Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Co. (ALGT) Tuesday reported a rise in traffic for October, compared to the same month last year. Total system traffic for the month increased 31.1% on a 34.2% capacity rise. Total system load factor, however, declined 2.0 points to 85.3%.
The Las Vegas-based company's monthly system traffic was 325.09 million revenue passenger miles or RPMs, up 31.1% from 248.04 million RPMs in the comparable month last year. System capacity rose 34.2% to 381.16 million available seat miles or ASMs from 284.12 million ASMs in the previous year. System load factor declined 2.0 points to 85.3% from 87.3%.
Total passengers boarded for October increased 28.9% to 359,084 from 278,497 a year ago. Total departures were 3,079, up 31.0% from 2,351 last year. Average stage length rose 2.0% to 832 miles from 816 miles in the previous year.
Total system results include scheduled service, fixed fee contract and non-revenue flying.
As per scheduled service, October traffic rose 36.4% to 296.33 million RPMs on a 38.9% capacity rise to 330.90 million ASMs. Load factor declined 1.6 points to 89.6% from the previous year. Total passengers boarded increased 31.3% to 319,980 from last year.
ALGT is currently trading at $39.26, up 0.35 or 0.91%, on a volume of 319K shares on the Nasdaq.
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