We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Allegiant Travel June Traffic Rises, Q2 Guidance Bullish
Read MoreHide Full Article
Las Vegas, NV-based Allegiant Travel Company (ALGT - Free Report) has reported traffic numbers for the month of June. Traffic for the total system, which includes scheduled service and fixed fee contract and measured in revenue passenger miles (RPMs), increased 6.8% on a year-over-year basis to 1.11 billion.
System capacity, measured in available seat miles (ASMs), improved 7.6% in the month to 1.31 billion. With capacity growth outpacing the rise in traffic, load factor (percentage of seats filled with passengers) declined 70 basis points year over year to 84.6%. Allegiant’s passenger count rose 10.8% in Jun 2017.
Its system-wide average fuel cost per gallon was approximately $1.64 per gallon in Jun 2017. Additionally, the system-wide average fuel cost per gallon for the second quarter is estimated at $1.71. Detailed results are expected on Jul 26.
Allegiant expects the second quarter total revenue per scheduled ASM (TRASM) to increase in the range of 2.7-3.1%, up from its previous guidance of 1.5-3.5%. Cost per available seat mile, excluding fuel (CASM-ex fuel), is estimated to increase between 13.1-13.5% year over year in the second quarter, the previous forecast for which was 13-15%.
The company expects system-wide capacity growth for the third quarter of 2017 in the band of 3-7%. This metric is projected to grow further in the 9-13% range during the fourth quarter of 2017.
Shares of Air France-KLM, American Airlines and Delta Air Lines surged over 85%, 17% and 20% respectively, in the last three months.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Allegiant Travel June Traffic Rises, Q2 Guidance Bullish
Las Vegas, NV-based Allegiant Travel Company (ALGT - Free Report) has reported traffic numbers for the month of June. Traffic for the total system, which includes scheduled service and fixed fee contract and measured in revenue passenger miles (RPMs), increased 6.8% on a year-over-year basis to 1.11 billion.
System capacity, measured in available seat miles (ASMs), improved 7.6% in the month to 1.31 billion. With capacity growth outpacing the rise in traffic, load factor (percentage of seats filled with passengers) declined 70 basis points year over year to 84.6%. Allegiant’s passenger count rose 10.8% in Jun 2017.
Its system-wide average fuel cost per gallon was approximately $1.64 per gallon in Jun 2017. Additionally, the system-wide average fuel cost per gallon for the second quarter is estimated at $1.71. Detailed results are expected on Jul 26.
Allegiant expects the second quarter total revenue per scheduled ASM (TRASM) to increase in the range of 2.7-3.1%, up from its previous guidance of 1.5-3.5%. Cost per available seat mile, excluding fuel (CASM-ex fuel), is estimated to increase between 13.1-13.5% year over year in the second quarter, the previous forecast for which was 13-15%.
The company expects system-wide capacity growth for the third quarter of 2017 in the band of 3-7%. This metric is projected to grow further in the 9-13% range during the fourth quarter of 2017.
Allegiant Travel Company Price
Allegiant Travel Company Price | Allegiant Travel Company Quote
Zacks Rank & Key Picks
Allegiant currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Air France-KLM SA (AFLYY - Free Report) , American Airlines Group, Inc. (AAL - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, American Airlines and Delta Air Lines surged over 85%, 17% and 20% respectively, in the last three months.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>