Allegiant reports rise in passengers, traffic & capacity for July vs. pre-pandemic levels

Aug. 30, 2022 3:04 PM ETAllegiant Travel Company (ALGT)By: Anuron Mitra, SA News Editor

Allegiant Air Airbus A319

Angel Di Bilio/iStock Editorial via Getty Images

  • Allegiant Travel (NASDAQ:ALGT) on Tuesday reported a rise in passengers, traffic and capacity for July 2022 compared to July 2019 from before the COVID-19 pandemic.
  • ALGT posted preliminary numbers that showed it flew 1.94M total system passengers in July compared to 1.75M in July 2019.
  • ALGT said July preliminary traffic, or revenue passenger miles, for scheduled service rose 15.4% from July 2019 to 1.71B.
  • ALGT's July preliminary capacity, or available seat miles, for total system gained 11.6% from July 2019 to 1.93B.
  • Scheduled service load factor for July was 90.5%, compared to 88.2% for July 2019.
  • ALGT said its estimated average fuel cost per gallon for July was $4.05.
  • Allegiant (ALGT) stock +2.9% to $98.87 in afternoon trading

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