Take Flight with Allegiant: A Look at December 2024 Traffic Numbers
Exploring Allegiant Travel Company’s Latest Passenger Traffic Report
In a recent press release, Allegiant Travel Company (NASDAQ: ALGT) shared its preliminary passenger traffic results for December 2024. The data revealed some interesting insights into the airline’s performance, highlighting key metrics such as passenger numbers, revenue passenger miles, available seat miles, load factor, departures, and average stage length.
Scheduled Service – Year Over Year Comparison
Let’s dive into the year-over-year comparison for December 2024 and December 2023:
- Passengers: 1,544,874 in 2024 compared to 1,356,025 in 2023, marking a 13.9% increase.
- Revenue passenger miles: 1,441,734 in 2024 versus 1,255,868 in 2023, showing a 14.8% rise.
- Available seat miles: 1,771,717 in 2024 compared to 1,521,846 in 2023, indicating a 16.4% growth.
- Load factor: 81.4% in 2024 compared to 82.5% in 2023, a decrease of 1.1 percentage points.
- Departures: 11,117 in 2024 versus 9,527 in 2023, showing a 16.7% increase.
- Average stage length: 912 miles in 2024 compared to 903 miles in 2023, a 1.0% increase.
4th Quarter 2024
Looking at the fourth quarter of 2024 and comparing it to the same period in 2023:
- Passengers: 3,927,423 in 2024 compared to 4,067,855 in 2023, a decrease of 3.5%.
- Revenue passenger miles: 3,609,892 in 2024 versus 3,691,343 in 2023, a 2.2% decrease.
- Available seat miles: 4,503,059 in 2024 versus 4,429,826 in 2023, showing a 1.7% increase.
- Load factor: 80.2% in 2024 compared to 83.3% in 2023, a decrease of 3.1 percentage points.
- Departures: 28,617 in 2024 versus 28,244 in 2023, a 1.3% increase.
- Average stage length: 900 miles in 2024 compared to 887 miles in 2023, a 1.5% increase.
Full Year 2024
For the entire year of 2024 compared to 2023:
- Passengers: 16,765,283 in 2024 compared to 17,143,870 in 2023, a 2.2% decrease.
- Revenue passenger miles: 15,303,737 in 2024 versus 15,639,329 in 2023, a 2.1% decrease.
- Available seat miles: 18,314,867 in 2024 compared to 18,208,820 in 2023, a 0.6% increase.
- Load factor: 83.6% in 2024 compared to 85.9% in 2023, a 2.3 percentage point decrease.
- Departures: 116,441 in 2024 versus 116,044 in 2023, a 0.3% increase.
- Average stage length: 893 miles in 2024 compared to 888 miles in 2023, a 0.6% increase.
Total System* – Year Over Year Comparison
Now let’s examine the total system performance for December 2024 and December 2023:
- Passengers: 1,555,292 in 2024 compared to 1,369,293 in 2023, a 13.6% increase.
- Available seat miles: 1,811,321 in 2024 versus 1,566,296 in 2023, a 15.6% increase.
- Departures: 11,452 in 2024 compared to 9,868 in 2023, showing a 16.1% rise.
- Average stage length: 905 miles in 2024 compared to 897 miles in 2023, a 0.9% increase.
How Will These Numbers Affect Me?
As a traveler, these traffic numbers provide insight into Allegiant Travel Company’s performance and the overall demand for air travel. With a decrease in passengers for the full year of 2024 compared to 2023, there may be implications for ticket prices, flight availability, and overall customer experience. It’s crucial for passengers to stay informed about these trends to make informed travel decisions.
How Will These Numbers Affect the World?
On a larger scale, the performance of airlines like Allegiant Travel Company can impact the airline industry as a whole and the global economy. Changes in passenger numbers, revenue passenger miles, and load factors can reveal broader trends in consumer behavior, business travel, and economic stability. These numbers offer valuable insights into the health of the aviation industry and its role in connecting people and businesses around the world.
Conclusion
Overall, Allegiant Travel Company’s December 2024 traffic numbers shed light on the airline’s performance and the broader trends in the aviation industry. While there have been fluctuations in key metrics year over year, these numbers provide valuable insights for both travelers and industry analysts. Staying informed about these traffic numbers can help individuals make informed travel decisions and understand the larger impact of airline performance on the world economy.
