Allegiant Travel Company has reported strong air travel demand in its preliminary passenger traffic report for August 2022. “We finished August with a nearly two-point improvement in loads as compared with August of 2019, on 14.6 percent more capacity,” said Drew Wells, senior vice president, revenue. “We were on track to come in above our revenue guide of up 29 percent, year over three-year,” he added.
Speaking on the impact of Hurricane Ian, Drew said that the impact is likely to bring the revenue guide down by 1.5% points.
Gregory Anderson, president, and chief financial officer said: “Over the past several days our HQ and Florida-based team members have been preparing for Hurricane Ian. We communicated early with customers and provided re-accommodations at no charge, including refunds to give them time to adjust travel plans.
All-in-all, Allegiant expects headwinds in the coming few months.