Category Archives: Allegiant Air

Allegiant reports a net profit of $66.3 million in the third quarter, new routes from Akron/Canton

Allegiant Travel Company today reported the following financial results for the third quarter 2021, as well as comparisons to the prior years:

Consolidated Three Months Ended September 30, Percent Change
(unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y
Total operating revenue $ 459.5 $ 201.0 $ 436.5 128.6 % 5.3 %
Total operating expense 393.2 234.1 364.4 68.0 7.9
Operating income (loss) 66.3 (33.1) 72.1 300.4 (8.1)
Income (loss) before income taxes 50.2 (44.7) 56.9 212.4 (11.7)
Net income (loss) 39.3 (29.1) 43.9 234.7 (10.6)
Diluted earnings (loss) per share $ 2.18 $ (1.82) $ 2.70 219.8 (19.3)

 

Nine Months Ended September 30, Percent Change
(unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y
Total operating revenue $ 1,211.0 $ 743.5 $ 1,379.9 62.9 % (12.2) %
Total operating expense 981.3 1,000.8 1,108.6 (2.0) (11.5)
Operating income (loss) 229.7 (257.3) 271.3 189.3 (15.3)
Income (loss) before income taxes 181.5 (321.9) 222.6 156.4 (18.5)
Net income (loss) 141.2 (155.3) 171.6 190.9 (17.7)
Diluted earnings (loss) per share $ 8.18 $ (9.75) $ 10.54 183.9 (22.4)

 

Consolidated – adjusted Three Months Ended September 30, Percent Change
(unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y
Adjusted operating expense (1) (2) $ 428.0 $ 278.4 $ 364.4 53.7 % 17.5 %
Adjusted operating income (loss) (1) (2) 31.5 (77.4) 72.1 140.7 (56.3)
Adjusted income (loss) before income taxes (1) (2) 15.4 (89.0) 56.9 117.3 (72.9)
Adjusted net income (loss) (1) (2) 11.9 (68.5) 43.9 117.4 (72.9)
Adjusted diluted earnings (loss) per share (1) (2) $ 0.66 $ (4.28) $ 2.70 115.4 (75.6)

 

Nine Months Ended September 30, Percent Change
(unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y
Adjusted operating expense (1) (2) $ 1,144.7 $ 872.3 $ 1,108.6 31.2 % 3.3 %
Adjusted operating income (loss) (1) (2) 66.3 (128.8) 271.3 151.5 (75.6)
Adjusted income (loss) before income taxes (1) (2) 18.1 (166.8) 222.6 110.9 (91.9)
Adjusted net income (loss) (1) (2) 14.0 (128.4) 171.6 110.9 (91.8)
Adjusted diluted earnings (loss) per share (1) (2) $ 0.82 $ (8.07) $ 10.54 110.2 (92.2)
(1) Adjusted numbers exclude COVID related special charges, the net benefit from the payroll support programs (PSPs), and bonus accruals
(2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information

We finished the quarter with earnings per share of $2.18, our second consecutive quarter of profitability since the onset of the pandemic,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. “Third quarter total operating revenue was up 5.3 percent year over two-year making us one of the only domestic carriers to grow revenue from pre-pandemic levels. While demand was strong during our peak summer travel period, we experienced a slowdown as the delta variant spiked, but have since seen the demand curve ramp back up. Yields held up nicely, considering the effects of the delta variant, down less than six percent on scheduled service capacity increases of 17 percent. Third-party revenue continues to outperform, up 32.0 percent on a per passenger basis compared with 2019.

“Despite the favorable revenue environment, the operation continues to present challenges, as noted by several of our peers as well. Prior to COVID, the operation was a well-oiled machine – things ran smoothly. Fast forward to today, and we are operating in a different environment. The over-heated economy, continuing impacts of COVID, plus difficult labor environment created a perfect storm of challenges, including cancellations and delays over the past several months. We have a strong compensation approach for our interrupted passengers. We reimburse our customers for the inconvenience we have caused via prepaid credit cards or ACH deposits. Given the volume of our interruptions this past quarter, this was a meaningful amount. As a result, our third quarter adjusted CASM, excluding fuel, was 6.97 cents, 4.3 percent higher year over two-year. Excluding these costs for irregular operations, I was pleased that our adjusted CASM, excluding fuel was below the third quarter of 2019. As we head into the holiday season, job one is managing our operational integrity. We’ve scaled back on some peak day travel to mitigate the risk of cancellations. We now expect fourth quarter capacity to be up 12 percent from 2019.

