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Allegiant Reports November 2023 Traffic; Scheduled Service Passenger Traffic Increased 9% From 1,193,686 To 1,303,894 YoY
Allegiant Travel Company -6.95%
Allegiant Travel Company ALGT | 54.52 | -6.95% |
Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for November 2023.
| Scheduled Service – Year Over Year Comparison | |||
| November 2023 | November 2022 | Change | |
| Passengers | 1,303,894 | 1,193,686 | 9.2 % |
| Revenue passenger miles (000) | 1,178,002 | 1,094,020 | 7.7 % |
| Available seat miles (000) | 1,405,369 | 1,272,381 | 10.5 % |
| Load factor | 83.8 % | 86.0 % | (2.2) pts |
| Departures | 9,001 | 8,085 | 11.3 % |
| Average stage length (miles) | 885 | 891 | (0.7 %) |
| Total System* - Year Over Year Comparison | |||
| November 2023 | November 2022 | Change | |
| Passengers | 1,333,604 | 1,221,545 | 9.2 % |
| Available seat miles (000) | 1,467,019 | 1,342,100 | 9.3 % |
| Departures | 9,529 | 8,680 | 9.8 % |
| Average stage length (miles) | 873 | 875 | (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 | |
| November 2023 estimated average fuel cost per gallon – system | $3.24 |
