Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Company (ALGT), Tuesday, reported a 21.1% increase in traffic on a 20.6% increase in capacity for the month of January 2010. Load factor for the period increased 0.4 percentage points.
Total system traffic, which includes scheduled service, fixed fee contract and non-revenue flying, measured in revenue passenger miles, or RPMs, increased to 388.33 million from 320.63 million in the comparable month last year. The Las Vegas, Nevada headquartered company registered a 20.6% rise in capacity for the month to 450.71 million available seat miles from 373.64 million ASMs last year. Load factor rose 0.4 percentage points to 86.2% from 85.8%.
Passengers for the period increased 15.4% to 0.41 million from 0.36 million last year.
January traffic for Scheduled Service grew 21.6% to 368.50 million RPMs from 303.01 million RPMs in the year-ago month. Capacity improved 19.9% to 408.00 million ASMs from 340.31 million ASMs, while load factor rose 1.3 percentage points to 90.3% from 89.0%.
Passengers for the period increased 16.7% to 0.39 million from 0.33 million. ALGT shares are currently trading at $52.44, up $1.24 or 2.42% on the Nasdaq.
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