Yahoo Finance Allegiant's (ALGT) Traffic & Load Factor Rise in January
Allegiant Travel Company ALGT reported impressive traffic figures for January. Traffic for scheduled service, measured in revenue passenger miles (RPMs), increased 12.6% on a year-over-year basis to 964.77 million. Scheduled capacity, calculated in available seat miles (ASMs), also rose 11.9% to 1.18 billion in the month.
With traffic growth exceeding capacity expansion, load factor (percentage of seats filled with passengers) inched up 50 basis points year over year to 81.8%.
The number of departures for scheduled service climbed 14.6%. However, the average stage length (average distance flown per aircraft departure) dipped 2.3% to 880 miles in the same month. For the total system (including scheduled service and fixed fee contract), number of departures ascended 15.8% while the average stage length slipped 2.3%.
Allegiant Travel Company Price
Allegiant Travel Company price | Allegiant Travel Company Quote
Allegiant’s passenger count for scheduled service augmented 14.7% in January. The same for total system increased 14.9% as well. Additionally, total system ASMs rose 13% year over year in the month. The company's system-wide average fuel cost per gallon was $2.20 in the same period, higher than $2.18 in December.
Zacks Rank & Key Picks
Allegiant carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Azul S.A. AZUL, Controladora Vuela Compania de Aviacion, S.A.B. de C.V. VLRS and Delta Air Lines, Inc. DAL, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Azul, Controladora Vuela and Delta have rallied more than 34%, 72% and 15%, respectively, in a year.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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AZUL SA (AZUL) : Free Stock Analysis Report
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