"As we've exited peak summer-travel season, the demand environment has remained strong," stated
"Over the past several days our HQ and
While the overall financial and operational impacts are yet to be determined, we have updated our quarterly guidance to include these expected headwinds, as shown in the table below."
Previous | Current | |
System ASMs – year over three-year change1 | ~16% | ~14.5% |
Scheduled service ASMs – year over three-year change1 | ~18% | ~17% |
Total operating revenue - year over three-year change1 | ~29% | ~27.5% |
Operating CASM, excluding fuel - year over three-year change1 2 | ~10% | 13 to 14% |
Full-year 2022 interest expense | ||
Loss on extinguishment of debt3 | N/A | $4.9 million |
Fuel cost per gallon | $3.80 | $3.87 |
Scheduled Service – Year Over Three-Year Comparison
Change | |||
Passengers | 1,379,071 | 1,241,846 | 11.1 % |
Revenue passenger miles (000) | 1,223,427 | 1,047,568 | 16.8 % |
Available seat miles (000) | 1,408,597 | 1,229,543 | 14.6 % |
Load factor | 86.9 % | 85.2 % | 1.7pts |
Departures | 9,287 | 8,768 | 5.9 % |
Average stage length (miles)
| 859
| 822
| 4.5 %
|
Total System* - Year Over Three-Year Comparison
Change | |||
Passengers | 1,386,149 | 1,256,712 | 10.3 % |
Available seat miles (000) | 1,444,626 | 1,306,860 | 10.5 % |
Departures | 9,567 | 9,294 | 2.9 % |
Average stage length (miles)
| 855
| 824
| 3.8 %
|
Scheduled Service – Year Over Year Comparison
Change | |||
Passengers | 1,379,071 | 1,179,414 | 16.9 % |
Revenue passenger miles (000) | 1,223,427 | 1,021,613 | 19.8 % |
Available seat miles (000) | 1,408,597 | 1,377,398 | 2.3 % |
Load factor | 86.9 % | 74.2 % | 12.7pts |
Departures | 9,287 | 9,451 | (1.7 %) |
Average stage length (miles)
| 859
| 835
| 2.9 %
|
Total System* - Year Over Year Comparison
Change | |||
Passengers | 1,386,149 | 1,185,944 | 16.9 % |
Available seat miles (000) | 1,444,626 | 1,408,554 | 2.6 % |
Departures | 9,567 | 9,725 | (1.6 %) |
Average stage length (miles)
| 855
| 830
| 3.0 %
|
*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 | |
$3.66 | |
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