Allegiant (ALGT) Traffic Up, Load Factor Falls In February
Zacks Investment Research | Mar 09, 2020 09:18PM ET
Allegiant Travel Company (NASDAQ:ALGT) reported mixed traffic numbers for February 2020. Traffic for scheduled service, measured in revenue passenger miles (RPMs), increased 18.3% on a year-over-year basis to 1.12 billion. Scheduled capacity, calculated in available seat miles (ASMs), also rose 20.5% to 1.37 billion in the month.
With capacity expansion exceeding traffic growth, load factor (percentage of seats filled with passengers) plunged 150 basis points year over year to 81.8%.
The number of departures for scheduled service climbed 20.9%. However, the average stage length (average distance flown per aircraft departure) dropped 0.7% to 902 miles in the same month. For the total system (including scheduled service and fixed fee contract), number of departures increased 19.8%, while the average stage length slipped 0.6%.
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