Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Ryanair Holdings PLC (RYAAY) - $25 value - yours FREE >>
Spirit Airlines, Inc. (SAVE) - $25 value - yours FREE >>
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.
Ryanair Holdings PLC (RYAAY) - $25 value - yours FREE >>
Spirit Airlines, Inc. (SAVE) - $25 value - yours FREE >>
Image: Bigstock
Allegiant (ALGT) Traffic Up, Load Factor Falls in February
Allegiant Travel Company (ALGT - Free Report) 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%.
Allegiant Travel Company Price
Allegiant Travel Company price | Allegiant Travel Company Quote
Zacks Rank & Key Picks
Allegiant Travel carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Airline industry are Azul S.A. (AZUL - Free Report) , Spirit Airlines, Inc. (SAVE - Free Report) and Ryanair Holdings plc (RYAAY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Azul has trailing four-quarter positive earnings surprise in excess of 100%, on average. The carrier reported lower-than-expected earnings per share (EPS) in one of the last four quarters and beat estimates in the other three.
Spirit Airlines has trailing four-quarter positive earnings surprise of 2.8%, on average. The carrier reported in line EPS in one of the last four quarters and beat the consensus mark in the other three.
Ryanair has trailing four-quarter positive earnings surprise of 56.3%, on average. The carrier reported lower-than-expected EPS in one of the last four quarters and beat the Zacks Consensus Estimate in the other three.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>