Allegiant Travel reports February system traffic up 62.4% y/y

• Allegiant Travel (NASDAQ:ALGT) reports total system passengers +8.4% to 1,105,652 vs. February 2019 and +62.4% Y/Y.
• Scheduled service revenue passenger miles +11.9% to 1066.5M vs. February 2019 and +66.7% Y/Y.
• Scheduled load factor increased 25,000 bps Y/Y to 77.8%.
• Total system capacity increased 13.8% Y/Y to 1.39B available seat miles during the month and +18.6% vs. February 2019.
• Departures grew 9.3% for the month.
• The estimated average fuel cost per gallon was $2.92 for the month.