of more than 7.5 percent when compared with 2019."
"We are pleased to report that the fourth quarter will be our
third consecutive quarter of profitability since the onset of the
pandemic," stated Gregory Anderson,
executive vice president and chief financial officer. "Despite
operational challenges around holiday peak travel, we expect an
adjusted1 EBITDA margin for the fourth quarter of
roughly 19 percent. This margin includes nearly $23 million of irregular operations costs
incurred during the quarter, the majority of which were incurred in
December. Operational challenges were predominantly a result of
crew shortages related to Omicron. Although these challenges
continued into early January, we are beginning to see relief and
expect significant improvement in the operation as the Omicron
variant begins to dissipate."
|
Scheduled Service
– Year Over Two-Year Comparison
|
|
|
December
2021
|
December
2019
|
Change
|
|
Passengers
|
1,320,403
|
1,308,341
|
0.9%
|
|
Revenue passenger
miles (000)
|
1,226,131
|
1,165,902
|
5.2%
|
|
Available seat miles
(000)
|
1,556,101
|
1,411,107
|
10.3%
|
|
Load
factor
|
78.8%
|
82.6%
|
(3.8
pts)
|
|
Departures
|
9,801
|
9,423
|
4.0%
|
|
Average stage length
(miles)
|
902
|
871
|
3.6%
|
|
4th
Quarter 2021
|
4th
Quarter 2019
|
Change
|
|
Passengers
|
3,671,032
|
3,516,263
|
4.4%
|
|
Revenue passenger
miles (000)
|
3,306,563
|
3,073,055
|
7.6%
|
|
Available seat miles
(000)
|
4,288,133
|
3,745,031
|
14.5%
|
|
Load
factor
|
77.1%
|
82.1%
|
(5.0pts)
|
|
Departures
|
27,818
|
25,541
|
8.9%
|
|
Average stage length
(miles)
|
876
|
856
|
2.3%
|
|
YTD 2021
|
YTD 2019
|
Change
|
|
Passengers
|
13,509,544
|
14,823,267
|
(8.9%)
|
|
Revenue passenger
miles (000)
|
11,963,715
|
13,038,003
|
(8.2%)
|
|
Available seat miles
(000)
|
17,027,902
|
15,545,818
|
9.5%
|
|
Load
factor
|
70.3%
|
83.9%
|
(13.6pts)
|
|
Departures
|
113,121
|
105,690
|
7.0%
|
|
Average stage length
(miles)
|
862
|
859
|
0.3%
|
|
|
|
|
|
Total System* -
Year Over Two-Year Comparison
|
|
|
December
2021
|
December
2019
|
Change
|
|
Passengers
|
1,327,884
|
1,318,872
|
0.7%
|
|
Available seat miles
(000)
|
1,586,060
|
1,453,592
|
9.1%
|
|
Departures
|
10,065
|
9,742
|
3.3%
|
|
Average stage length
(miles)
|
896
|
868
|
3.2%
|
|
4th
Quarter 2021
|
4th
Quarter 2019
|
Change
|
|
Passengers
|
3,731,034
|
3,585,966
|
4.0%
|
|
Available seat miles
(000)
|
4,440,839
|
3,928,536
|
13.0%
|
|
Departures
|
29,193
|
27,088
|
7.8%
|
|
Average stage length
(miles)
|
865
|
846
|
2.2%
|
|
|
|
|
|
YTD 2021
|
YTD 2019
|
Change
|
|
Passengers
|
13,637,405
|
15,012,149
|
(9.2%)
|
|
Available seat miles
(000)
|
17,490,571
|
16,174,240
|
8.1%
|
|
Departures
|
117,047
|
110,542
|
5.9%
|
|
Average stage length
(miles)
|
856
|
855
|
0.1%
|
|
Scheduled Service
– Year Over Year Comparison
|
|
|
December
2021
|
December
2020
|
Change
|
|
Passengers
|
1,320,403
|
673,041
|
96.2%
|
|
Revenue passenger
miles (000)
|
1,226,131
|
611,429
|
100.5%
|
|
Available seat miles
(000)
|
1,556,101
|
1,128,200
|
37.9%
|
|
Load
factor
|
78.8%
|
54.2%
|
24.6pts
|
|
Departures
|
9,801
|
7,281
|
34.6%
|
|
Average stage length
(miles)
|
902
|
891
|
1.2%
|
|
4th
Quarter 2021
|
4th
Quarter 2020
|
Change
|
|
Passengers
|
3,671,032
|
2,129,292
|
72.4%
|
|
Revenue passenger
miles (000)
|
3,306,563
|
1,878,831
|
76.0%
|
|
Available seat miles
(000)
|
4,288,133
|
3,226,050
|
32.9%
|
|
Load
factor
|
77.1%
|
58.2%
|
18.9pts
|
|
Departures
|
27,818
|
21,399
|
30.0%
|
|
Average stage length
(miles)
|
876
|
868
|
0.9%
|
|
YTD 2021
|
YTD 2020
|
Change
|
|
Passengers
|
13,509,544
|
8,553,623
|
57.9%
|
|
Revenue passenger
miles (000)
|
11,963,715
|
7,626,470
|
56.9%
|
|
Available seat miles
(000)
|
17,027,902
|
12,814,080
|
32.9%
|
|
Load
factor
|
70.3%
|
59.5%
|
10.8pts
|
|
Departures
|
113,121
|
85,276
|
32.7%
|
|
Average stage length
(miles)
|
862
|
867
|
(0.6%)
|
|
Total System* -
Year Over Year Comparison
|
|
|
December
2021
|
December
2020
|
Change
|
|
Passengers
|
1,327,884
|
679,424
|
95.4%
|
|
Available seat miles
(000)
|
1,586,060
|
1,147,534
|
38.2%
|
|
Departures
|
10,065
|
7,471
|
34.7%
|
|
Average stage length
(miles)
|
896
|
883
|
1.5%
|
|
4th
Quarter 2021
|
4th
Quarter 2020
|
Change
|
|
Passengers
|
3,731,034
|
2,159,035
|
72.8%
|
|
Available seat miles
(000)
|
4,440,839
|
3,315,599
|
33.9%
|
|
Departures
|
29,193
|
22,189
|
31.6%
|
|
Average stage length
(miles)
|
865
|
860
|
0.6%
|
|
YTD 2021
|
YTD 2020
|
Change
|
|
Passengers
|
13,637,405
|
8,623,984
|
58.1%
|
|
Available seat miles
(000)
|
17,490,571
|
13,125,533
|
33.3%
|
|
Departures
|
117,047
|
87,955
|
33.1%
|
|
Average stage length
(miles)
|
856
|
862
|
(0.7%)
|
|
|
*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 2021
estimated average fuel cost per gallon – system
|
$2.37
|
|
|
|
$ per
gallon
|
|
4th
quarter 2021 estimated average fuel cost per gallon –
system
|
$2.48
|
|
|
|
|
|
$ per
gallon
|
|
Full year 2021
estimated average fuel cost per gallon – system
|
$2.15
|
|
|
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's fleet 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.
|
Allegiant Media
Contact:
|
|
Investor
Inquiries:
|
|
Sonya
Padgett
|
|
Sherry
Wilson
|
|
email:
mediarelations@allegiantair.com
|
|
email:
ir@allegiantair.com
|
1 Adjusted EBITDA includes $23
million of irregular operations costs comprised primarily of
customer compensation and excludes enhanced variable compensation
provided to our team members in recognition of their extraordinary
efforts during the pandemic as well as excludes the benefit from
the Employee Retention Credit.
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SOURCE Allegiant Travel Company