Allegiant Reports February 2025 Traffic

Core Insights - Allegiant Travel Company is experiencing softness in leisure demand during shoulder and off-peak periods, while peak weeks in March are performing strongly with TRASM nearly in line with the previous year despite significant growth [2] - The company expects first quarter TRASM to decline by just over seven percent year-over-year and is reducing its full-year capacity forecast from an increase of 17 percent to 13 percent [2] - Better-than-expected cost performance is anticipated, with consolidated earnings per share expected to be around $1.50, and the airline contributing approximately$1.75 per share [2] Passenger Traffic Results - In February 2025, Allegiant reported 1,280,034 passengers, a 2.9% increase from 1,243,576 passengers in February 2024 [4] - Revenue passenger miles increased by 4.7% to 1,249,948, while available seat miles rose by 10.7% to 1,573,230 [4] - The load factor decreased by 4.5 percentage points to 79.5%, with departures increasing by 9.7% to 9,390 [4] Total System Performance - Total system passengers in February 2025 were 1,286,748, up 2.6% from 1,253,860 in February 2024 [4] - Available seat miles for the total system increased by 10.6% to 1,610,101, and departures rose by 9.4% to 9,676 [4] - The average stage length increased by 2.3% to 946 miles [4] Financial Metrics - The estimated average fuel cost per gallon for February 2025 is $2.70 [6] - Allegiant is focused on connecting customers from small-to-medium cities to vacation destinations with low average fares [6]