“In regards to 2022 growth plans, it’s too early to provide specific numbers. At a minimum, growth will mirror our historical low, double-digit rate. However, if fuel continues to increase, we will moderate capacity accordingly. Uncertainty around the labor market is another growth factor we are watching. In the coming months, we will closely monitor the operational environment and our personnel availability. The flexibility of our model will continue to be vital as we respond to these differing environmental factors. We will have more insights at our next call.

“Although we have faced recent operational challenges, the business is in great shape. The balance sheet is stronger than ever with total liquidity of $1.1 billion and net debt of roughly $500 million. We’ve proven the resiliency of the model in both good times and bad, including high fuel cost environments. I am optimistic about the future. Our runway of potential routes continues to exceed 1,000. We’ve identified untapped revenue potential within third-party sales and are pleased to see positive trends from our newly launched loyalty program, Allways Rewards – both will contribute bottom line results in the coming years. Additionally, we resumed construction on Sunseeker Resorts with an anticipated opening date during the first quarter of 2023 as well as closed on $350 million of construction financing. We are excited to see this project come to fruition.

“The last several months have been challenging for our team members. The operational environment has created added stress, yet they have continued to work hard, putting our customers’ needs and safety first. I cannot thank them enough for their efforts. Relief is on the horizon as we are aggressively hiring more frontline employees. The future for Allegiant is very bright. We would not be in the favorable position we find ourselves in today without our team members’ hard work and dedication.”

Third Quarter 2021 Results

  • GAAP diluted earnings per share of $2.18
    • Adjusted diluted earnings per share(1) (2) (3) of $0.66
  • Consolidated EBITDA(2) (3) of $112.5 million yielding an EBITDA margin of 24.5 percent
    • Adjusted EBITDA(1) (2) (3) of $77.7 million yielding an adjusted EBITDA margin of 16.9 percent
  • Total operating revenue was $459.5 million, up 5.3 percent when compared with the third quarter of 2019
    • One of the first domestic carriers to achieve year over two-year revenue increases since the onset of the pandemic
    • Yield remained strong throughout the quarter down only 5.9 percent year over two-year on scheduled service capacity increases of 17.0 percent
  • Total average fare of $116.91, up 7.2 percent year over two-year
    • Total ancillary average fare of $64.85, up 18.2 percent from 2019 driven primarily by air ancillary bundles, website redesign, rental car rate strength, and increased cobrand activity
  • Continued sequential improvement in load factor, which came in at 76.6 percent, up 6 percentage points from the second quarter
    • Third quarter peak period load factor exceeded 80 percent
    • TRASM of 10.40 cents, down 6.3 percent year over two-year on scheduled service capacity increases of 17.0 percent
  • Adjusted operating CASM, excluding fuel of 6.97 cents, up 4.3 percent when compared with the third quarter of 2019, driven primarily by costs related to increased irregular operations

Third Quarter 2021 Highlights

  • Expanded the network by adding 25 new routes with one new city, Minneapolis-St. Paul, and two new bases, Appleton and Flint, bringing total routes served to 598 and 132 cities
    • List of potential incremental routes to add to the network continues to exceed 1,000
  • Allegiant World Mastercard voted USA Today Readers’ Choice Best Airline Co-Branded Credit Card for the third consecutive year
    • Full-year 2021 total revenue related to the cobrand program on track to outpace 2019
    • Two months during the third quarter ranked in the top five highest cardholder acquisition months since the inception of the program in 2016
    • Completed the quarter with nearly 275 thousand active cardholders, up 49 percent from the third quarter of 2019
    • Average annual spend for cardholders is more than twice that of non-cardholders
  • Launched the Allways Rewards program during the quarter with over 13 million active members
  • Partnered with Women In Aviation Las Vegas to sponsor Girls in Aviation Day at McCarran International Airport
  • Resumed providing in-kind travel for Make-A-Wish kids and their families during the third quarter

