Passenger loads up for budget U.S. airline Allegiant.

With first-quarter revenues of over $500 million, up 10.7% from 2019, it is no wonder that Drew Wells, senior vice president of revenue for low-cost carrier Allegiant is happy.  The carrier has seen demand picking up from mid-February resulting in load factors for the month of March above that of 2019. 

The airline has also seen demand increase in March, to above 2019 levels which is looking positive for the future, the airline believes second-quarter load factors will also exceed 2019 levels. 

The sudden spike in fuel resulted in Allegiant spending $22 million more in fuel expenses than expected during the quarter which has caused the losses to the budget airline. "As we head into the second quarter, we have optimized our planned capacity growth to prioritize operational integrity, better align with a high-fuel environment, and enhance profitability." the airline says.

Scheduled Service – Year Over Three-Year Comparison
	March 2022	March 2019	Change
Passengers	1,666,336	1,484,326	12.3%
Revenue passenger miles (000)	1,594,614	1,386,501	15.0%
Available seat miles (000)	1,843,102	1,610,575	14.4%
Load factor	86.5%	86.1%	0.4pts
Departures	11,258	10,297	9.3%
Average stage length (miles)	927	914	1.4%
	1st Quarter 2022	1st Quarter 2019	Change
Passengers	3,709,104	3,421,538	8.4%
Revenue passenger miles (000)	3,558,045	3,191,045	11.5%
Available seat miles (000)	4,512,315	3,802,132	18.7%
Load factor	78.9%	83.9%	(5.0pts)
Departures	27,637	24,344	13.5%
Average stage length (miles)	926	908	2.0%

 

Total System* - Year Over Three-Year Comparison
	March 2022	March 2019	Change
Passengers	1,679,945	1,499,688	12.0%
Available seat miles (000)	1,893,962	1,655,330	14.4%
Departures	11,700	10,660	9.8%
Average stage length (miles)	918	908	1.1%
	1st Quarter 2022	1st Quarter 2019	Change
Passengers	3,734,262	3,450,278	8.2%
Available seat miles (000)	4,620,144	3,910,239	18.2%
Departures	28,494	25,200	13.1%
Average stage length (miles)	920	904	1.8%

 

Scheduled Service – Year Over Year Comparison
	March 2022	March 2021	Change
Passengers	1,666,336	1,095,572	52.1%
Revenue passenger miles (000)	1,594,614	1,022,480	56.0%
Available seat miles (000)	1,843,102	1,832,250	0.6%
Load factor	86.5%	55.8%	30.7pts
Departures	11,258	11,710	(3.9%)
Average stage length (miles)	927	899	3.1%
	1st Quarter 2022	1st Quarter 2021	Change
Passengers	3,709,104	2,323,302	59.6%
Revenue passenger miles (000)	3,558,045	2,166,417	64.2%
Available seat miles (000)	4,512,315	3,921,090	15.1%
Load factor	78.9%	55.3%	23.6pts
Departures	27,637	24,947	10.8%
Average stage length (miles)	926	902	2.7%

 

Total System* - Year Over Year Comparison
	March 2022	March 2021	Change
Passengers	1,679,945	1,102,869	52.3%
Available seat miles (000)	1,893,962	1,884,130	0.5%
Departures	11,700	12,144	(3.7%)
Average stage length (miles)	918	892	2.9%
	1st Quarter 2022	1st Quarter 2021	Change
Passengers	3,734,262	2,334,503	60.0%
Available seat miles (000)	4,620,144	4,013,989	15.1%
Departures	28,494	25,684	10.9%
Average stage length (miles)	920	898	2.4%

Want me in your inbox? Follow here for email updates Air101 here.