LAS VEGAS, Jan. 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2023, fourth quarter 2023, and full year 2023.
Scheduled Service - Year Over Year Comparison
December 2023
December 2022
Change
Passengers
1,356,025
1,450,978
(6.5 %)
Revenue passenger miles (000)
1,255,868
1,348,142
(6.8 %)
Available seat miles (000)
1,521,846
1,591,240
(4.4 %)
Load factor
82.5 %
84.7 %
(2.2) pts
Departures
9,527
10,024
(5.0 %)
Average stage length (miles)
903
901
0.2 %
4th Quarter 2023
4th Quarter 2022
Change
Passengers
4,067,855
3,893,870
4.5 %
Revenue passenger miles (000)
3,691,343
3,578,134
3.2 %
Available seat miles (000)
4,429,826
4,192,352
5.7 %
Load factor
83.3 %
85.3 %
(2.0) pts
Departures
28,244
26,591
6.2 %
Average stage length (miles)
887
893
(0.7 %)
Full Year 2023
Full Year 2022
Change
Passengers
17,143,870
16,630,138
3.1 %
Revenue passenger miles (000)
15,639,329
15,224,346
2.7 %
Available seat miles (000)
18,208,820
17,909,190
1.7 %
Load factor
85.9 %
85.0 %
0.9 pts
Departures
116,044
114,066
1.7 %
Average stage length (miles)
888
890
(0.2 %)
Total System* - Year Over Year Comparison
December 2023
December 2022
Change
Passengers
1,369,293
1,461,523
(6.3 %)
Available seat miles (000)
1,566,296
1,626,795
(3.7 %)
Departures
9,868
10,292
(4.1 %)
Average stage length (miles)
897
897
0.0 %
4th Quarter 2023
4th Quarter 2022
Change
Passengers
4,145,771
3,962,466
4.6 %
Available seat miles (000)
4,607,174
4,358,220
5.7 %
Departures
29,733
28,005
6.2 %
Average stage length (miles)
876
881
(0.6 %)
Full Year 2023
Full Year 2022
Change
Passengers
17,342,236
16,796,544
3.2 %
Available seat miles (000)
18,772,110
18,419,045
1.9 %
Departures
120,525
118,069
2.1 %
Average stage length (miles)
882
884
(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
December 2023 estimated average fuel cost per gallon - system
$2.96
$ per gallon
4th quarter 2023 estimated average fuel cost per gallon - system
$3.21
$ per gallon
Full year 2023 estimated average fuel cost per gallon - system
$3.09
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 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.