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Allegiant's (ALGT) Traffic & Load Factor Rise in November
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Allegiant Travel Company (ALGT - Free Report) 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.
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. , International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . While Gol Linhas and International Consolidated Airlines sport a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa carries a Zacks Rank #2 (Buy). You can seethe 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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Allegiant's (ALGT) Traffic & Load Factor Rise in November
Allegiant Travel Company (ALGT - Free Report) 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. , International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . 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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>