(1) Adjusted numbers exclude COVID related special charges, the net benefit from the payroll support programs, and bonus accruals
(2) Denotes a non-GAAP financial measure.
(3) Refer to the Non-GAAP Presentation section within this document for further information

Balance Sheet, Cash and Liquidity

  • Total cash and investments at September 30, 2021 were $1.1 billion
  • Received $21 million federal tax refund related to 2020 net operating losses
    • Received $116 million in federal tax refunds in October related to 2020 net operating losses
  • Debt principal payments of $40 million during the quarter
  • $40 million used for cash capital expenditures
  • Third quarter interest expense of $17 million, down 15 percent year over two-year
  • Air traffic liability at September 30, 2021 was $352 million
    • Balance related to future scheduled flights is $246 million
    • Balance related to travel vouchers issued for future use is $106 million, a 19 percent reduction from June 30, 2021

Capital Expenditures

  • Third quarter capital expenditures related to aircraft, engines and induction costs were $9 million and $18 million in other airline capital expenditures
    • $9 million related primarily to aircraft induction costs
  • Third quarter expenditures related to deferred heavy maintenance were $15 million

Sunseeker Resort

  • Resumed construction with an anticipated completion date of the first quarter of 2023
  • Secured financing with Castlelake, L.P. to fund up to $350 million of construction with $175 million expected to be drawn by the end of October
  • Third quarter capital expenditures related to the project were $13 million

 

Guidance, subject to revision Previous Current
Fourth Quarter 2021 guidance
System ASMs – year over two-year change(1) 10.0 to 14.0%
Scheduled Service  ASMs – year over two-year change(1) 12.0 to 16.0%
Total operating revenue – year over two-year change (1)  0.5% to 4.0%
Fuel cost per gallon 2.55
Full year 2021 guidance
Airline CAPEX
Aircraft, engines and induction costs (millions) $115 to $125 $115 to $125
Capitalized deferred heavy maintenance (millions) $50 to $60 $50 to $60
Other airline capital expenditures (millions) $40 to $50 $60 to $70
Sunseeker Resorts Project 
2021 project spend (millions) $50 to $55
Interest expense $65 to $70 $65 to $70
Recurring principal payments(2) $170 to $180 $170 to $180
(1) Year over two-year percentage changes compare 2021 to 2019
(2) Excludes $111 million of principal repayments related to the maturity of our revolving credit facility and the refinancing of three A320 aircraft during the first quarter 2021

Aircraft Fleet Plan by End of Period

Aircraft – (seats per AC) 1Q21 2Q21 3Q21 YE21
A319 (156 seats) 35 35 35 35
A320 (177 seats) 26 23 23 22
A320 (186 seats) 39 45 48 51
Total 100 103 106 108

The table above is provided based on the company’s current plans and is subject to change

In other news, the airline announced new routes from Akron/Canton:

Allegiant Announces Vote To Ratify Maintenace Technicians Contract With International Brotherhood Of Teamsters

Allegiant Air today announced that maintenance technician and related employees represented by the International Brotherhood of Teamsters (IBT) have voted to ratify their first collective bargaining agreement with the company.

The contract is effective from the date of ratification – October 26, 2021 – for a five-year term.  Allegiant currently employs 415 maintenance technician and related employees – a group which includes line and heavy maintenance technicians, as well as stores employees and some administrative maintenance staff.

The process of negotiating a first collective bargaining agreement for Allegiant maintenance technician and related employees began in January 2019. The parties had temporarily suspended negotiations due to the onset of the COVID-19 pandemic, and talks resumed in September 2020. The International Brotherhood of Teamsters was most recently certified as the group’s exclusive representative on March 7, 2018.

Allegiant introduces a “Ron’s Gone Wrong” logo jet

Allegiant Air, 20th Century Studios and Locksmith Animation are celebrating the power of true connection with the release of Ron’s Gone Wrong, a new animated adventure comedy debuting in theaters on October 22.

From late September through November, Allegiant customers and fans can join the story of Barney, a socially awkward middle-schooler, and Ron – a walking, talking digitally-connected device whose malfunctions lead to a hilarious, perilous action-packed adventure – through special inflight features and surprises, and an online sweepstakes*.

