After a slow start to the year, US budget airline Allegiant sees business pick up in February....

After a slow start to the year, US budget airline Allegiant sees business pick up from the middle of February and into March that airline said this week with the release of its latest results.

Drew Wells, senior vice president, revenue said "We finished February with a load factor of 77.8 percent, a more than eight-point improvement over January. Load factor during the month of March is currently trending above levels observed in 2019, with several weeks exceeding 90 percent booked loads, marking the first time we've seen loads at this level since the onset of the pandemic."

Gregory Anderson, executive vice president, chief financial officer. "Recent spikes in jet fuel prices have resulted in an updated fuel cost per gallon for the first quarter of roughly $3.05. Due predominantly to the volatile fuel environment as well as some staffing challenges, we expect to reduce planned capacity by roughly ten percent for the second quarter. We will continue to manage capacity to maximize profitability."

Scheduled Service – Year Over Three-Year Comparison
	February 2022	February 2019	Change
Passengers	1,099,911	1,012,255	8.7%
Revenue passenger miles (000)	1,060,497	947,536	11.9%
Available seat miles (000)	1,362,381	1,137,059	19.8%
Load factor	77.8%	83.3%	(5.5pts)
Departures	8,277	7,265	13.9%
Average stage length (miles)	932	908	2.6%

 

Total System* - Year Over Three-Year Comparison
	February 2022	February 2019	Change
Passengers	1,105,652	1,020,352	8.4%
Available seat miles (000)	1,392,157	1,174,082	18.6%
Departures	8,503	7,559	12.5%
Average stage length (miles)	928	903	2.8%

 

Scheduled Service – Year Over Year Comparison
	February 2022	February 2021	Change
Passengers	1,099,911	679,906	61.8%
Revenue passenger miles (000)	1,060,497	636,119	66.7%
Available seat miles (000)	1,362,381	1,203,720	13.2%
Load factor	77.8%	52.8%	25.0pts
Departures	8,277	7,630	8.5%

 

Total System* - Year Over Year Comparison
	February 2022	February 2021	Change
Passengers	1,105,652	680,930	62.4%
Available seat miles (000)	1,392,157	1,223,407	13.8%
Departures	8,503	7,783	9.3%
Average stage length (miles)	928	904	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.

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