Allegiant Travel Company has reported a 4.2% increase in scheduled passenger traffic for September 2021 compared to September 2019, carrying 803,349 passengers. For total system traffic, numbers over 2019 totals rose by 3.7% to 829,029 passengers.
For the quarter period, passenger traffic was up by 2.2% over 2019 levels to a total of 3,834,956 passengers.
"We finished the quarter with capacity up just over 14 percent as compared with 2019," stated Gregory Anderson, executive vice president and chief financial officer. "We expect total revenue to be up roughly 5.3 percent when compared with 2019, just above our updated guidance of up three to five percent. Revenue strength was driven primarily by better than expected bookings during the back half of September. Despite a more favourable revenue environment, we are updating our adjusted EBITDA margin guidance to 15.5 to 16.5 percent. The updated range is primarily attributable to higher than anticipated irregular operations costs. Excluding heightened levels of irregular operations costs, adjusted EBITDA margin would have been roughly 24 percent.