Fans can watch the skies for a special Ron’s Gone Wrong-themed aircraft (Airbus A320-214 N220NV), featuring larger-than-life images of the film’s heroic duo on the fuselage.

On board every Allegiant flight, passengers will go behind-the-scenes with filmmaker Sarah Smith in an exclusive feature interview in the airline’s Sunseeker Magazine. Flyers will also enjoy fun surprises like movie-themed napkins and a special Ron’s Gone Wrong kids’ snack pack, available for inflight purchase while supplies last. Allegiant will donate $1 from every Ron’s Gone Wrong snack pack purchase from Sept. 9 through Oct. 9, 2021 to Make-A-Wish®.

Celebrating the film’s theme of taking time away from technology to make a true connection, Allegiant is offering families their own opportunity to reconnect by presenting the Disconnect to Reconnect Flyaway Sweepstakes. From Oct. 4 -22, fans can enter for a chance to win a grand prize of $1,000 in travel vouchers for tickets to the Allegiant vacation destination of their choice, tickets to see Ron’s Gone Wrong in their local theater, and a $100 Visa gift card for a family night out (or in!). Five additional winners will receive a $500 voucher for tickets to the Allegiant destination of their choice. Fans can enter the sweepstakes online at Allegiant.com/RonsGoneWrong.

About Ron’s Gone Wrong

20th Century Studios and Locksmith Animation’s “Ron’s Gone Wrong” is the story of Barney, a socially awkward middle-schooler and Ron, his new walking, talking, digitally-connected device, which is supposed to be his “Best Friend out of the Box.” Ron’s hilarious malfunctions set against the backdrop of the social media age, launch them into an action-packed journey in which boy and robot come to terms with the wonderful messiness of true friendship. “Ron’s Gone Wrong” features the voices of Zach Galifianakis (“A Wrinkle in Time”), Jack Dylan Grazer (“Shazam!”), Ed Helms (“The Office”), Olivia Colman (“The Crown”), Justice Smith (“Jurassic World: Fallen Kingdom”), Rob Delaney (“Deadpool 2”), Kylie Cantrall (“Gabby Duran and the Unsittables”), Ricardo Hurtado (“The Goldbergs”), Marcus Scribner (“Black-ish”), Thomas Barbusca (“Chad”). The film is directed by Sarah Smith (“Arthur Christmas”)  and Pixar veteran Jean-Philippe Vine (story artist on “Cars 3” and “The Good Dinosaur”) with Octavio E. Rodriguez (story artist on “Coco” and “The Incredibles 2”) co-directing. The script is written by Peter Baynham (“Arthur Christmas,” “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” “Borat: Subsequent Moviefilm”) & Smith. Julie Lockhart (“Shaun the Sheep Movie,” “The Pirates! Band of Misfits”), also a co-founder of Locksmith, and Lara Breay produce, with Locksmith chairman Elisabeth Murdoch, Smith and Baynham serving as executive producers.

Video:

Allegiant Air reports a softening in demand for August

"Official Domestic Airline of the Vegas Golden Knights"

Allegiant Travel Company today reported preliminary passenger traffic results for August 2021. 

“As we have transitioned from our peak summer flying season into the off-peak fall season we have seen a softening in demand,” stated Drew Wells, senior vice president, revenue. “Consistent with industry trends, the increase in COVID-19 cases coupled with return to school and work for many has contributed to an increase in cancellations and a deceleration of demand. The off-peak periods continue to underperform, while peak periods remain strong, a trend that has persisted throughout the pandemic. By way of example, Labor Day weekend performed well with load factors of roughly 80 percent on peak days, consistent with levels observed in 2019.”

“We expect third quarter capacity to be up roughly 13.5 percent as compared with 2019, a 4.5 percentage point reduction from initial expectations,” stated Gregory Anderson, executive vice president, chief financial officer. “Although we did observe demand weakness, these reductions were driven primarily by operational challenges observed throughout the quarter. Given these capacity reductions, we have updated our guidance, which is included in the table below. We expect an increase in total operating revenue from 2019 of between 3.0 and 5.0 percent, which should yield an adjusted1 EBITDA margin between 16 and 18 percent for the third quarter. We will continue to monitor trends and tweak fourth quarter capacity accordingly but given peak-period performance, we remain encouraged about the upcoming holiday travel season.”

