Allegiant Travel

+6.12 (+5.22%)
Earnings Announcements

Allegiant Reports May 2022 Traffic

Published: 06/17/2022 12:16 GMT
Allegiant Travel (ALGT) - Allegiant Reports May 2022 Traffic.
Allegiant Travel Co - Grew Capacity by Nearly 16 Percent During May, As Compared With 2019.
Allegiant Travel Co - Completed May With a Load Factor of 87 Percent, Highest Month Since Onset of Pandemic.
Allegiant Travel - Forward Bookings Outpacing Future Capacity Growth and Continuing to Trend Higher Than Levels Observed During 2019.
Allegiant Travel Co - Bookings Into Off-peak Season Are Also Trending Higher Than 2019.
Allegiant Travel Co - Continue to Expect June Loads to Surpass May Levels, With Loads Expected to Be Roughly 90 Percent.
Allegiant Travel Co - As Covid Cases Began Rising Mid-may, We Saw an Increase in Flight Cancelations Stemming From Crew Availability.
Allegiant Travel - Due to Heightened Cancelations, Expect Total Revenue for Quarter to Come in on Low End of Previous Guide, at Up Roughly 28% Versus 2019.
Allegiant Travel - in Addition, Now Expect Total System Capacity to Be Up Roughly 11.5 Percent for Quarter, Year Over Three-year.
Allegiant Travel Co - Now Expect to Finish Quarter at Average Cost per Fuel Gallon of $4.30.
Allegiant Travel - Increased Fuel Cost Over Previous Guide of $4.00 per Gallon Will Result in Roughly $18 Million in Excess Expense Throughout Quarter.
Revenue is expected to be $642.92 Million
Adjusted EPS is expected to be $2.39

Next Quarter Revenue Guidance is expected to be $592.33 Million
Next Quarter EPS Guidance is expected to be $1.24

More details on our Analysts Page.