Las Vegas based Allegiant Travel Company recently disclosed their August 2020 Traffic Reports. They’ve stated that they’ve seen daily bookings amounting to approximately $2 million in August while they anticipate a daily cash burn of over $1 million for the third quarter of 2020.
Allegiant further stated that they’ve seen a positive sign in recovery as there has been week over week improvements in daily bookings in August and into September and if the trend remains stable they anticipate daily cash burn to fall below $1 million in the fourth quarter of 2020.
Allegiant Passengers Carried
As seen on the above chart, like many other airlines Allegiant Air saw a significant fall in passengers transported from March onwards due to the COVID-19 Pandemic where they saw passengers fall by 97% YoY to 38,812 in April 2020. However, the airline saw positive signs as passengers carried increased month over month from May onwards.
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