Previous Current
System ASMs – year over two-year change2 Up 16.0 to 20.0% Up 13.0 to 14.0%
Total operating revenue – year over two-year change Up 3.5 to 7.5% Up 3.0 to 5.0%
Adjusted¹ EBITDA margin N/A 16.0 to 18.0%
Fuel cost per gallon $2.11 $2.19
Weighted average share count for the third quarter 17.1 million 17.8 million

Scheduled Service – Year Over Two-Year Comparison

August 2021 August 2019 Change
Passengers 1,179,414 1,241,846 (5.0%)
Revenue passenger miles (000) 1,021,613 1,047,568 (2.5%)
Available seat miles (000) 1,377,398 1,229,543 12.0%
Load factor 74.2% 85.2% (11.0 pts)
Departures 9,451 8,768 7.8%
Average stage length (miles) 835 822 1.6%

Total System* – Year Over Two-Year Comparison

August 2021 August 2019 Change
Passengers 1,185,944 1,256,712 (5.6%)
Available seat miles (000) 1,408,554 1,306,860 7.8%
Departures 9,725 9,294 4.6%
Average stage length (miles) 830 824 0.7%

Scheduled Service – Year Over Year Comparison

August 2021 August 2020 Change
Passengers 1,179,414 633,155 86.3%
Revenue passenger miles (000) 1,021,613 540,317 89.1%
Available seat miles (000) 1,377,398 1,226,370 12.3%
Load factor 74.2% 44.1% 30.1pts
Departures 9,451 8,455 11.8%
Average stage length (miles) 835 835 (0.0%)

Total System* – Year Over Year Comparison

August 2021 August 2020 Change
Passengers 1,185,944 636,485 86.3%
Available seat miles (000) 1,408,554 1,252,758 12.4%
Departures 9,725 8,669 12.2%
Average stage length (miles) 830 833 (0.4%)

*Total system includes scheduled service and fixed fee contract.  System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs.  Fixed fee flying is better measured through dollar contribution versus operational statistics.

Preliminary Financial Results

$ per gallon
August 2021 estimated average fuel cost per gallon – system $2.18

Top Copyright Photo: Allegiant Air Airbus A319-112 N302NV (msn 2387) (Vegas Golden Knights) TUS (Fernandez Imaging). Image: 954949.

Allegiant Air aircraft slide show:

Allegiant introduces an Airbus A319 “Raider Nation” NFL logo jet

Allegiant Air made this announcement:

Executives from the Las Vegas Raiders and McCarran International Airport joined Allegiant Air today to introduce the airline’s Raiders livery aircraft – a one-of-a-kind sleek Silver and Black jet designed to capture the spirit and strength of Raider Nation.

Photo: Airbus A319-111 N328NV (msn 2821) (Allegiant Air/Las Vegas Raiders).

“As die-hard fans know, ‘The Autumn Wind is a Raider,'” said Scott DeAngelo, Allegiant’s executive vice president and chief marketing officer. “As football season rolls in this fall, we’re thrilled to have ‘The Autumn Wind’ bring this stunning aircraft to Las Vegas for all fans to enjoy. As Las Vegas’ hometown airline, we’re incredibly proud of our partnership with our hometown team. This distinctive jet brings together signature elements of both our brands, combining them to showcase our shared community pride.”

The one-of-a-kind livery was designed to have a strong, powerful presence in Allegiant’s fleet – as the Raiders do both on the field and in the Las Vegas community. The design incorporates Allegiant’s signature livery elements – flowing ribbon encircling the fuselage, prominent logo and sunburst tail – but washed in the Silver & Black recognized throughout the world as representing the Raiders. The silver metallic paint was carefully matched to the team’s distinctive helmets, and the engine cowlings call out Raider Nation, symbolizing the lift an incredible international fan base gives to this legendary franchise.

Allegiant is the Official Airline of the Las Vegas Raiders and the Naming Rights Partner for Allegiant Stadium.

The Raiders livery aircraft arrives just as football season gets underway and will undoubtedly carry fans as they travel to Las Vegas to attend games at Allegiant Stadium.

