Allegiant Travel Company’s ALGT air traffic – measured in revenue passenger miles (RPMs) – for Allegiant Air stood at 799.07 million in Dec 2015, up 16.8% from 684.07 million a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) improved 21.8% to 968.3 million. Meanwhile, the load factor or percentage of seats filled by passengers decreased to 82.5% from 86.5% in Dec 2014.
At the end of 2015, Allegiant Air generated RPMs of 8.82 billion (up 14.4% year over year) and ASMs of 10.23 billion (up 17.7% year over year). Load factor stood at 86.2% compared with 88.7% a year ago. Likewise, passenger count climbed 17.2% in the month and 16.7% over the last 12 months.
In November last year, Allegiant Air announced flight service on nine new routes connecting the cities, Dayton, OH and Flint, MI. Further, the carrier is offering one-way tickets for as low as $29 on the new routes. Passengers can avail the new service starting Apr 2016.
The company’s significant route expansion, ancillary product introduction, fleet revamping and customer service enhancement will not only benefit passengers but will also drive traffic going forward.
Zacks Rank & Key Picks
Allegiant Travel currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space are JetBlue Airways Corp. JBLU, Alaska Air Group, Inc. ALK and Hawaiian Holdings Inc. HA. All the three stocks sport Zacks Rank #1 (Strong Buy).
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