The Allegiant Travel Company's preliminary passenger traffic results for August 2020 have just been released which show a 49% drop in passenger numbers, yet the numbers of scheduled departures only fell by just over three and a half percent when compared to last August.
Scheduled Service
Change | |||
Passengers | 633,155 | 1,241,846 | (49.0%) |
Revenue passenger miles (000) | 540,317 | 1,047,568 | (48.4%) |
Available seat miles (000) | 1,226,370 | 1,229,543 | (0.3%) |
Load factor | 44.1% | 85.2% | (41.1pts) |
Departures | 8,455 | 8,768 | (3.6%) |
Average stage length (miles) | 835 | 822 | 1.6% |
Total System*
Change | |||
Passengers | 636,485 | 1,256,712 | (49.4%) |
Available seat miles (000) | 1,252,758 | 1,306,860 | (4.1%) |
Departures | 8,669 | 9,294 | (6.7%) |
Average stage length (miles) | 833 | 824 | 1.1% |
"Average daily bookings for the month of August were roughly $2 million," stated Gregory Anderson, executive vice president and chief financial officer, Allegiant Travel Company. "We continued to maintain a broad selling presence with available seat miles remaining relatively flat year over year. At recent booking levels, average daily cash burn is expected to be greater than $1 million for the third quarter, which includes payments due in conjunction with the termination of the loan agreement with Sixth Street Partners. We have been pleased to see modest week over week improvements in daily bookings throughout the month of August and into September. If current booking trends remain stable, we continue to expect average daily cash burn to be lower than $1 million in the fourth quarter."
The budget carrier recently announced seven new nonstop routes, including three new routes to Florida and two to Palm Springs, California.
The new seasonal routes to Punta Gorda Airport (PGD) in Southwest Florida include:
Houston, Texas via William P. Hobby Airport (HOU) – beginning Nov. 20, 2020Chicago, Illinois via Chicago Midway International Airport (MDW) – beginning Nov. 20, 2020
The new seasonal route to Sarasota-Bradenton International Airport (SRQ) in Florida includes:
Boston, Massachusetts via Boston Logan International Airport (BOS) – beginning Nov. 19, 2020
The new route to Phoenix-Mesa Gateway International Airport (AZA) in Arizona includes:
Santa Maria, California via Santa Maria Airport (SMX) – beginning Nov. 19, 2020
The new seasonal routes to Palm Springs International Airport (PSP) in Southern California include:
Boise, Idaho via Boise Airport (BOI) – beginning Nov. 19, 2020.Eugene, Oregon via Eugene Airport (EUG) – beginning Nov. 20, 2020.
The new seasonal route to Denver International Airport (DEN) in Colorado includes:
Provo, Utah via Provo Municipal Airport (PVU) – beginning Nov. 19, 2020
The extension on the seasonal route to Bozeman Yellowstone International Airport (BZN) in Montana includes:
Nashville, Tennessee via Nashville International Airport (BNA) – beginning Nov. 21, 2020
The new nonstop routes will operate twice weekly. Flight days and times are available on the firm's website.
*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
August 2020 estimated average fuel cost per gallon – system
$1.34
The Allegiant Travel Company is a Las Vegas-based integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences - from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travellers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket.
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