Unlike most other airlines, Allegiant operates an “out-and-back” network, with exclusively nonstop flights – meaning each day’s flying starts and ends at a base, rather than connecting traffic through busy hub airports. The Raiders-themed aircraft will be based in Las Vegas. It joins Allegiant’s all-Airbus fleet, carrying scheduled passengers to Southern Nevada and destinations across the airline’s network.

Allegiant introduces “Allways Rewards”

Allegiant Air today launched the travel company’s signature non-credit card loyalty program, Allways Rewards. The first airline loyalty program designed specifically for leisure travelers, Allways brings together the best of tech, travel and retail – providing continuous opportunities for customers to earn and redeem points – without restrictions, blackout dates or mileage tracking. In addition to opportunities to redeem points for flights, lodging and rental cars, the program leverages Allegiant’s partnerships to bring unique rewards to members, including sports and live music event tickets and exclusive experiences.

The program rollout will be accompanied by the Allways Rewards Launch Sweepstakes, starting September 3. One grand prize winner will receive a year of concert tickets, along with a pair of tickets to eight NFL Las Vegas Raiders home football games, beginning when the Silver and Black host the Miami Dolphins on September 29 at Allegiant Stadium. The grand prize winner will also receive vouchers for travel to Las Vegas or any other Allegiant destination. Those who enroll in the program by September 13 will be automatically entered to win.

“We designed Allways Rewards specifically to have an immediate personal impact for our customers. It was truly inspired by the best innovative technology and retail programs that make earning, tracking and using rewards incredibly easy,” said Scott DeAngelo, Allegiant executive vice president and chief marketing officer.  “It’s a generational departure from traditional miles-based airline loyalty, which exclusively addresses high-mileage business travelers with long layovers in airport lounges.”

“This program is about always earning, redeeming and getting something in return – without having to calculate miles, or worry about exceptions like blackout dates and point expiration,” he continued.  “It specifically benefits the way that leisure travelers fly, where they stay, and how they play.

Allways Rewards is a tech-forward program based on a user-friendly, points-based system. Members receive one point for every dollar spent at Allegiant.com, and two points per $1 for spending over $500 (excluding taxes and fees). Points are available for use 72 hours after travel on Allegiant, and are redeemed at .01 per point.  There are no blackout dates or usage fees and no minimum requirements for redemption. Points have no expiration for members who purchase travel with Allegiant within 24 months.  Members will have the ability to combine Allways Rewards points with vouchers or promo codes seamlessly. And unlike most travel reward programs, points are awarded to the buyer rather than to an individual traveler. This means the Allways member will receive full credit for purchasing family travel, not just the cost of their own ticket.

In another central benefit to be added later this year, Allways members will receive a five percent discount on all airfare purchased at Allegiant.com. Members will also see a host of special promotions and discounts on travel offered via a personalized online portal, as well as access to exclusive member benefits under the Allways All-Access banner, including Ticketmaster ticket cash, event ticket giveaways and promotions, opportunities to earn and redeem on live music and sports event ticket purchases, special artist experiences and more.

The program is designed to integrate seamlessly with the Allegiant World Mastercard®, which debuts a new Allways-branded look this month. Launched in 2016, the card has been named USA Today 10Best Readers’ Choice / Best Airline Co-Brand Credit Card for 2019 and 2020.  Cardholders will be automatically enrolled in Allways Rewards, and will enjoy additional benefits offered to cardholders.

Allegiant’s July 2021 traffic exceeds July 2019 traffic by 6.4%

Allegiant Air Airbus A319-111 N319NV (msn 2503) LAS (Gunter Mayer). Image: 954241.

Allegiant Travel Company (Allegiant Air) today reported preliminary passenger traffic results for July 2021. Its traffic is now about 2019 results, before the pandemic impacted travel.

