Allegiant Air, LLC, a wholly-owned subsidiary of Las Vegas based Allegiant Travel Co. (ALGT) Monday announced preliminary traffic results, reporting an increase in both September and third quarter traffic and capacity.
For the month of September, total system traffic, measured in revenue passenger miles, or RPMs, increased 46.1% to 292.23 million from 200.08 million in the same period last year. Capacity measured in available seat miles, or ASMs, surged 50.2% to 343.01 million from 228.34 million in the prior-year month. Total system load factor, however, dropped 2.4 percentage points to 85.2% from 87.6% in the same month a year ago.
For the third quarter, total system traffic was up 36.8% at 1.17 billion RPMs from 858.1 million RPMs in the year-ago quarter. Capacity rose 42.7% to 1.35 billion ASMs from 946.37 million in the corresponding quarter last year. Total system load factor was down 3.8 percentage points at 86.9% compared to 90.7% in the prior-year quarter.
Scheduled Service's September traffic jumped 59.6% to 264.73 million RPMs from 165.84 million RPMs in the same month last year. Capacity surged 63.2% to 294.74 million ASMs from 180.62 million in the same month a year ago. Load factor, however, declined 2 points to 89.8% from 91.8% in the prior-year month.
For the third quarter, scheduled Service traffic rose 47% to 1.10 billion RPMs from 745.2 million RPMs in the corresponding period last year. Capacity rose 53.4% to 1.22 billion ASMs from from 794.73 million ASMs in the corresponding quarter a year ago. However, load factor declined 3.9 percentage points at 89.9% compared to 93.8% in the year-ago quarter.
ALGT is currently up $0.75 or 2.11% and trades at $36.28.
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