Allegiant Reports December 2024 Traffic

Core Insights - Allegiant Travel Company reported a year-over-year increase in passenger traffic for December 2024, with 1,544,874 passengers, representing a 13.9% increase compared to December 2023 [1] - The company experienced a decline in passenger numbers for the fourth quarter and full year of 2024, with a decrease of 3.5% and 2.2% respectively compared to the same periods in 2023 [1] - The average fuel cost per gallon for December 2024 was estimated at $2.47, with the full-year average at$2.76 [3] Scheduled Service – Year Over Year Comparison - December 2024 saw 1,544,874 passengers, up from 1,356,025 in December 2023, a 13.9% increase [1] - Revenue passenger miles increased by 14.8% to 1,441,734, while available seat miles rose by 16.4% to 1,771,717 [1] - The load factor decreased by 1.1 percentage points to 81.4% [1] Fourth Quarter 2024 Results - Total passengers for the fourth quarter of 2024 were 3,927,423, down 3.5% from 4,067,855 in the fourth quarter of 2023 [1] - Revenue passenger miles decreased by 2.2% to 3,609,892, while available seat miles increased by 1.7% to 4,503,059 [1] - The load factor fell by 3.1 percentage points to 80.2% [1] Full Year 2024 Results - Full year 2024 passengers totaled 16,765,283, a decrease of 2.2% from 17,143,870 in 2023 [1] - Revenue passenger miles decreased by 2.1% to 15,303,737, while available seat miles increased by 0.6% to 18,314,867 [1] - The load factor decreased by 2.3 percentage points to 83.6% [1] Total System – Year Over Year Comparison - Total system passengers in December 2024 were 1,555,292, a 13.6% increase from 1,369,293 in December 2023 [1] - Available seat miles for December 2024 increased by 15.6% to 1,811,321 [1] - Departures rose by 16.1% to 11,452 [1] Financial Insights - The estimated average fuel cost per gallon for the fourth quarter of 2024 was $2.50 [3] - The full-year estimated average fuel cost per gallon was$2.76 [3]