Scheduled Service – Year Over Two-Year Comparison

July 2021 July 2019 Change
Passengers 1,852,193 1,740,997 6.4%
Revenue passenger miles (000) 1,591,306 1,483,724 7.3%
Available seat miles (000) 1,957,736 1,682,024 16.4%
Load factor 81.3% 88.2% (6.9pts)
Departures 13,428 11,832 13.5%
Average stage length (miles) 834 834 0.0%

Total System* – Year Over Two-Year Comparison

July 2021 July 2019 Change
Passengers 1,857,678 1,750,065 6.1%
Available seat miles (000) 1,982,157 1,725,577 14.9%
Departures 13,634 12,165 12.1%
Average stage length (miles) 832 833 (0.1%)

Scheduled Service – Year Over Year Comparison

July 2021 July 2020 Change
Passengers 1,852,193 894,679 107.0%
Revenue passenger miles (000) 1,591,306 768,714 107.0%
Available seat miles (000) 1,957,736 1,516,821 29.1%
Load factor 81.3% 50.7% 30.6pts
Departures 13,428 10,370 29.5%
Average stage length (miles) 834 843 (1.1%)

Total System* – Year Over Year Comparison

July 2021 July 2020 Change
Passengers 1,857,678 896,478 107.2%
Available seat miles (000) 1,982,157 1,533,852 29.2%
Departures 13,634 10,559 29.1%
Average stage length (miles) 832 838 (0.7%)

*Total system includes scheduled service and fixed fee contract.  System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs.  Fixed fee flying is better measured through dollar contribution versus operational statistics.

Preliminary Financial Results

$ per gallon
July 2021 estimated average fuel cost per gallon – system $2.19

Top Copyright Photo: Allegiant Air Airbus A319-111 N319NV (msn 2503) LAS (Gunter Mayer). Image: 954241.

Allegiant Air aircraft slide show:

Allegiant to establish new bases at Flint and Appleton

Allegiant Travel Company (Allegiant Air) today announced plans to establish two new aircraft and crew bases during the first quarter of 2022, at Flint Bishop International Airport (FNT) (above) and Appleton International Airport (ATW) (below).

At Flint Bishop International Airport (FNT), Allegiant will begin base operations with three Airbus A320 aircraft and at least 89 crew members, maintenance technicians and support staff on February 16, 2022 – an investment of $75 million.

Allegiant began operating at FNT in 2016 and currently offers eight nonstop routes – to Orlando-Sanford, Fort Lauderdale, Punta Gorda, St. Pete-Clearwater and Sarasota, Florida.; Nashville, Tennessee; Las Vegas, Nevada and Phoenix/Mesa, Arizona (new service starting Nov. 18, 2021).  In 2019, Allegiant carried nearly 197,000 passengers through Flint.

At Appleton International Airport (ATW), a $50 million investment will include two locally-based Airbus A320 aircraft and bring at least 66 new jobs to the community. Allegiant will begin base operations at ATW on March 2, 2022.

Allegiant began service at ATW in 2008 and currently offers seven nonstop routes – to Orlando-Sanford, St. Pete-Clearwater and Punta Gorda, Florida; Nashville, Tennessee; Phoenix-Mesa, Arizona; Savannah, Georgia and Las Vegas. Allegiant in 2019 carried nearly 147,000 passengers through ATW.

Allegiant announces 22 new routes

Allegiant Air today announced 22 new nonstop routes, expanding service in 25 cities across the United States.

The new routes to Destin-Fort Walton Beach Airport (VPS) in Florida include:

  1. Minneapolis, Minnesota via Minneapolis-Saint Paul International Airport (MSP) – beginning Oct. 1, 2021 with one-way fares as low as $49.*
  2. Las Vegas, Nevada via McCarran International Airport (LAS) – beginning Oct. 7, 2021 with one-way fares as low as $39.*

The new routes to Phoenix-Mesa Gateway Airport (AZA) in Arizona include:

  1. Amarillo, Texas via Rick Husband Amarillo International Airport (AMA) – beginning Nov. 18, 2021 with one-way fares as low as $39.*
  2. Flint, Michigan via Flint Bishop International Airport (FNT) – beginning Nov. 18, 2021 with one-way fares as low as $59.*
  3. Springfield, Illinois via Abraham Lincoln Capital Airport (SPI) – beginning Nov. 18, 2021 with one-way fares as low as $59.*
  4. Tulsa, Oklahoma via Tulsa International Airport (TUL) – beginning Nov. 18, 2021 with one-way fares as low as $49.*
  5. Orange County, California via John Wayne Airport (SNA) – beginning Nov. 19, 2021 with one-way fares as low as $39.*
  6. Spokane, Washington via Spokane International Airport (GEG) – beginning Nov. 22, 2021 with one-way fares as low as $39.*
  7. Minneapolis, Minneapolis via Minneapolis-Saint Paul International Airport (MSP) – beginning Nov. 24, 2021 with one-way fares as low as $49.*

