Yahoo Finance Allegiant's (ALGT) Traffic & Load Factor Rise in November
Allegiant Travel Company ALGT reported traffic numbers for November. Traffic for the total system — including scheduled service and fixed fee contract — measured in revenue passenger miles (RPMs), increased 12.8% on a year-over-year basis to 879.46 million. System capacity, calculated in available seat miles (ASMs), improved 10.6% to 1.08 billion in the month.
With traffic growth outpacing capacity expansion, load factor (percentage of seats filled with passengers) improved 160 basis points year over year to 81.5%.
Allegiant’s passenger count rose 12.8% in November. Its system-wide average fuel cost per gallon was approximately $2.05 in the month.
Allegiant Travel Company Price
Allegiant Travel Company Price | Allegiant Travel Company Quote
The company estimates system-wide capacity growth for the fourth quarter of 2017 in the band of 10-12%, up from the former prediction of 9-13% rise. The metric is projected to grow further in the 10-14% range in the first quarter of 2018, unchanged from its previous prediction.
The company anticipates departures for the fourth quarter to increase in the range of 9-11%. Earlier guidance had called for a rise of 7-11% in the metric. For the first quarter of 2018, the metric is likely to increase in the 8-12% band, unaltered from the past outlook.
The company’s total revenue per scheduled ASM (TRASM) view for the fourth quarter remains unchanged in the range of a decline of 1% to a rise of 1%.
Zacks Rank & Key Picks
Allegiant carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are Gol Linhas Aereas Inteligentes S.A. GOL, International Consolidated Airlines Group SA ICAGY and Deutsche Lufthansa AG DLAKY. While Gol Linhas and International Consolidated Airlines sport a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Gol Linhas, International Consolidated Airlines and Deutsche Lufthansa have soared more than 200%, 50% and 100%, respectively, in a year.
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