Allegiant Travel Company (NASDAQ: ALGT) last week reported preliminary passenger traffic results for April 2019.
"As stated on our last earnings call, we expected to see pressure on load factor in the month of April due to the significant capacity growth between the end of March and the beginning of the Easter travel period," stated Drew Wells Vice President of revenue and planning. "The decline in April's load factor was not outside of our expectations."
| Scheduled Service | |||
| April 2019 | April 2018 | Change | |
| Passengers | 1,268,298 | 1,154,320 | 9.9% |
| Revenue passenger miles (000) | 1,154,056 | 1,043,019 | 10.6% |
| Available seat miles (000) | 1,425,278 | 1,227,320 | 16.1% |
| Load factor | 81.0% | 85.0% | (4.0) pts |
| Departures | 9,305 | 8,221 | 13.2% |
| Average stage length (miles) | 895 | 884 | 1.2% |
| Total System* | |||
| April 2019 | April 2018 | Change | |
| Passengers | 1,281,143 | 1,162,680 | 10.2% |
| Revenue passenger miles (000) | 1,170,912 | 1,053,983 | 11.1% |
| Available seat miles (000) | 1,471,005 | 1,267,556 | 16.1% |
| Load factor | 79.6% | 83.2% | (3.6) pts |
| Departures | 9,653 | 8,543 | 13.0% |
| Average stage length (miles) | 891 | 880 | 1.3% |
| *Total system includes scheduled service and fixed fee contract. |
| Preliminary Financial Results | |
| $ per gallon | |
| April 2019 estimated average fuel cost per gallon – system | $2.25 |