The new routes to Palm Springs International Airport (PSP) in California include:

  1. Des Moines, Iowa via Des Moines International Airport (DSM) – beginning Nov. 18, 2021 with fares as low as $59.*
  2. Indianapolis, Indiana via Indianapolis International Airport (IND) – beginning Nov. 18, 2021 with fares as low as $59.*
  3. Provo, Utah via Provo Airport (PVU) – beginning Nov. 19, 2021 with fares as low as $39.*

The new routes to Austin-Bergstrom International Airport (AUS) in Texas include:

  1. Punta Gorda, Florida via Punta Gorda Airport (PGD) – beginning Nov. 18, 2021 with one-way fares as low as $49.*
  2. Palm Beach, Florida via Palm Beach International Airport (PBI) – beginning Nov. 19, 2021 with fares as low as $49.*

The new routes to Minneapolis-Saint Paul International Airport (MSP) in Minnesota include:

  1. Destin, Florida via Destin-Fort Walton Beach Airport (VPS) – beginning Oct. 1, 2021 with one-way fares as low as $49.*
  2. Mesa, Arizona via Phoenix-Mesa Gateway Airport (AZA) – beginning Nov. 24, 2021 with one-way fares as low as $49.*

The new routes to Punta Gorda Airport (PGD) in Florida include:

  1. Bentonville, Arkansas via Northwest Arkansas National Airport (XNA) – beginning Nov. 17, 2021 with one-way fares as low as $49.*
  2. Austin, Texas via Austin-Bergstrom International Airport (AUS) – beginning Nov. 18, 2021 with fares as low as $49.*

The new routes to Provo Airport (PVU) in Utah include:

  1. Houston, Texas via William P. Hobby Airport (HOU) – beginning Nov. 18, 2021 with one-way fares as low as $39.*
  2. Palm Springs, California via Palm Springs International Airport (PSP) – beginning Nov. 19, 2021 with fares as low as $39.*

The new routes to John Wayne Airport (SNA) in California include:

  1. Mesa, Arizona via Phoenix-Mesa Gateway Airport (AZA) – beginning Nov. 19, 2021 with fares as low as $39.*
  2. Sioux Falls, South Dakota via Sioux Falls Regional Airport (FSD) – beginning Nov. 19, 2021 with one-way fares as low as $49.*

The new routes to Sioux Falls Regional Airport (FSD) in South Dakota include:

  1. Orange County, California via John Wayne Airport (SNA) – beginning Nov. 19, 2021 with one-way fares as low as $49.*
  2. Fort Lauderdale, Florida via Fort Lauderdale-Hollywood International Airport (FLL) – beginning Dec. 15, 2021 with one-way fares as low as $59.*

The new routes to Sarasota Bradenton International Airport (SRQ) in Florida include:

  1. Cedar Rapids, Iowa via The Eastern Iowa Airport (CID) – beginning Nov. 19, 2021 with one-way fares as low as $49.*
  2. Tulsa, Oklahoma via Tulsa International Airport (TUL) – beginning Dec. 15, 2021 with one-way fares as low as $49.*

The new routes to Fort Lauderdale-Hollywood International Airport (FLL) in Florida include:

  1. Sioux Falls, South Dakota via Sioux Falls Regional Airport (FSD) – beginning Dec. 15, 2021 with fares as low as $59.*
  2. Harrisburg, Pennsylvania via Harrisburg International Airport (MDT) – beginning Dec. 15, 2021 with fares as low as $59.*
  3. Peoria, Illinois via Peoria International Airport (PIA) – beginning Dec. 15, 2021 with fares as low as $59.*

ALC leases ten used Airbus A320s to Allegiant Air

Air Lease Corporation (ALC) announced on July 28 long-term lease placements for ten used Airbus A320-200 aircraft with Allegiant.

The aircraft are scheduled to be delivered to the airline beginning in the Fall 2021 through Summer 2022.